Credit Provisions. Users of the Berth Corridor or Vessel Agents may apply for credit terms for the payment of the charges and fees due under the Fee Schedule and this Tariff by contacting the Operator. User shall provide the Operator with all information and details the Operator may request to assist the Operator in determining if credit will be allowed. The Operator’s decision to grant or not grant credit shall be final.
Credit Provisions. 10.1 [Credit provisions in relation to Acceptable Security to be determined further by National Grid]
Credit Provisions. Penn agrees to provide a letter of credit acceptable to Exxon. Credit balances shall be monitored by Exxon, and amendments to the letter of credit may be required when it appears that those balances may exceed current security levels. Timely receipt by Exxon of acceptable security and amendments is a condition precedent to Exxon's performance under this Agreement. Any letter of credit provided to Exxon must be issued in a format, for and amount, by a bank and for a time duration acceptable to Exxon.
Credit Provisions. In the event that, notwithstanding the limitations contained in this Article XI, an indemnifying party nevertheless becomes liable to an indemnified party hereunder, the indemnifying party shall be entitled to a credit or offset against any such liability of an amount equal to the value of any net tax benefit realized by the indemnified party in connection with the loss or damage suffered by the indemnified party which forms the basis of the indemnifying party's liability hereunder and the receipt of the indemnification payment by the indemnified party.
Credit Provisions. 8.1 The Customer shall maintain the Credit Support in full force and effect for the Supply Period plus two calendar months and if applicable shall procure that the Credit Support is not reduced, repudiated, vitiated or invalidated in any way by the provider of the Credit Support.
8.2 The Credit Support required at least two weeks before the Supply Start Date is shown in Part D (“the Initial Credit Support”).
8.3 During the Supply Period, the Customer shall deliver, and shall procure that the Credit Support provider if other than a bank shall deliver, its most recent (consolidated) annual (group) financial statements to WINGAS UK within 180 days following the end of each of the Customer’s financial years, but only to the extent these are not made available at the Customer’s or Credit Support provider’s website. If requested by WINGAS UK, the Customer shall make available, and shall procure that the Credit Support provider if other than a bank shall make available, the respective most recent unaudited preliminary accounts.
8.4 The payment terms set out in this Agreement are based on the assessment by WINGAS UK of the Customer’s creditworthiness at the date of the credit assessment. If WINGAS UK (in its sole discretion) reasonably determines that the Customer’s creditworthiness or credit risk is materially different than at the date of the assessment or any later re-assessment, then WINGAS UK may serve notice upon the Customer requiring amendment to the terms of this Agreement or a form of Credit Support to be put in place as determined by WINGAS UK. If the Customer fails to implement revisions to the Credit Support (including providing Credit Support where there was previously no requirement or replacing existing Credit Support) within fourteen (14) Days of such notice WINGAS UK reserves the right to apply immediately Prepayment terms and/or WINGAS UK may terminate this Agreement immediately and charge the Commodity element of the Price at Out of Contract Margin. Prepayment means payment of the invoice relevant to a Month before the start of that Month. Without limiting the generality of this Clause 8.4, examples of the circumstances in which WINGAS UK may exercise its rights are:
(a) The latest annual or other financial report of the Customer or of the Credit Support provider (other than in cases where the Credit Support provider is a bank) leads in the reasonable good faith opinion of WINGAS UK to a material impairment of Customer’s creditworthiness; or
(b...
Credit Provisions. Once a Storage User has become a signatory to the SSA, Interconnector will carry out an initial credit check. There are two ways that a Storage User can meet the credit requirements under the SSA:
Credit Provisions. 11.1 You acknowledge and agree that we may at any time:
(a) obtain from a credit reporting agency, a credit report containing personal credit information about you or your directors and officers, in relation to any commercial credit we provide or consider providing to you;
(b) receive from a credit reporting agency, a credit report containing personal information about you or your directors and officers in relation to overdue payments;
(c) give information to, or seek information from, any credit provider named in a credit report issued by a credit reporting agency, and any existing, previous or future supplier of goods to your or any related party of you and such information may include details of your (or your related parties’) credit arrangements, credit worthiness, credit standing, credit history or credit capacity that credit providers are allowed to give or receive from each other; and
(d) in circumstances where we request a director’s guarantee to secure the repayment of any amount you owe to us from time to time and this is not provided to us, charge the interest you have now or in the future either solely or jointly in all present and after-acquired personal property.
11.2 You acknowledge that the security interest granted to us pursuant to clause 11.1(d) is capable of being registered pursuant to the Personal Property Securities Act 2009 (“PPS Act”). You further acknowledge that the security interest will continue until we give a final release in relation to the secured goods.
Credit Provisions. A. Financial Information
1) State Agencies: The state of California will be credit qualified as a single entity upon execution of the MSA. Individual state agencies will not be required to credit qualify on their own.
Credit Provisions. THE CREDITED, undertakes to SIXTH. - COMMISSION, CAPITAL, INTERESTS ORINORARIOS AND MORATORIOS. THE CREDITED and/or THE GUARANTOR must pay
Credit Provisions. In consideration of FRUHLING and CSN MADEIRA entereing into this Transaction and in order to support and secure the obligations of CSN MADEIRA under this Transaction, the Agreement and any other transaction between CSN MADEIRA and FRUHLING, CSN MADEIRA will from time to time, whenever requested by FRUHLING deposit with Eligible Collateral as provided below always in accordance with the dynamic of Collateral. Settlement Terms: Cash Settlement: Applicable Settlement Currency: USD Cash Settlement Payment Date Three Currency Business Days after the Relevant Valuation Date or the Early Termination Date as the case may be.
