Common use of Credit Requirements Clause in Contracts

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. ‌ (a) Seller Contractor 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 Contractor or the entity providing credit assurances on behalf of SellerContractor, and the size of the Projectproject. (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 BuyerCompany’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 BuyerCompany, Seller Contractor shall, within thirty (30) days, provide Buyer Company with copies of its most recent annual and quarterly financial statements prepared in accordance with GAAP.

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.