Common use of PRUDENTIAL REQUIREMENTS Clause in Contracts

PRUDENTIAL REQUIREMENTS. 8.1 Retailer will satisfy prudential requirements: The Retailer will comply with either one of the following prudential requirements: (a) the Retailer will maintain an acceptable credit rating, or‌ (b) the Retailer will provide and maintain acceptable security by, at the Retailer's election: (i) providing the Distributor with a cash deposit of the value specified in clause 8.6 (as may be reviewed by the Distributor in accordance with clause 8.10) (“Cash Deposit”) which the Distributor will hold in a trust account that the Distributor will establish and operate in accordance with clause 8.26; or (ii) arranging for a third party with an acceptable credit rating to provide security in a form acceptable to the Distributor, of the value specified in clause 8.6; or (iii) providing a combination of the securities listed in subparagraphs (i) or (ii) to the value specified in clause 8.6.

PRUDENTIAL REQUIREMENTS. 8.1 12.1 Retailer will satisfy prudential requirements: The Retailer will comply with either one of the following prudential requirementsrequirements from the Commencement Date: (a) the Retailer will maintain an acceptable credit rating, or‌; or (b) the Retailer will provide and maintain acceptable security by, at the Retailer's election: (i) providing the Distributor with a cash deposit of the value specified in clause 8.6 12.6 (as may be reviewed by the Distributor in accordance with clause 8.10) (“"Cash Deposit”) "), which the Distributor will hold in a trust account that the Distributor will establish and operate in accordance with clause 8.26; or12.24; (ii) arranging for a third party with an acceptable credit rating to provide security in a form acceptable to the Distributor, of the value specified in clause 8.612.6; or (iii) providing a combination of the securities listed in subparagraphs (i) or and (ii) to the value specified in clause 8.612.6.

PRUDENTIAL REQUIREMENTS. 8.1 Retailer will satisfy prudential requirements: The Retailer will comply with either one of the following prudential requirements: (a) the Retailer will maintain an acceptable credit rating, or‌or (b) the Retailer will provide and maintain acceptable security by, at the Retailer's election: (i) providing the Distributor with a cash deposit of the value specified in clause 8.6 (as may be reviewed by the Distributor in accordance with clause 8.10) (“Cash Deposit”) which the Distributor will hold in a trust account that the Distributor will establish and operate in accordance with clause 8.268.24; oror‌ (ii) arranging for a third party with an acceptable credit rating to provide security in a form acceptable to the Distributor, of the value specified in clause 8.6; or (iii) providing a combination of the securities listed in subparagraphs (i) or (ii) to the value specified in clause 8.6.