Credit Requirements. The amount to be secured by the User from [date] is set out in the Secured Amount Statement issued from time to time and as varied from time to time in accordance with Section 2 of the CUSC.
Credit Requirements. 21.1 Refusal of supply
(a) an Insolvency Event occurs in respect of the Shipper; or
(b) after the Service Providers' request, the Shipper fails within:
(i) 7 days of the Service Providers’ request to establish or confirm the Shipper's creditworthiness in accordance with clause 21.2; or
(ii) 7 days of the Service Providers’ request to provide Adequate Assurance in accordance with clause 21.3, but the Shipper's obligation to pay money under this document is in no way thereby reduced.
Credit Requirements. This Confirmation’s credit requirements for the Electric Energy portion of the Product shall be governed by the EEI Agreement.
Credit Requirements. Seller shall post security as follows: Development Security – $[To equal $105/kW of Guaranteed Capacity] Performance Security – $[ To equal $105/kW of Installed Capacity ] To secure its obligations under this PPA, Seller shall deliver the Development Security to Buyer within five (5) Business Days of the Effective Date. Development Security shall be in the form of cash or a Letter of Credit. To secure its obligations under this PPA, Seller shall deliver Performance Security to Buyer on or before the Commercial Operation Date. Within five (5) Business Days following any draw by Buyer on the Development Security or the Performance Security, Seller shall replenish the amount drawn such that the security is restored to the applicable amount. Workforce Agreement: Seller shall comply with all federal, state and local laws, statutes, ordinances, rules and regulations, and the orders and decrees of any courts or administrative bodies or tribunals, including, without limitation employment discrimination laws and prevailing wage laws. Prior to the Guaranteed Construction Start Date, Seller shall ensure that work performed in connection with construction of the Facility will be conducted using a project labor agreement, or similar agreement, providing for terms and conditions of employment with applicable labor organizations, and shall remain compliant with such agreement in accordance with the terms thereof. Seller shall provide documentation reasonably satisfactory to Buyer demonstrating Seller’s compliance with such agreement(s), and Seller shall provide to Buyer copies of any reports, certifications or similar communications with the IRS regarding labor information applicable to Seller, its Affiliates or suppliers and vendors in connection with any obtaining or substantiating tax incentives pursuant to the Internal Revenue Service Requirements. Diverse Business Enterprises: Seller shall be required under the PPA to complete the Workforce Development or Supplier Diversity Reporting as part of its progress reporting obligations, and agrees to comply with similar regular reporting requirements related to diversity and labor practices. Semi-annually during the Delivery Term, Seller shall provide to Buyer a report listing all Diverse Business Enterprises that supplied goods or services to Seller during such period, including any certifications or other documentation of such Diverse Business Enterprises status as such and the aggregate amount paid to Diverse Business E...
Credit Requirements. APG&E may use credit reporting agencies to document and evaluate Customer's credit and/or payment history. At the discretion of APG&E and to the extent allowed by law, APG&E may require a deposit from Customer or refuse service in accordance with PUC rules and regulations. In no event shall APG&E require security from Customer in excess of one-fifth (1/5th) of Customer's estimated annual billing.
Credit Requirements. We may require you to demonstrate and maintain satisfactory credit as a condition of providing service under this Agreement, and you authorize us to access and use information about you to review your credit history. You will be deemed to have satisfactory credit if you (i) are 65 years of age or older and are not currently delinquent in payment of any electric service account; or (ii) provide a certification letter developed by the Texas Council on Family Violence evidencing that you are determined to be a victim of family violence.
Credit Requirements. Purchases made by Buyer hereunder shall be on open account provided that:
(a) Buyer or its Affiliates are not in default in the payment when due of any of its indebtedness in excess of $2,500,000 in the aggregate; and
(b) Buyer's sales of Crude Oil hereunder are in accordance with the credit policies set forth by Plains Resources' chief financial officer.
Credit Requirements. SmartEnergy reserves the right to conduct a credit review prior to providing you with electricity supply service, and reserves the right to refuse you electricity supply service if you do not meet SmartEnergy’s credit standards. You agree to provide SmartEnergy with any information reasonably requested in order to complete the credit review. If, prior to commencing electricity supply service or at any time during the term of this Agreement, SmartEnergy has good faith concerns about your creditworthiness, SmartEnergy may conduct a credit review.
Credit Requirements.
(a) Seller is to utilize the Credit Matrix in the attached Exhibit C to determine the amount of any credit assurances to be provided. The amount of credit assurances will be based upon the Credit Rating of Seller or the entity providing credit assurances on behalf of Seller, and the size of the Project.
(b) The Credit Rating will be the lower of: (x) the most recently published senior, unsecured long term debt rating (or corporate rating if a debt rating is not available) from Standard & Poor’s (S&P), or (y) the most recently published senior, unsecured long term debt rating (or corporate rating if a debt rating is not available) from Xxxxx’x Investor Services. If Option (x) or (y) is not available, the Credit Rating will be determined by Buyer’s Credit Dept. through an internal process review and utilizing a proprietary credit scoring model developed in conjunction with S&P.
(c) If requested by Buyer, Seller shall, within thirty (30) days, provide Buyer with copies of its most recent annual and quarterly financial statements prepared in accordance with GAAP.
Credit Requirements. We'll only make the change if, when the change is to take effect, our usual credit requirements are met. These include requirements for security and documents.
