Credit Assessment. 10.1 You acknowledge and agree that details of your name, address and payment record may be submitted to a credit reference agency, and data in relation to you will be processed by and on behalf of us in connection with the supply to help us to make decisions about your ability to pay for the supply to your site(s).
10.2 We may monitor and record information relating to your trade performance and such records will be made available to credit reference agencies who will share the information with other businesses for business assessment, assessing credit applications and for fraud prevention.
10.3 The payment terms set out in this agreement are based on our assessment of your credit worthiness at the commencement date. Subject to clause 10.5, if, at any time: (a) we (in our sole discretion) reasonably determine that your credit worthiness or credit risk is materially different than at the time when this agreement was entered into; and/or (b) any credit insurance or credit support in place for your agreement is withdrawn (either fully or partially; then we may serve notice upon you: (i) setting out amendments to the terms of this agreement; and/or (ii) requiring you to put in place a form of credit support determined by us.
10.4 If you fail to comply with any request we make pursuant to clause 10.3 within five (5) business days of us providing the notice to you, we may terminate this agreement immediately. We shall also be entitled to recover from you all of the costs we incur which result from ending this agreement early.
10.5 Clauses 10.3 and 10.4 shall not apply where you or your business enters into administration or a voluntary arrangement with people you or your business owe money to (your creditors).
Credit Assessment. To assess your creditworthiness, manage credit risk and to prevent fraud (or other criminal activity) you acknowledge and agree that we or agents acting on our behalf may:
8.2.1. make periodic searches and enquiries about you and any related party at credit reference agencies and your employers, if applicable;
8.2.2. disclose information to organisations involved in fraud prevention; and
8.2.3. investigate any current and past investment activity and obtain information in connection therewith and disclose information to other dealers, or investment managers which deal in or manage investments for clients, concerning any payment or security default or concerning any investment which is related to or connected with the Transactions.
Credit Assessment. Your credit history will be reviewed and your Social Security Number will be matched against the Department of Revenue, Child Support Enforcement Division’s database, and other databases as may be required by law, to ensure you are eligible. If you do not meet qualifying criteria, you will be informed in writing of the reason for the denial, and any pending disbursements will be cancelled.
Credit Assessment. Each Lender confirms that it has itself been, and will continue to be, solely responsible for making its own independent investigation and appraisal of the business and operations, financial condition, prospects, creditworthiness, status and affairs of each Borrower, each other Obligor and each Group Company or any other person and has not relied, and will not at any time rely, on the Agent, the Security Trustee or any other Lender:
26.7.1 to check or enquire on its behalf into the adequacy, accuracy, completeness or reasonableness of any representation, warranty, statement, projection, assumption or information provided by any Obligor or any other person under or in connection with any Finance Document or the transactions contemplated in any Relevant Agreement (whether or not such information has been or is at any time hereafter circulated to it by the Agent or the Security Trustee including any contained in any information memorandum or similar document prepared in connection with any proposed syndication of the Facilities); or
26.7.2 to assess or keep under review on its behalf the business and operations, financial condition, prospects, creditworthiness, status or affairs of any Borrower, other Obligor or Group Company or any other person.
Credit Assessment. Fortum Markets AB is entitled to perform a normal credit assessment when the agreement is signed. If the customer has a poor credit rating, Fortum Markets AB reserves the right to require the customer to provide acceptable security or make advance payments for future sales.
Credit Assessment. 18.1 You acknowledge and agree that we have taken steps to assess:
18.1.1 that you generally understand and appreciate the costs and risks associated with this contract;
18.1.2 your debt repayment history;
18.1.3 your existing financial means, prospects and obligations;
18.2 We have, pursuant to the information supplied and representations made by yourself, and in connection with the matters set out in this agreement, satisfied ourselves that you are capable of performing your financial obligations in terms of this agreement and that you understand and appreciate the costs and risks associated therewith.
18.3 You acknowledge that we have entered into this contract with you on the strength of the financial representations made by you.
Credit Assessment. Privacy Act authorised
x. Xxxxxxx’x Petroleum may disclose certain information referred to in paragraph (d) below about the Customer to a credit reporting body (CRB) when:
i. assessing the Customer’s application for credit; and
ii. managing the Customer’s account with Xxxxxxx’x Petroleum. The Customer authorises Xxxxxxx’x Petroleum to disclose such information to a CRB for these purposes.
b. Subject to Xxxxxxx’x Petroleum obligations under the Privacy Act 1988 (Privacy Act) and other applicable laws, Xxxxxxx’x Petroleum may give the information referred to in (c) below to a CRB to:
i. obtain a consumer credit report about the Customer; or
ii. allow the CRB to create or maintain a credit information file about the Customer.
c. The Customer agrees that Xxxxxxx’x Petroleum may disclose a credit report about it to any CRB, debt collecting agency or Xxxxxxx’x Petroleum insurers for the purposes of assessing the Customer’s creditworthiness or to collect any overdue payments (as the case may be).
x. Xxxxxxx’x Petroleum may, in its sole discretion, disclose the following information relating to the Customer in accordance with this paragraph:
i. the name and address of the Customer and its directors and proprietors;
ii. credit limits on the Customer’s accounts;
iii. the amount of any payments which are overdue;
iv. where an overdue payment has been previously reported, advise that the payment is no longer overdue;
v. cheques or credit card payments which have been dishonoured; and information that Xxxxxxx’x Petroleum has ceased to supply Goods to the Customer.
e. The Customer agrees that Xxxxxxx’x Petroleum may obtain information about the Customer from any CRB for the purposes of assessing the Customer’s application to purchase the Goods on credit and collecting any overdue amounts.
x. Xxxxxxx’x Petroleum may refuse to supply the Goods to the Customer on credit on the basis of Xxxxxxx’x Petroleum credit assessment of the Customer.
Credit Assessment. 10.1 You acknowledge and agree that details of your name, address and payment record may be submitted to a credit reference agency, and data in relation to you will be processed by and on behalf of us in connection with the supply to help us to make decisions about your ability to pay for the supply to your site(s).
10.2 The payment terms set out in this agreement are based on our assessment of your credit worthiness at the commencement date. Subject to clause 10.4, if, at any time: (a) we (in our sole discretion) reasonably determine that your credit worthiness or credit risk is materially different than at the time when this agreement was entered into; and/or (b) any credit insurance or credit support in place for your agreement is withdrawn (either fully or partially; then we may serve notice upon you: (i) setting out amendments to the terms of this agreement; and/or (ii) requiring you to put in place a form of credit support determined by us.
10.3 If you fail to comply with any request we make pursuant to clause 10.2 within five (5) business days of us providing the notice to you, we may terminate this agreement immediately. We shall also be entitled to recover from you all of the costs we incur which result from ending this agreement early.
Credit Assessment. (1) When contracts are concluded and in specific cases where there is a legitimate interest, our company also checks the creditworthiness of existing clients on a regular basis. For this purpose, we collaborate with Creditreform Boniversum GmbH (Xxxxxxxxxxxxxxxxx 00, 00000 Xxxxx), Verband der Vereine Creditreform e.V. (Federation of Creditreform Associations) (Xxxxxxxxxxxxxxxxx 00, 00000 Xxxxx) and XXXX Xxxxxx GmbH (Xxxxxxxxxxxxxxx 0, 00000 Xxxxxx) from which we receive the relevant data. To this end, we provide your name and contact details to the above-mentioned credit agencies. Any information in accordance with Article 14 of the EU General Data Protection Regulation on data processing at Creditreform can be either found at xxx.xxxxxxxxxx.xx/XX-XXXXX or at xxx.xxxxxxxxxxxx.xx/XX- DSGVO or at xxx.xxxxxxxxxxx.xx/xx/xxxxxxxxxxx.
Credit Assessment. 15.1 The information You provide Good Energy with will be used to assess Your credit status. Good Energy may also share Your information with external credit reference agencies.
