Common use of No Obligation to Extend Credit Clause in Contracts

No Obligation to Extend Credit. Without limiting clause 8.8, if, in the provision of Port Terminal Services, Viterra considers that it will be exposed to a risk that the Client does not pay for any of those services when due and payable (Credit Risk), Viterra is not obliged to provide those services unless and until Viterra, acting reasonably, is satisfied either by obtaining Credit Support or by independent credit checks or otherwise that the Client is credit-worthy in respect of the Credit Risk.

No Obligation to Extend Credit. Without limiting clause 8.8, if, in the provision of Port Terminal Services, Viterra considers that it will be exposed to a risk that the Client does not pay for any of those services when due and payable (Credit Risk), Viterra is not obliged to provide those services unless and until Viterra, acting reasonably, is satisfied either by obtaining Credit Support or by independent credit checks or otherwise that the Client is credit-worthy in respect of the Credit Riskcredit risk.

No Obligation to Extend Credit. Without limiting clause 8.8, if, in the provision of Port Terminal Services, Viterra considers that it will be exposed to a risk that the Client does not pay for any of those services when due and payable (Credit Risk), Viterra is not obliged to provide those services unless and until Viterra, acting reasonably, is satisfied either by obtaining Credit Support or by independent credit checks or otherwise that the Client is credit-credit- worthy in respect of the Credit Risk.