Common use of FINANCIAL DISTRESS Clause in Contracts

FINANCIAL DISTRESS. In the event of a reduction in the amount of a Transmission Customer’s Unsecured Credit (a) by fifty percent (50%) or more as determined in accordance with Section 26.5 of Attachment K to the ISO Services Tariff, or (b) as a result of a material adverse change as determined in accordance with Section

FINANCIAL DISTRESS. In the event of a reduction in the amount of a Transmission Customer’s Unsecured Credit (a) by fifty percent (50%) or more as determined in accordance with Section 26.5 of Attachment K to the ISO Services Tariff, or (b) as a result of a material adverse change as determined in accordance with Sectionin