Common use of Guarantees and Credit Support Clause in Contracts

Guarantees and Credit Support. 6.1 Clauses 10.1, 10.2, 10.3 and 10.4 of chapter III of Provisional Access Code shall not apply. 6.2 The Buyer must provide to the Operating Company written evidence in a form and substance satisfactory to the Operating Company that the credit rating of the Buyer with reference to its long term unsecured and unguaranteed debt is equal to or higher than: (i) Baa3 if provided by ▇▇▇▇▇'▇; or (ii) BBB- if provided by S&P. 6.3 If the requirements of clause 6.2 are not met by the Buyer (or were met by the Buyer at the time of submission of its Bids but subsequently ceased to be met prior to such Buyer entering into this Agreement), but such requirements are met by such Applicant's Parent Company, Buyer shall provide a First Demand Parent Company Guarantee, in the form provided in Annex III to this Agreement, issued by the Applicant's Parent Company 6.4 If the requirements of clause 6.2 and 6.3 are not met, Buyer shall provide a First Demand Guarantee in the form provided in Annex I to this Agreement. 6.5 The First Demand Parent Company or First Demand Guarantee shall provide for an amount equal to the Contract Sales Price pursuant to Article 5.2 and include VAT if applicable by law dispositions.

Guarantees and Credit Support. 6.1 Clauses 10.1, 10.2, 10.3 and 10.4 of chapter III of Provisional Access Regasification Code shall not apply. 6.2 The Buyer must provide to the Operating Company written evidence in a form and substance satisfactory to the Operating Company that the credit rating of the Buyer with reference to its long term unsecured and unguaranteed debt is equal to or higher than: (i) Baa3 if provided by ▇▇▇▇▇'▇; or (ii) BBB- if provided by S&P. 6.3 If the requirements of clause 6.2 are not met by the Buyer (or were met by the Buyer at the time of submission of its Bids but subsequently ceased to be met prior to such Buyer entering into this Agreement), but such requirements are met by such Applicant's Parent Company, Buyer shall provide a First Demand Parent Company Guarantee, in the form provided in Annex III to this the Agreement, issued by the Applicant's Parent Company 6.4 If the requirements of clause 6.2 and 6.3 are not met, Buyer shall provide a First Demand Guarantee in the form provided in Annex I to this the Agreement. 6.5 The First Demand Parent Company or First Demand Guarantee shall provide for an amount equal to the Contract Sales Price pursuant to Article 5.2 and include VAT if applicable by law dispositions.

Guarantees and Credit Support. 6.1 Clauses 10.1, 10.2, 10.3 and 10.4 of chapter III of Provisional Access Code shall not apply. 6.2 The Buyer must provide to the Operating Company written evidence in a form and substance satisfactory to the Operating Company that the credit rating of the Buyer with reference to its long term unsecured and unguaranteed debt is equal to or higher than: (i) Baa3 if provided by ▇▇▇▇▇'▇; or (ii) BBB- if provided by S&P. 6.3 If the requirements of clause 6.2 are not met by the Buyer (or were met by the Buyer at the time of submission of its Bids but subsequently ceased to be met prior to such Buyer entering into this Agreement), but such requirements are met by such Applicant's Parent Company, Buyer shall provide a First Demand Parent Company Guarantee, in the form provided in Annex III to this Agreement, issued by the Applicant's Parent Company 6.4 If the requirements of clause 6.2 and 6.3 are not met, Buyer shall provide a First Demand Guarantee in the form provided in Annex I to this Agreement. 6.5 The First Demand Parent Company or First Demand Guarantee shall provide for an amount equal to the Contract Sales Price that determined pursuant to Article 5.2 and include VAT if applicable by law dispositionsArticle 5.1.