Common use of Use of Credit Support Clause in Contracts

Use of Credit Support. (a) We may draw on the Credit Support provided by you to offset any amount you owe under this Agreement: (i) if you fail to pay a bill and, as a result, we arrange for the disconnection of a Supply Address under any account you hold with us; or (ii) in relation to a Final Bill. (b) If we use your Credit Support to offset amounts owed to us, we will advise you as soon as possible. (c) You agree that, if the form of Credit Support you provide is a cash deposit, we may retain any interest accruing on this cash amount.

Appears in 3 contracts

Samples: Large Customer Terms & Conditions, Large Customer Terms & Conditions, Large Customer Terms & Conditions

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Use of Credit Support. (a) We may draw on the Credit Support provided by you to offset any amount you owe under this Agreement: (i) : if you fail to pay a bill and, as a result, we arrange for the disconnection of a Supply Address under any account you hold with us; or (ii) or in relation to a Final Bill. (b) If we use your Credit Support to offset amounts owed to us, we will advise you as soon as possible. (c) You agree that, if the form of Credit Support you provide is a cash deposit, we may retain any interest accruing on this cash amount.

Appears in 1 contract

Samples: Large Customer Terms and Conditions

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