Common use of Shipper’s Failure to Furnish Acceptable Credit Assurance Clause in Contracts

Shipper’s Failure to Furnish Acceptable Credit Assurance. Shipper shall have satisfied the credit requirements set forth in Section 3(D) of this Agreement. If Shipper is not creditworthy and fails to demonstrate or furnish acceptable credit assurances as required by Section 3(D)(iii) within ten (10) business days of receipt of written notice of such failure from Transporter, then Transporter shall, in addition to any other remedy available under this Precedent Agreement, have the right to terminate this Precedent Agreement, the FTS Agreement, and any other related agreements in accordance with the terms of Transporter’s Tariff upon thirty (30) days written notice to Shipper.