Common use of No Obligation to Extend Credit Clause in Contracts

No Obligation to Extend Credit. If in the provision of Port Terminal Services the Company will be exposed to a risk that the Client does not pay for any of those services when due and payable (“credit risk”) the Company is not obliged to provide those services unless and until the Company, acting reasonably, is satisfied either by requesting 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. If in the provision of Port Terminal Services the Company will be exposed to a risk that the Client does not pay for any of those services when due and payable (“credit risk”) the Company is not obliged to provide those services unless and until the Company, acting reasonably, is satisfied either by requesting Credit SecurityCredit Support (refer clause 8.10) or by independent credit checks or otherwise that the Client is credit-worthy in respect of the credit risk.