Common use of Reporting; Maintenance of Creditworthiness Clause in Contracts

Reporting; Maintenance of Creditworthiness. (a) Each SSO Supplier must promptly notify Duke Energy Ohio of any change in its or its Guarantor’s credit rating or financial condition. The SSO Supplier or Guarantor must also furnish evidence of an acceptable credit rating or financial condition upon the request of Duke Energy Ohio. (b) If the lowest credit rating (whether corporate or issuer rating or unsecured senior debt rating) used to determine the SSO Supplier’s ICT or its Credit Limit adversely changes, Duke Energy Ohio will require ICR Collateral or Margin Collateral from such SSO Supplier in accordance with Sections 5.4, 5.6 and 5.7. The additional security must be in a form acceptable to Duke Energy Ohio, as specified in Section 5.9.

Reporting; Maintenance of Creditworthiness. (a) Each SSO The XXXX Supplier must promptly notify Duke Energy Ohio of any change in its or its Guarantor’s credit rating or financial condition. The SSO XXXX Supplier or Guarantor must also furnish evidence of an acceptable credit rating or financial condition upon the request of Duke Energy Ohio. (b) If the lowest credit rating (whether corporate or issuer rating or unsecured senior debt rating) used to determine the SSO XXXX Supplier’s ICT or its Credit Limit adversely changes, Duke Energy Ohio will require ICR Collateral or Margin Collateral from such SSO the XXXX Supplier in accordance with Sections 5.4, 5.6 and 5.7. The additional security must be in a form acceptable to Duke Energy Ohio, as specified in Section 5.9.