Common use of Creditworthiness Clause in Contracts

Creditworthiness. (a) At any time during the term of this agreement, the Transporter may request in writing, and if so requested the Shipper must provide: (i) its most recent audited financial statements (or if the Transporter acting reasonably so requests, the Shipper will also provide its most recent unaudited financial statements); (ii) evidence of debt and/or corporate credit ratings; and (iii) other information that the Transporter reasonably requests to establish or confirm the Shipper's creditworthiness. (b) All information the Shipper provides for credit evaluation purposes will be used by the Transporter solely for this purpose and subject to clause 28, will be held in confidence. (c) The Transporter will establish credit limits based on the level of requested Service and the Shipper's creditworthiness as established by the Transporter’s analysis of the Shipper's financial strength, taking into consideration (but in no way limited to) analysis of three (3) years of the Shipper's audited financial statements demonstrating adequate financial strength to justify the amount of the credit the Transporter is to extend to the Shipper.

Creditworthiness. (a) At any time during the term of this agreementTerm, the Transporter Service Providers may request in writing, and if so requested the Shipper must provide: (i) its most recent audited financial statements (or if the Transporter Service Providers acting reasonably so requests, the Shipper will also provide its most recent unaudited financial statements); (ii) evidence of debt and/or corporate credit ratings; and (iii) other information that the Transporter Service Providers reasonably requests request to establish or confirm the Shipper's creditworthiness. (b) All information the Shipper provides for credit evaluation purposes will be used by the Transporter Service Providers solely for this purpose and subject to clause 2829.3, will be held in confidence. (c) The Transporter Service Providers will establish credit limits based on the level of requested Service and the Shipper's creditworthiness as established by the Transporter’s Service Providers' analysis of the Shipper's financial strength, taking into consideration (but in no way limited to) analysis of three (3) years of the Shipper's audited financial statements demonstrating adequate financial strength to justify the amount of the credit the Transporter Service Providers is to extend to the Shipper.

Creditworthiness. (a) At any time during the term of this agreementTerm, the Transporter Service Providers may request in writing, and if so requested the Shipper must provide: (i) its most recent audited financial statements (or if the Transporter Service Providers acting reasonably so requests, the Shipper will also provide its most recent unaudited financial statements); (ii) evidence of debt and/or corporate credit ratings; and (iii) other information that the Transporter Service Providers reasonably requests request to establish or confirm the Shipper's creditworthiness. (b) All information the Shipper provides for credit evaluation purposes will be used by the Transporter Service Providers solely for this purpose and subject to clause 2830.3, will be held in confidence. (c) The Transporter Service Providers will establish credit limits based on the level of requested Service and the Shipper's creditworthiness as established by the Transporter’s Service Providers' analysis of the Shipper's financial strength, taking into consideration (but in no way limited to) analysis of three (3) years of the Shipper's audited financial statements demonstrating adequate financial strength to justify the amount of the credit the Transporter Service Providers is to extend to the Shipper.