Common use of Credit and Security Clause in Contracts

Credit and Security. (a) From time to time during the term of this Agreement, Customer authorises Megaport to assess Customer’s creditworthiness and to communicate with credit reporting agencies about Customer’s credit status. Megaport may give these agencies information that Customer has provided to Megaport. (b) Megaport may require Customer to lodge some form of security as a condition of providing Services to Customer, which Megaport may use to recover amounts Customer owes Megaport or to compensate Megaport for any Loss Megaport suffers as a result of Customer’s breach of this Agreement. Megaport may also set a credit limit or restrict Customer’s use of the Services to limit Megaport’s financial exposure. If Customer exceeds its credit limit, Megaport may restrict Customer’s ability to order new Services and/or require payment from Customer.

Credit and Security. (a) From time to time during the term of this Agreement, Customer authorises Megaport to assess Customer’s creditworthiness and to communicate with credit reporting agencies about Customer’s credit status. Megaport may give these agencies information that Customer has provided to Megaport. (b) Megaport may require Customer to lodge some form of reasonable security as a condition of providing Services to Customer, which Megaport may use to recover amounts Customer owes Megaport or to compensate Megaport for any Loss Megaport suffers as a result of Customer’s breach of this Agreement. Megaport may also set a credit limit or restrict Customer’s use of the Services to limit Megaport’s financial exposure. If Customer exceeds its credit limit, Megaport may restrict Customer’s ability to order new Services and/or require payment from Customer.

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