Common use of Credit Support Clause in Contracts

Credit Support. (a) The Customer must promptly provide to AGL such information reasonably requested by AGL from time to time to assist in the assessment of the Customer’s creditworthiness. (b) AGL may by Notice request the Customer to provide AGL with Security to secure the due and punctual performance of the Customer’s obligations under this Agreement if: (i) AGL, acting reasonably, considers that the Customer’s creditworthiness is unsatisfactory, or has materially adversely changed; or (ii) the Customer fails to pay, in accordance with the Payment Terms, the outstanding amount of any 3 bills or any 2 consecutive bills. (c) The Customer must provide any Security requested within 7 days after AGL’s Notice under clause 4.3(b). (d) AGL may use the Security to pay any amounts AGL reasonably believes the Customer owes to AGL under this Agreement. (e) Where AGL uses the Security to pay any amounts the Customer owes to AGL under this Agreement, AGL may require the Customer to reinstate the Security to the original amount requested pursuant to clause 4.3(b) within 7 days. (f) If the Customer fails to provide or reinstate Security in accordance with this clause 4.3, AGL may refuse to sell or supply electricity under this Agreement, cause the electricity supply at a Premises to be disconnected in accordance with clause 9.1(d), or terminate this Agreement in accordance with clause 8.1(b). (g) AGL must release any remaining Security on termination or expiry of this Agreement if all amounts owing or payable by the Customer to AGL under this Agreement have been paid in full.

Credit Support. (a) The Customer must promptly provide to AGL such information reasonably requested by AGL from time to time to assist in the assessment of the Customer’s creditworthiness. (b) AGL may by Notice request the Customer to provide AGL with Security to secure the due and punctual performance of the Customer’s obligations under this Agreement if: (i) AGL, acting reasonably, considers that the Customer’s creditworthiness is unsatisfactory, or has materially adversely changedchanged since the date of this Agreement; or (ii) the Customer fails to pay, in accordance with the Payment Terms, the outstanding amount of any 3 bills or any 2 consecutive bills. (c) The Customer must provide any Security requested within 7 days after AGL’s Notice under clause 4.3(b). (d) AGL may use the Security to pay any amounts AGL reasonably believes the Customer owes to AGL under this Agreement. (e) Where AGL uses the Security to pay any amounts the Customer owes to AGL under this Agreement, AGL may require the Customer to reinstate the Security to the original amount requested pursuant to clause 4.3(b) within 7 days. (f) If the Customer fails to provide or reinstate Security in accordance with this clause 4.3, AGL may refuse to sell or supply electricity under this Agreement, cause the electricity supply at a Premises to be disconnected in accordance with clause 9.1(d), or terminate this Agreement in accordance with clause 8.1(b). (g) AGL must release any remaining Security on termination or expiry of this Agreement if all amounts owing or payable by the Customer to AGL under this Agreement have been paid in full.

Credit Support. (a) The Customer must promptly provide to AGL such information reasonably requested by AGL from time to time to assist in the assessment of the Customer’s creditworthiness. (b) AGL may by Notice notice request the Customer to provide AGL with Security to secure the due and punctual performance of the Customer’s obligations under this Agreement if: (i) AGL, acting reasonably, considers that the Customer’s creditworthiness is unsatisfactory, or has materially adversely changed; or (ii) the Customer fails to pay, in accordance with the Payment Terms, the outstanding amount of any 3 bills or any 2 consecutive bills. (c) The Customer must provide any Security requested within 7 days after AGL’s Notice notice under clause 4.3(b6.3(b). (d) AGL may use the Security to pay any amounts AGL reasonably believes the Customer owes to AGL under this Agreement. (e) Where AGL uses the Security to pay any amounts the Customer owes to AGL under this Agreement, AGL may require the Customer to reinstate the Security to the original amount requested pursuant to clause 4.3(b6.3(b) within 7 days. (f) If the Customer fails to provide or reinstate Security in accordance with this clause 4.36.3, AGL may refuse to sell or supply electricity gas under this Agreement, cause the electricity gas supply at a Premises Delivery Point to be disconnected in accordance with clause 9.1(d13(d), or terminate this Agreement in accordance with clause 8.1(b12.1(c). (g) AGL must release any remaining Security on termination or expiry of this Agreement if all amounts owing or payable by the Customer to AGL under this Agreement have been paid in full.

Credit Support. (a) The Customer must promptly provide to AGL such information reasonably requested by AGL from time to time to assist in the assessment of the Customer’s creditworthiness. (b) AGL may by Notice notice request the Customer to provide AGL with Security to secure the due and punctual performance of the Customer’s obligations under this Agreement if: (i) AGL, acting reasonably, considers that the Customer’s creditworthiness is unsatisfactory, or has materially adversely changedchanged since the Commencement Date; or (ii) the Customer fails to pay, in accordance with the Payment Terms, the outstanding amount of any 3 bills or any 2 consecutive bills. (c) The Customer must provide any Security requested within 7 days after AGL’s Notice notice under clause 4.3(b6.3(b). (d) AGL may use the Security to pay any amounts AGL reasonably believes the Customer owes to AGL under this Agreement. (e) Where AGL uses the Security to pay any amounts the Customer owes to AGL under this Agreement, AGL may require the Customer to reinstate the Security to the original amount requested pursuant to clause 4.3(b6.3(b) within 7 days. (f) If the Customer fails to provide or reinstate Security in accordance with this clause 4.36.3, AGL may refuse to sell or supply electricity gas under this Agreement, cause the electricity gas supply at a Premises Delivery Point to be disconnected in accordance with clause 9.1(d13(d), or terminate this Agreement in accordance with clause 8.1(b12.1(c). (g) AGL must release any remaining Security on termination or expiry of this Agreement if all amounts owing or payable by the Customer to AGL under this Agreement have been paid in full.

Credit Support. (a) The Customer must promptly provide to AGL such information reasonably requested by AGL from time to time to assist in the assessment of the Customer’s creditworthiness. (b) AGL may by Notice request the Customer to provide AGL with Security to secure the due and punctual performance of the Customer’s obligations under this Agreement if: (i) i. AGL, acting reasonably, considers that the Customer’s creditworthiness is unsatisfactory, or has materially adversely changedchanged since the date of this Agreement; or (ii) . the Customer fails to pay, in accordance with the Payment Terms, the outstanding amount of any 3 bills or any 2 consecutive bills. (c) The Customer must provide any Security requested within 7 days after AGL’s Notice under clause 4.3(b). (d) AGL may use the Security to pay any amounts AGL reasonably believes the Customer owes to AGL under this Agreement. (e) Where AGL uses the Security to pay any amounts the Customer owes to AGL under this Agreement, AGL may require the Customer to reinstate the Security to the original amount requested pursuant to clause 4.3(b) within 7 days. (f) If the Customer fails to provide or reinstate Security in accordance with this clause 4.3, AGL may refuse to sell or supply electricity under this Agreement, cause the electricity supply at a Premises to be disconnected in accordance with clause 9.1(d), or terminate this Agreement in accordance with clause 8.1(b). (g) AGL must release any remaining Security on termination or expiry of this Agreement if all amounts owing or payable by the Customer to AGL under this Agreement have been paid in full.. Electricity Sale Agreement