Common use of Reporting of Changes Clause in Contracts

Reporting of Changes. The BGS-FP Supplier shall promptly notify the Companies of any change in its credit rating or the credit rating of its Guarantor, shall promptly notify the Companies if the BGS- FP Supplier or its Guarantor is placed on a credit watch with negative implications by any rating agency, and shall notify the Companies of any materially adverse change in its financial condition or in the financial condition of its Guarantor. The BGS-FP Supplier or Guarantor shall also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies. The Companies shall promptly notify the BGS-FP Supplier in the event that the applicable rating of any Company is downgraded below the Minimum Rating.

Appears in 2 contracts

Samples: Forward Contract, Supplier Forward Contract

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Reporting of Changes. The BGS-FP Supplier shall promptly notify the Companies Companies: (i) of any change changeschange in its credit rating or the credit rating of its Guarantor, shall (ii)shall promptly notify the Companies if the BGS- BGS-FP Supplier or its Guarantor is placed on a credit watch with negative implications by any rating agency, and shall (iii)shall notify the Companies of any materially adverse change in its financial condition or in the financial condition of its Guarantor. The BGS-FP Supplier or Guarantor shall also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies. The Companies shall promptly notify the BGS-BGS- FP Supplier in the event that the applicable rating of any Company is downgraded below the Minimum Rating, as determined in accordance with Section E.ARTICLE 4: .

Appears in 1 contract

Samples: Supplier Forward Contract

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Reporting of Changes. The BGS-FP Supplier shall promptly notify the Companies Companies: (i) of any change changes in its credit rating or the credit rating of its Guarantor, shall promptly notify the Companies (ii) if the BGS- BGS-FP Supplier or its Guarantor is placed on a credit watch with negative implications by any rating agency, and shall notify the Companies (iii) of any materially adverse change in its financial condition or in the financial condition of its Guarantor. The BGS-FP Supplier or Guarantor shall also furnish evidence of an acceptable credit rating or financial condition upon the request of the Companies. The Companies shall promptly notify the BGS-FP Supplier in the event that the applicable rating of any Company is downgraded below the Minimum Rating, as determined in accordance with Section 6.4.

Appears in 1 contract

Samples: Supplier Forward Contract

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