Common use of Company Evaluation Clause in Contracts

Company Evaluation. To be deemed Creditworthy, the Supplier must first have acquired a Supplier Certificate from the Commission, meeting the Commission’s creditworthiness standards. The Supplier must then complete and submit to the Company an application form containing certain basic information regarding the Supplier, which includes at least two (2) years of audited financial statements, three (3) relevant trade references and a reference from a lending institution. The Company will apply, on a non-discriminatory and consistent basis, reasonable financial evaluation standards to assess and examine the Supplier’s financial condition. The intent of the foregoing sentence is to use standards that are comparable to those relied on by PJM.