Common use of Change in Credit Standing Clause in Contracts

Change in Credit Standing. The Company will re-evaluate the creditworthiness of a BGS-RSCP Supplier whenever it becomes aware of an adverse change, through the provision of notice by such BGS-RSCP Supplier or otherwise, in the BGS-RSCP Supplier’s or Guarantor’s credit standing. If the lowest credit rating (whether senior unsecured debt rating or corporate issuer rating) used to determine the BGS-RSCP Supplier’s ICT or its credit limit adversely changes, the Company will require additional security from the BGS-RSCP Supplier in accordance with Sections 6.4 and 6.6 of this Agreement. The additional security must be in a form acceptable to the Company, as specified in Section 6.9 of this Agreement and must be posted as set forth in Section 6.7 of this Agreement.

Change in Credit Standing. The Company will re-evaluate the creditworthiness of a BGS-RSCP FP Supplier whenever it becomes aware of an adverse change, through the provision of notice by such BGS-RSCP FP Supplier or otherwise, in the BGS-RSCP FP Supplier’s or Guarantor’s credit standing. If the lowest credit rating (whether senior unsecured debt rating or corporate issuer rating) used to determine the BGS-RSCP FP Supplier’s ICT or its credit limit adversely changes, the Company will require additional security from the BGS-RSCP FP Supplier in accordance with Sections 6.4 and 6.6 of this Agreement. The additional security must be in a form acceptable to the Company, as specified in Section 6.9 of this Agreement and must be posted as set forth in Section 6.7 of this Agreement.