Credit Requirement. Students must enroll and maintain a minimum of 12 credits per semester in order to qualify for residential housing. Exceptions are made by the Assistant Director of Residence Life - Housing on an individual basis for any student who is enrolled in less than 12 credits.
Credit Requirement. You authorize Company to obtain and review your credit history. If you fail to meet Company credit criteria, you understand that Company may refuse or terminate Service, or provide a substitute product. You may be required to promptly provide Credit Enhancements to continue Service if there is a deterioration in your credit rating or a Usage Increase.
Credit Requirement. Students must enroll & maintain a minimum of 12 credits per semester in order to live in campus housing. Senior students who need to take less than 12 credits in order to graduate may live on- campus for their final semester with the expectation that seniors with a lighter academic load will not cause a distraction for other students. Other exceptions are made by the Assistant Director of Residence Life - Housing on an individual basis for any student who is enrolled in less than 12 credits.
Credit Requirement. (a) IDT recognizes and agrees that the BP Parties’ credit exposure to IDT with respect to outstanding Transactions entered into under the EEI Agreement, NAESB Agreement or ISDA Agreement herewith, is governed by this Agreement, the Master Netting Agreement and the Security Documents for managing xxxx-to-market exposures.
(b) If, on any Calculation Date, the BP Parties have a Net Exposure to IDT, IDT shall, pursuant to the Master Netting Agreement, Transfer to the BP Parties Performance Assurance having a Collateral Value on the date of Transfer at least equal to IDT’s Collateral Requirement. Until IDT Transfers to the BP Parties such Performance Assurance, neither BP Party shall be required to enter into any new Direct Transactions or Credit-Enabled Transactions. The BP Parties shall return to IDT such Performance Assurance to the extent required under the Master Netting Agreement.
(c) Using its commercially reasonable judgment and in accordance with its credit risk management policies, BP shall determine the value of the Collateral Value for purposes of the Master Netting Agreement.
Credit Requirement. Permit the Borrowing Base to be less than the Credit Requirement.
Credit Requirement. Contractor shall meet the requirements of any one or more of clause (i), clause (ii) or clause (iii) below: (i) Contractor maintains a senior unsecured debt rating from Standard & Poor’s of BBB or better; (ii) if Contractor has no debt rating, Contractor meets ALL of the following credit standards: a) tangible net worth equal to the projected maximum exposure under this Contract and positive earnings and working capital for the preceding 12 months, b) no change in the condition of its earnings, net worth, or working capital over the last 24 months which would reasonably be anticipated to impair the Contractor’s ability to meet its obligations under this Contract, and c) Contractor is not in default under any of its other agreements and is current on all of its financial obligations, or (iii) Contractor posts security pursuant to Article 30 Security Requirements below. If requested by Company, Contractor shall within thirty (30) days of each request provide Company with copies of its most recent annual and quarterly financial statements prepared in accordance with generally accepted accounting principles.
Credit Requirement. On the Effective Date of this Agreement and continuing until thirty (30) days following Supplier’s last Service Date, Supplier shall provide the ISO with one or more letters of credit in a total amount equal to $***, calculated as one sixth (1/6) of the monthly Contract ICAP Price multiplied by the monthly Committed Capacity Amount and summed over from the first twelve months after the first Proposed Service Date (the “Credit Amount”), which letter(s) of credit will be substantially in the form specified in the Financial Assurance Policy for NEPOOL Members set forth in the NEPOOL Tariff issued by one or more domestic or foreign banks whose long term debt is rated at least A- or the equivalent by Standard and Poor’s or Xxxxx’x Investor Services, Inc., modified as necessary to provide the ISO with authority to draw against such letter(s) of credit for the amount of any liquidated damages assessed under this Agreement. When the LRP Resource demonstrates the level of its ICAP Credit Amount for purposes of Section 2.5.2, and any liquidated damages for any failure of such LRP Resource to meet the Committed Capacity Amount have been assessed by the ISO and paid by the Supplier, the amount of the letter or letters of credit provided pursuant to this Section 2.4 shall be reduced by an amount equal to the quotient of ***.
Credit Requirement. A. All non-life-certificated teachers are required to obtain a minimum of 125 clock hours over a 5-year period.
B. If the requirements of this subdivision are not met, the School District will have the right to withhold increments or other salary increases. Any action to withhold a salary increase shall be subject to the established grievance procedure.
Credit Requirement. Unless Seller has adopted the creditworthiness warranties contained in Section 8.1, Seller shall provide Default Security to PacifiCorp in the form of a cash escrow or Letter of Credit.
Credit Requirement. Owner shall satisfy Club's reasonable credit requirements for purchase to be accepted.
