Credit Status Sample Clauses

Credit Status. Each Order placed with Vivial constitutes Reseller's representation and warranty that Reseller has the financial ability to pay for the Order in accordance with the terms of the Agreement. Reseller shall furnish Vivial with such statements accurately and fairly evidencing Reseller's financial condition as Vivial may, from time to time, reasonably request. Reseller shall notify Vivial immediately of any and all events that have had or may have a material adverse effect on Reseller's business or financial condition, including any change in management, sale, lease or exchange of a material portion of Reseller's assets, a change of control or ownership, or breach of any loan covenants or other material obligations of Reseller to its lenders. If, at any time, Vivial determines in its sole but reasonable discretion that Reseller's financial condition or creditworthiness is inadequate or unsatisfactory, then in addition to Vivial’s other rights under the Agreement, at law or in equity, Vivial may without liability or penalty, take any of the following actions: (a) require cash in advance or a cash deposit equal to up to three (3) months’ anticipated charges; (b) reject any Order received from Reseller; (c) cancel any previously accepted Orders; (d) delay any further provision of Vivial Services to Reseller; (e) terminate the Agreement; and/or (g) accelerate the due date of all amounts owing by Reseller to Vivial. No actions taken by Vivial under this Section nor any failure of Vivial to act under this Section shall constitute a waiver by Vivial of any of its rights to enforce Reseller's obligations under the Agreement, including, without limitation, the obligation of Reseller to make payments as required under the Agreement.
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Credit Status. SFPP, at its sole discretion, may require CUSTOMER to secure its obligation under this Agreement by mutually acceptable collateral. SFPP may periodically review CUSTOMER's credit status and payment record and may request copies of CUSTOMER's most recent financial statements, which CUSTOMER shall promptly supply. SFPP may alter CUSTOMER's credit status and require prepayment, a letter of credit, and/or a parent company guarantee.
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Credit Status. 8.1 The Supplier reserves the right to require payment on account of Charges before making any component(s) of the Service available to the Customer.
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Credit Status. You agree that theBetterGrid has the right to periodically check your consumer credit report. theBetterGrid may report information about your performance under this Agreement to consumer reporting agencies. Late payments, missed payments or other defaults hereunder may be reflected in your credit report.
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Credit Status. 2.1 The agreement is subject to Input being satisfied as to the customers’ credit status.
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Credit Status. GrabOne will have the right to review its payment arrangements with the Merchant in the event that in the reasonable opinion of GrabOne the credit status of the Merchant has changed. GrabOne will notify the Merchant of any such changes.
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Related to Credit Status

  • PROCESSING STATUS Any inquiry as to the processing status of a payment request or receiving report should be made to the following office: "To be cited in each individual task order".

  • Current Status The Property and Grantor and, to the best knowledge of Grantor, any property adjoining the Property are not in violation of or subject to any existing, pending or, to the best knowledge of Grantor, threatened investigation or inquiry by any governmental authority or to any remedial obligations under any “Environmental Laws” (as hereinafter defined), and this representation will continue to be true and correct following disclosure to the applicable governmental authorities of all relevant facts, conditions, and circumstances, if any, pertaining to the Property and Grantor. Grantor undertook, at the time of acquisition of the Property, all appropriate inquiry into the previous ownership and uses of the Property consistent with good commercial or customary practice to determine if the Property is in violation of any Environmental Laws. Grantor has taken all steps necessary to determine and has determined that no Hazardous Materials have been disposed of or otherwise released on or to the Property except in accordance with Environmental Laws. The use which Grantor makes and intends to make of the Property will not result in the disposal or other release of any Hazardous Material on or to the Property except in accordance with Environmental Laws. In the event any Environmental Law is amended so as to broaden the meaning of any term defined thereby, such broader meaning shall apply subsequent to the effective date of such amendment and provided further, to the extent that the applicable laws and regulations promulgated by the United States of America, the State of Texas, or other applicable jurisdiction establish a meaning for any term defined thereby which is broader than that specified in any Environmental Law, such broader meaning shall apply. The “Associated Property” (as hereinafter defined) is not in violation of any Environmental Law for which Grantor or its predecessors in interest in the Property would be responsible. As used in this Mortgage, the term “Associated Property” means any and all real and/or personal property interests in and to (and/or carved out of) the Lands which are described or referred to as Exhibit “A” hereto, or which are otherwise described in any of the oil, gas and/or mineral leases or other instruments described or referred to in such Exhibit “A”.

  • Permanent Status ‌ An employee will attain permanent status in a job classification upon their successful completion of a probationary, trial service or transition review period.

  • Termination for Insufficient Funding The State may immediately terminate this Contract if it does not obtain funding from the Minnesota Legislature, or other funding source; or if funding cannot be continued at a level sufficient to allow for the payment of the services addressed within this Contract. Termination must be by written notice to the Contractor. The State is not obligated to pay for any services that are provided after notice and effective date of termination. However, the Contractor will be entitled to payment, determined on a pro rata basis, for services satisfactorily performed to the extent that dedicated funds are available. The State will not be assessed any penalty if the Contract is terminated because of the decision of the Minnesota Legislature, or other funding source, not to appropriate funds. The State must provide the Contractor notice of the lack of funding. This notice will be provided within a reasonable time of the State’s receiving notice.

  • Student Status Licensee must maintain status as a student registered at Cal Poly with a minimum of eight (8) Cal Poly quarter units or if a graduate student, four (4) units. Exception requests must be submitted in writing to University Housing for approval (or contact the Disability Resource Center if disability related) if Licensee falls below these minimums. Dropping below the minimum is not considered a standard for cancellation and will not release the Licensee from paying any housing-related fees. The University may, at its sole option and discretion, revoke this License in accordance with the provisions herein if the Licensee fails to enroll in the minimum units, or drops below the minimum unit requirement after the beginning of the academic fee period.

  • Termination for Unavailability of Funds In the event of reduction, suspension, discontinuance or other unavailability of funds, CITY unilaterally may take appropriate action(s) including, but not limited to, immediately canceling or reducing existing service authorization, stopping or reducing further referrals of individuals, and/or reducing the maximum dollar amount of this AGREEMENT. CITY shall give GRANTEE no less than sixty (60) business days’ advance written notice of the action(s) CITY intends to take as a result of the unavailability of funds. CITY shall not be liable for start-up costs, or lost profits in the event of early termination.

  • Appointment Status An Employee shall be appointed on a permanent basis, or on a casual basis in accordance with Article 37.

  • Independent Status The employees, volunteers, or agents of each party who are engaged in the performance of this Agreement will continue to be employees, volunteers, or agents of that party and will not for any purpose be employees, volunteers, or agents of the other party.

  • Termination for Insolvency The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

  • Termination or Suspension for Convenience of City City may suspend or terminate this Agreement, or any portion of the Required Services, at any time and for any reason, with or without cause, by giving specific written notice to Consultant of such termination or suspension at least fifteen (15) days prior to the effective date thereof. Upon receipt of such notice, Consultant shall immediately cease all work under the Agreement and promptly deliver all “Work Product” (defined in Section 7 below) to City. Such Work Product shall be City's sole and exclusive property as provided in Section 7 hereof. Consultant shall be entitled to receive just and equitable compensation for this Work Product in an amount equal to the amount due and payable under this Agreement for work satisfactorily performed as of the date of the termination/suspension notice plus any additional remaining Required Services requested or approved by City in advance that would maximize City’s value under the Agreement.

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