Common use of Security for Charges* Clause in Contracts

Security for Charges*. (a) Subject to clause 9(b), if Western Power determines at any time during the Term that either or both of the User's or the Indemnifier's technical or financial resources are such that a Reasonable and Prudent Person would consider there to be a material risk that the User will be unable to meet its obligations under this Contract, then:

Appears in 4 contracts

Samples: www.erawa.com.au, www.erawa.com.au, www.erawa.com.au

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Security for Charges*. (a) Subject to clause 9(b), if Western Power Power* determines at any time during the Term Term* that either or both of the User*'s or the Indemnifier*'s technical or financial resources are such that a Reasonable and Prudent Person Person* would consider there to be a material risk that the User User* will be unable to meet its obligations under this Contract*, then:

Appears in 3 contracts

Samples: www.erawa.com.au, www.erawa.com.au, www.erawa.com.au

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