Common use of Credit Impairment Clause in Contracts

Credit Impairment. The Purchaser consents to WFP conducting such credit investigations of the Purchaser as WFP may require from time to time to ascertain the financial viability of the Purchaser. If at any time the Purchaser’s credit worthiness becomes, in WFP’s sole judgment, impaired, then WFP shall have the right to request proof of the Purchaser’s credit worthiness. If the Purchaser is not able to provide satisfactory proof of credit worthiness, WFP may, in addition to any and all other remedies available to it under applicable law, decline to deliver the Products to the Purchaser until such time as the Purchaser’s credit has been re-established, to WFP’s satisfaction.

Credit Impairment. The Purchaser consents to WFP conducting such credit investigations of the Purchaser as WFP may require from time to time to ascertain the financial viability of the Purchaser. If at any time the Purchaser’s credit worthiness becomes, in WFP’s sole judgment, impaired, then WFP shall have the right to request proof of the Purchaser’s credit worthiness. If the Purchaser is not able to provide satisfactory proof of credit worthiness, WFP may, in addition to any and all other remedies available to it under applicable lawit, decline to deliver the Products to the Purchaser until such time as the Purchaser’s credit has been re-re- established, to WFP’s satisfaction.