Common use of Material Change in Resources Clause in Contracts

Material Change in Resources. NiSource will promptly notify the Service of any material change in NiSource’s funding resources. A material change in NiSource’s funding resources is any change in the financial condition of NiSource, including in the availability of its funds, that will adversely affect NiSource’s ability to implement the MSHCP, the ITP, and this Agreement. Should the available balance in NiSource Inc.’s credit facility ever fall below $25 million or should the credit facility be allowed to lapse, NiSource will notify the Service in writing within seven (7) days of such occurrence and obtain a $250,000 letter of credit, in a form acceptable to the Service, within thirty (30) days of such fall or lapse.

Material Change in Resources. NiSource will promptly notify the Service of any material change in NiSource’s funding resources. A material change in NiSource’s funding resources is any change in the financial condition of NiSource, including in the availability of its funds, that will adversely affect NiSource’s ability to implement the MSHCP, the ITP, and this Agreement. Should the available balance in NiSource Inc.’s credit facility ever fall below $25 million or should the credit facility be allowed to lapse, NiSource XxXxxxxx will notify the Service in writing within seven (7) days of such occurrence and obtain a $250,000 letter of credit, in a form acceptable to the Service, within thirty (30) days of such fall or lapse.

Material Change in Resources. NiSource will promptly notify the Service of any material change in NiSource’s funding resources. A material change in NiSource’s funding resources is any change in the financial condition of NiSource, including in or the availability of its funds, that will adversely affect NiSource’s ability to implement the MSHCP, the ITP, and this Agreement. Should the available balance in NiSource Inc.’s credit facility ever fall below $25 million or should the credit facility be allowed to lapse, NiSource will notify the Service in writing within seven (7) days of such occurrence and obtain a $250,000 letter of credit, in a form acceptable to the Service, within thirty (( 30) days of such fall or lapse.