Common use of Change in Financial Status Clause in Contracts

Change in Financial Status. The Supplier shall promptly inform the Company of any change in its Commission, FERC, PJM or other agency certification, licensing, or membership status. The Supplier shall also promptly inform the Company of any facts which would cause a change in the Credit Amount applicable to the Supplier. Failure to satisfy, on an ongoing basis, any of the requirements set forth in this Article, including those with respect to certification, or failure to provide additional credit funds when requested by the Company, if any such failure is not cured within ten (10) business days from receipt of written notice thereof, will constitute an event of Default.

Change in Financial Status. The Supplier shall promptly inform the Company Cooperative of any change in its Commission, FERC, PJM or other agency certification, licensing, or membership status. The Supplier shall also promptly inform the Company Cooperative of any facts which would cause a change in the Credit Amount creditworthiness and collateral applicable to the Supplier. Failure to satisfy, on an ongoing basis, any of the requirements set forth in this Article, including those with respect to certification, or failure to provide additional credit funds when requested by the Company, if any such failure is not cured within ten (10) business days from receipt of written notice thereof, will constitute an event of Default.

Change in Financial Status. The Supplier shall promptly inform the Company Cooperative of any change in its Commission, FERC, PJM or other agency certification, licensing, or membership status. The Supplier shall also promptly inform the Company Cooperative of any facts which would cause a change in the Credit Amount applicable to the Supplier. Failure to satisfy, on an ongoing basis, any of the requirements set forth in this Article, including those with respect to certification, or failure to provide additional credit funds when requested by the CompanyCooperative, if any such failure is not cured within ten (10) business days from receipt of written notice thereof, will constitute an event of Default.