Reporting; Maintenance of Creditworthiness. (a) The XXXX Supplier must promptly notify the Companies of any change in its or its Guarantor’s credit rating or financial condition. The XXXX Supplier or Guarantor must also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies. (b) If the lowest credit rating (whether corporate issuer rating or unsecured senior debt rating) used to determine the XXXX Supplier’s Credit Limit adversely changes, the Companies will require Margin Collateral from such XXXX Supplier in accordance with Sections 6.4, 6.6 and 6.
Appears in 8 contracts
Samples: Supply Agreement, Supply Agreement, Supply Agreement
Reporting; Maintenance of Creditworthiness. (a) The XXXX Supplier must promptly notify the Companies of any change in its or its Guarantor’s credit rating or financial condition. The XXXX Supplier or Guarantor must also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies.
(b) If the lowest credit rating (whether corporate issuer rating or unsecured senior debt rating) used to determine the XXXX Supplier’s Credit Limit adversely changes, the Companies will require Margin Collateral from such XXXX Supplier in accordance with Sections 6.4, 6.6 and 66.7. The additional security must be in a form acceptable to the Companies, as specified in Section 6.9.
Appears in 4 contracts
Samples: Supply Agreement, Supply Agreement, Supply Agreement
Reporting; Maintenance of Creditworthiness. (a) The XXXX Supplier must promptly notify the Companies of any change in its or its Guarantor’s credit rating or financial condition. The XXXX Supplier or Guarantor must also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies.
(b) . If the lowest credit rating (whether corporate issuer rating or unsecured senior debt rating) used to determine the XXXX Supplier’s Credit Limit adversely changes, the Companies will require Margin Collateral from such XXXX Supplier in accordance with Sections 6.4, 6.6 and 66.7. The additional security must be in a form acceptable to the Companies, as specified in Section 6.9.
Appears in 3 contracts
Samples: Supply Agreement, Supply Agreement, Supply Agreement
Reporting; Maintenance of Creditworthiness.
(a) The XXXX Supplier must promptly notify the Companies DP&L of any change in its or its Guarantor’s credit rating or financial condition. The XXXX Supplier or Guarantor must also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies.DP&L.
(b) If the lowest credit rating (whether corporate issuer rating or unsecured senior debt rating) used to determine the XXXX Supplier’s Credit Limit adversely changes, the Companies DP&L will require Margin Collateral from such XXXX Supplier in accordance with Sections 6.4, 6.6 and 6.
Appears in 1 contract
Samples: Supply Agreement
Reporting; Maintenance of Creditworthiness. (a) The XXXX Supplier must promptly notify the Companies DP&L of any change in its or its Guarantor’s credit rating or financial condition. The XXXX Supplier or Guarantor must also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies.DP&L.
(b) If the lowest credit rating (whether corporate issuer rating or unsecured senior debt rating) used to determine the XXXX Supplier’s Credit Limit adversely changes, the Companies DP&L will require Margin Collateral from such XXXX Supplier in accordance with Sections 6.4, 6.6 and 6.
Appears in 1 contract
Samples: Supply Agreement