Common use of CHANGE OF RATING Clause in Contracts

CHANGE OF RATING. In the event of a change in the rating of the Shipper or the guarantor during the Contract, the obligation shall be reviewed accordingly in order to provide GRTgaz with acceptable payment security in line with Sub-clause 9.1 without undue delay and in any case no later than in the month following the change.

CHANGE OF RATING. In the event of a change in the rating of the Shipper or the guarantor during the Contract, the obligation shall will be reviewed accordingly in order to provide GRTgaz with an acceptable payment financial security in line with Sub-clause 9.1 – without undue delay and in any case no later than in the month following the change.