Common use of Credit Support Clause in Contracts

Credit Support. If at any time the Customer does not have an Acceptable Credit Rating then within 20 Business Days of a request by Transpower (which request will include confirmation of the amount of Transpower’s Counterparty Exposure), the Customer must provide, or (subject to clause 3) procure a third party to provide, to Transpower credit support in a form permitted by clause 4 for an amount not less than Transpower’s Counterparty Exposure.

Credit Support. If at any time the Customer does not have an Acceptable Credit Rating then within 20 Business Days of a request by Transpower (which request will include confirmation of the amount of Transpower’s Counterparty Exposure), the Customer must provide, or (subject to clause 38.3) procure a third party to provide, to Transpower credit support in a form permitted by clause 4 8.4 for an amount not less than Transpower’s Counterparty Exposure.