Common use of Change in Credit Standing Clause in Contracts

Change in Credit Standing. The Company will re-evaluate the creditworthiness of a BGS-CIEP Supplier whenever it becomes aware of an adverse change, through the provision of notice by such Supplier or otherwise, in the BGS-CIEP Supplier’s or Guarantor’s credit standing. The Company shall not require any additional security from a BGS-CIEP Supplier due to an adverse change in such BGS-CIEP Supplier’s credit standing provided that the BGS-CIEP Supplier continues to meet the Company’s minimum standard for an unsecured line of credit. When an adverse change in a BGS-CIEP Supplier’s credit standing causes the BGS- CIEP Supplier to no longer qualify for an unsecured line of credit from the Company, the Company shall be entitled to require additional security, prepayment, or a deposit in accordance with Sections 6.2 and 6.3 of this Agreement. The additional security must be in a form acceptable to the Company as specified in Section 6.4 of this Agreement.

Change in Credit Standing. The Company will re-evaluate the creditworthiness of a BGS-CIEP Supplier whenever it becomes aware of an adverse change, through the provision of notice by such Supplier or otherwise, in the BGS-CIEP Supplier’s or Guarantor’s credit standing. The Company shall not require any additional security from a BGS-CIEP Supplier due to an adverse change in such BGS-CIEP Supplier’s credit standing provided that the BGS-BGS- CIEP Supplier continues to meet the Company’s minimum standard for an unsecured line of credit. When an adverse change in a BGS-CIEP Supplier’s credit standing causes the BGS- BGS-CIEP Supplier to no longer qualify for an unsecured line of credit from the Company, the Company shall be entitled to require additional security, prepayment, or a deposit in accordance with Sections 6.2 and 6.3 of this Agreement. The additional security must be in a form acceptable to the Company as specified in Section 6.4 of this Agreement.