Creditworthiness Requirements. 14.1.1 In order to secure the Network User’s due performance of this Agreement, the Network User shall:
Creditworthiness Requirements. 14.1.1 In order to secure the Grid User’s due performance of this Agreement, the Grid User shall:
Creditworthiness Requirements. Throughout the term of this Agreement, Shipper shall comply with the creditworthiness requirements set out in Annex C.
Creditworthiness Requirements. The Customer agrees to comply with Xxxxxxxxxx’s credit support requirements throughout the term of this Agreement, as set forth in Bonneville’s Creditworthiness Business Practice, as amended from time to time, and in accordance with section 11 of the OATT. Based on such credit support requirements, at the time Bonneville establishes the Service Commencement Date, Bonneville will determine whether the Customer has an obligation to post additional credit assurances.
Creditworthiness Requirements. In order to secure Shipper’s due performance of this Agreement, the Terminal Operator is entitled to require the Shipper and the Other Shippers having entered into an LTA for LNG Services to : Terminal Operator shall be entitled at any time during the Service Term to request Shipper to demonstrate within fifteen (15) Business Days after the notification by Terminal Operator that the Financial Bank Guarantee or the acceptable credit rating, is in fact compliant with this GC 10. If the Shipper no longer meets the requirements stipulated in GC 10.1, it must, at the risk of breach of contract, immediately notify the Terminal Operator hereof by registered mail. The Shipper has fifteen (15) Business Days in order to demonstrate to the Terminal Operator that it complies with the provisions of GC 10.1.1. If upon expiry of this period, the Shipper does not comply with the provisions of GC 10.1.1, the LNG Services will be suspended in accordance with GC 16.2. Any modification of Shipper’s Subscribed LNG Service(s), lower or higher, during the Service Term covered by the Financial Bank Guarantee or the parent company guarantee as the case may be, shall automatically entail the adjustment of the amount of accordingly.
Creditworthiness Requirements. 8.1.1 The Terminal Operator is entitled to require the Shipper having entered into an LSA to: Provide a Financial Bank Guarantee in accordance with GC 8.2; or, Provided that there are no invoiced amounts overdue, at the latest five (5) Business Days before the Services Start Date and until the Service End Date of any Service Confirmation, have an acceptable credit rating – which corresponds to a rating for the Shipper’s long term unsecured and non credit enhanced debt obligations of not less than BBB+ by Standard & Poor’s Rating Services or Fitch Ratings or not less than Baa1 by Xxxxx’x Investor Services – or to provide an unconditional and irrevocable parent company guarantee to cover for the obligations of Shipper under this Agreement via its parent company who has an acceptable credit rating (Standard & Poor’s/Fitch : BBB+ and Moody’s : Baa1). The Shipper must demonstrate annually and at the latest on the anniversary date of the subscribed LNG Services, with a term of at least thirty (30) Days left to run, that itself or its parent company still meets the requirements of an acceptable credit rating.
Creditworthiness Requirements. 14.1.1 In order to secure the G rid UserN etwork User’s due performance of this Agreement, the G rid UserN etwork User shall:
Creditworthiness Requirements. The Terminal Operator is entitled to require the Shipper having entered into an LSA to: Provide a Financial Bank Guarantee in accordance with GC 8.2; or, Provided that there are no invoiced amounts overdue, at the latest five (5) Business Days before the Services Start Date and until the Service End Date of any Service Confirmation, have an acceptable credit rating – which corresponds to a rating for the Shipper’s long term unsecured and non credit enhanced debt obligations of not less than BBB+ by Standard & Poor’s Rating Services or Fitch Ratings or not less than Baa1 by Xxxxx’x Investor Services – or to provide an unconditional and irrevocable parent company guarantee to cover for the obligations of Shipper under this Agreement via its parent company who has an acceptable credit rating (Standard & Poor’s/Fitch : BBB+ and Moody’s : Baa1). The Shipper must demonstrate annually and at the latest on the anniversary date of the subscribed LNG Services, with a term of at least thirty (30) Days left to run, that itself or its parent company still meets the requirements of an acceptable credit rating. Terminal Operator shall be entitled at any time during the Service Term to request Shipper to demonstrate within fifteen (15) Business Days after the notification by Terminal Operator that the Financial Bank Guarantee or the acceptable credit rating, is in fact compliant with this GC 8. If the Shipper no longer meets the requirements stipulated in GC 8.1, it must, at the risk of breach of contract, immediately notify the Terminal Operator hereof by registered mail. The Shipper has fifteen (15) Business Days in order to demonstrate to the Terminal Operator that it complies with the provisions of GC 8.1.1. If upon expiry of this period, the Shipper does not comply with the provisions of GC 8.1.1, the Terminal Operator will be entitled to suspend the LNG Services in accordance with GC 16. Any modification of Shipper’s subscribed LNG Service(s), lower or higher, during the Service Term covered by the Financial Bank Guarantee or the parent company guarantee as the case may be, shall automatically entail the adjustment of the amount of accordingly.
Creditworthiness Requirements. Biogas Producer shall be responsible for meeting all Creditworthiness Requirements.
Creditworthiness Requirements. Throughout the term of this Agreement, Xxxxxxx shall comply with the creditworthiness requirements set out in Annex C.
