Materiality of Creditworthiness Sample Clauses

Materiality of Creditworthiness. The Supplier’s creditworthiness, the satisfactory nature of any alternative arrangements that may be made hereunder, and the Supplier’s duty to keep the Company informed of developments that may be material to its creditworthiness or to the adequacy of any alternative arrangements in place are all material terms of this Agreement. Creditworthiness or satisfactory alternative arrangements must be maintained on an ongoing basis throughout the term of this Agreement.
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Materiality of Creditworthiness. If Supplier is performing Consolidated Billing hereunder, the Supplier’s creditworthiness, the satisfactory nature of any alternative arrangements that may be made hereunder, and the Supplier’s duty to keep the Company informed of developments that may be material to its creditworthiness or to the adequacy of any alternative arrangements in place are all material terms of this Agreement. Creditworthiness or satisfactory alternative arrangements must be maintained on an ongoing basis throughout the term of this Agreement. The Company may re- evaluate Supplier’s creditworthiness on a quarterly basis. If Company determines that Supplier must increase its credit support amount, Supplier will have thirty (30) days to do so. If such amount is not increased within this thirty-day period, Supplier will be deemed to be in Default, as defined in Article 5 above.
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Related to Materiality of Creditworthiness

  • Materiality The Company and the Stockholders hereby agree that this covenant is a material and substantial part of this transaction.

  • Representations and Warranties of Borrower Borrower represents and warrants as follows:

  • Representations and Warranties of the Borrower The Borrower represents and warrants as follows:

  • Project Co Representations and Warranties Project Co represents and warrants to Hospital that as at the date of this Limited Assignment of Construction Contract:

  • REPRESENTATIONS AND WARRANTY 8.1 You represent and warrant that you and the Representative, will perform all activities relating to the Service:

  • General Representations and Warranties The Contractor represents, warrants and covenants that:

  • Customer’s Representations and Warranties Upon Xxxxxx’s request from time to time, Customer will provide Seller with current financial information. Customer represents and warrants that any financial information provided to Seller will be true and correct in all material respects and shall fairly and accurately present the financial condition of Customer as of the date of such financial statements. Customer hereby authorizes Seller to review and evaluate Customer’s credit background from time to time.

  • Client’s Representations and Warranties Client hereby represents and warrants to Adviser that: (i) Client has the requisite legal capacity and authority to execute, deliver and to perform its obligations under this Agreement; (ii) this Agreement has been duly authorized, executed and delivered by Client and is the legal, valid and binding agreement of Client, enforceable against Client in accordance with its terms; (iii) Client’s execution of this Agreement and the performance of its obligations hereunder do not conflict with or violate any provisions of the governing documents of Client or any obligations by which Client is bound, whether arising by contract, operation of law or otherwise; (iv) Client will deliver to Adviser evidence of Client’s authority in compliance with such governing documents upon Adviser’s request; and (v) the Client is the owner of all cash, Investments and other assets in the Account, and there are no restrictions on the pledge, hypothecation, transfer, sale or public distribution of such cash, securities or assets.

  • City’s Representations and Warranties A. The CITY represents and warrants, as of the date hereof, that:

  • Certain Representations and Warranties Each of the parties hereto represents and warrants to the other that, as of the date hereof; this Agreement has been duly and validly authorized by all necessary action (corporate, limited liability company or otherwise) on the part of such party, has been duly executed and delivered by such party and constitutes the valid and legally binding obligation of such party, enforceable against such party in accordance with its terms and conditions.

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