Common use of Credit and Collateral Clause in Contracts

Credit and Collateral. 9 5.1. Seller’s Credit and Collateral Requirements 9 5.2. Grant of Security Interest/Remedies 10 5.3. Reduction and Substitution of Performance Assurance 10 5.4. Administration of Performance Assurance 12 5.5. Exercise of Rights against Performance Assurance 14 5.6. Financial Information 14 5.7. Access to Financial Information 15 5.8. Uniform Commercial Code Waiver 15

Credit and Collateral. 9 14 5.1. Seller’s Credit and Collateral Requirements 9 14 5.2. Grant of Security Interest/Remedies 10 14 5.3. Reduction and Substitution of Performance Assurance 10 15 5.4. Administration of Performance Assurance 12 16 5.5. Exercise of Rights against Performance Assurance 14 18 5.6. Financial Information 14 19 5.7. Access to Financial Information 15 20 5.8. Uniform Commercial Code Waiver 1520

Credit and Collateral. 9 14 5.1. Seller’s Credit and Collateral Requirements 9 14 5.2. Grant of Security Interest/Remedies 10 15 5.3. Reduction and Substitution of Performance Assurance 10 15 5.4. Administration of Performance Assurance 12 17 5.5. Exercise of Rights against Performance Assurance 14 19 5.6. Financial Information 14 19 5.7. Access to Financial Information 15 20 5.8. Uniform Commercial Code Waiver 1521

Credit and Collateral. 9 14 5.1. Seller’s Credit and Collateral Requirements 9 14 5.2. Grant of Security Interest/Remedies 10 15 5.3. Reduction and Substitution of Performance Assurance 10 15 5.4. Administration of Performance Assurance 12 17 5.5. Exercise of Rights against Performance Assurance 14 19 5.6. Financial Information 14 2019 5.7. Access to Financial Information 15 20 5.8. Uniform Commercial Code Waiver 1521