– Gas Retailers Sample Clauses

– Gas Retailers. In the case of Gas Retailers, AGN’s Credit Policy is as follows: a AGN will not require any Gas Retailer to provide credit support to AGN unless within the previous 12 months, the Gas Retailer has failed to pay in full: (i) the charges contained in 3 statements of charges by the due date for payment; or (ii) the charges contained in 2 consecutive statements of charges by the due date for payment; or (iii) the charges contained in 1 statement of charges within 15 business days of the due date for payment. b If AGN is permitted to require credit support pursuant to section 6.5.1(a), AGN may only require the Gas Retailer to provide credit support up to an amount equal to the charges contained in the most recent statement of charges that gave rise to the requirement for the retailer to provide credit support under clause 6.5.1(a). For the purposes of this policy: c If a retailer fails to pay charges contained in a statement of charges, but the charges are disputed, and the retailer has complied with the requirements of clause 23 of the General Terms and Conditions in respect of the dispute, the retailer will not be considered in default in payment of the disputed charges and the distributor will not be entitled to require the retailer to provide credit support. d If a retailer is required to provide credit support in accordance with clause 6.5.1(a): (i) the credit support must be provided within 5 business days of AGN’s request; (ii) the credit support must be an acceptable form of credit support in favour of the distributor (an acceptable form of credit support is defined in clause 27.3 of the General Terms and Conditions); (iii) the retailer must ensure that at all times the aggregate undrawn amount of the credit support is not less than the amount requested by AGN in accordance with section 6.5.1(b).
Sample 1Sample 2Sample 3
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– Gas Retailers. In the case of Gas Retailers, AGN’s Credit Policy is as follows: a AGN will not require any Gas Retailer to provide credit support to AGN in the form of bank guarantee, financial undertaking or similar instrument unless within the previous 12 months, the Gas Retailer has failed to pay in full: (i) the charges contained in 3 statements of charges by the due date for payment; or (ii) the charges contained in 2 consecutive statements of charges by the due date for payment; or (iii) the charges contained in 1 statement of charges within 15 business days of the due date for payment.
Sample 1
– Gas Retailers. In the case of Gas Retailers, Multinet’sAGN’s Credit Policy is as follows: a MultinetAGN will not require any Gas Retailer to provide credit support to MultinetAGN in the form of bank guarantee, financial undertaking or similar instrument unless within the previous 12 months, the Gas Retailer has failed to pay in full: (i) the charges contained in 3 statements of charges by the due date for payment; or (ii) the charges contained in 2 consecutive statements of charges by the due date for payment; or (iii) the charges contained in 1 statement of charges within 15 business days of the due date for payment. b If MultinetAGN is permitted to require credit support pursuant to section 6.5(a), MultinetAGN may only require the Gas Retailer to provide a bank guarantee, financial undertaking or similar instrument up to an amount equal to the charges contained in the most recent statement of charges that gave rise to the requirement for the retailer to provide credit support. c If a retailer is a subsidiary within a corporate group then the retailer must provide a guarantee from the parent entity of that group in form and substance satisfactory to MultinetAGN under which the parent entity guarantees the performance of that retailer, including the payment of all amounts payable to MultinetAGN by the retailer.
Sample 1
– Gas Retailers. In the case of Gas Retailers, AGN’s Credit Policy is as follows: a AGN will not require any Gas Retailer to provide credit support to AGN in the form of bank guarantee, financial undertaking or similar instrument unless within the previous 12 months, the Gas Retailer has failed to pay in full: (i) the charges contained in 3 statements of charges by the due date for payment; or (ii) the charges contained in 2 consecutive statements of charges by the due date for payment; or (iii) the charges contained in 1 statement of charges within 15 business days of the due date for payment. b If AGN is permitted to require credit support pursuant to section 6.5(a), AGN may only require the Gas Retailer to provide a bank guarantee, financial undertaking or similar instrument up to an amount equal to the charges contained in the most recent statement of charges that gave rise to the requirement for the retailer to provide credit support. c If a retailer is a subsidiary within a corporate group then the retailer must provide a guarantee from the parent entity of that group in form and substance satisfactory to AGN under which the parent entity guarantees the performance of that retailer, including the payment of all amounts payable to AGN by the retailer. d AGN will not require a retailer to provide any other form of credit support otherwise than in accordance with this section. For the purposes of this policy: e If a retailer fails to pay charges contained in a statement of charges, but the charges are disputed, and the retailer has complied with the requirements of clause 23 of the General Terms and Conditions in respect of the dispute, the retailer will not be considered in default in payment of the disputed charges and the distributor will not be entitled to require the retailer to provide credit support.
Sample 1

Related to – Gas Retailers

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  • TRANSPORT SERVICES Upon the conclusion of such multilateral negotiations, the Parties shall conduct a review for the purpose of discussing appropriate amendments to this Agreement so as to incorporate the results of such multilateral negotiations.

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  • COVID-19 Vaccine Passports Pursuant to Texas Health and Safety Code, Section 161.0085(c), Contractor certifies that it does not require its customers to provide any documentation certifying the customer’s COVID-19 vaccination or post-transmission recovery on entry to, to gain access to, or to receive service from the Contractor’s business. Contractor acknowledges that such a vaccine or recovery requirement would make Contractor ineligible for a state-funded contract.

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