Common use of Credit Assurances Clause in Contracts

Credit Assurances. If Suez has commercially reasonable grounds to believe Customer’s creditworthiness or performance under this Agreement has or may become unsatisfactory, then Suez shall provide Customer with written notice requesting Performance Assurance in an amount not to exceed three (3) times the average amount invoiced by Billing Cycle. Upon receipt of such notice, Customer shall have three (3) Business Days to remedy the situation by providing such Performance Assurance to Suez.

Credit Assurances. If Suez has commercially reasonable grounds to believe Customer’s creditworthiness or performance under this Agreement has or may become unsatisfactory, then Suez shall provide Customer with written notice requesting Performance Assurance in an amount not to exceed three (3) times the average amount invoiced by Billing Cycle. Upon receipt of such notice, Customer shall have three (3) Business Days to remedy the situation by providing such Performance Assurance to Suez.

Credit Assurances. If Suez has commercially reasonable grounds to believe Customer’s creditworthiness or performance under this Agreement has or may become unsatisfactory, then Suez shall provide Customer the other Party with written notice requesting Performance Assurance in an amount not to exceed three (3) times the average amount invoiced by Billing Cycle. Upon receipt of such notice, Customer shall have three (3) Business Days to remedy the situation by providing such Performance Assurance to Suez.