Creditworthiness and Security Sample Clauses

The 'Creditworthiness and Security' clause establishes requirements for one party to demonstrate its financial stability and, if necessary, provide assurances such as guarantees, letters of credit, or other forms of security. In practice, this clause may require a party to periodically submit financial statements or allow the other party to request additional security if there are concerns about the ability to meet contractual obligations. Its core function is to protect the interests of the counterparty by reducing the risk of non-payment or default, thereby ensuring the reliability of the contractual relationship.
Creditworthiness and Security. In the event the Custom Incentive is two hundred fifty thousand dollars ($250,000.00) or more, Participant agrees that PGE may verify Participant’s creditworthiness at any time during the Term, which may include, but is not limited to, Participant providing PGE audited financial statements or other reasonable documentation related to the Participant’s creditworthiness. Based on its credit review of Participant, PGE may require security to ensure the Participant is financially capable of meeting its obligations under this Agreement. Participant will be required to provide security if their long-term senior, unsecured, debt obligation (not supported by third party credit enhancements) is rated by S&P below “BBB-” or by ▇▇▇▇▇’▇ below “Baa3.” If the Participant has not been assigned a long-term senior, unsecured, debt rating, an internal PGE credit score equivalent to the public debt ratings below BBB- / Baa3 may be used. Such security may include: a. A surety bond issued by an issuer and in a form, substance and amount satisfactory to PGE; b. A letter of credit issued by an issuer and in a form, substance and amount satisfactory to PGE; c. A cash deposit in an amount satisfactory to Company; or d. Any other mutually agreed credit mechanism.
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Creditworthiness and Security. 6.1. Customer must meet the requirements of Section 46 of the GT&C and the Security requirements of Exhibit C hereto. 6.2. In the event of any conflict between the security requirements of Exhibit C and the Security requirements of Section 46 of the GT&C, the security requirements of Exhibit C will prevail.
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Creditworthiness and Security. 43 15.1 Guaranty in favor of Southern.....................................................................
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Creditworthiness and Security. 11 13.1 FPUC’S PROVISION OF ELIGIBLE COLLATERAL 13.2 GULF POWER'S PROVISION OF ELIGIBLE COLLATERAL 13.3 COMPLIANCE CERTIFICATE
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Creditworthiness and Security. 6.1. Customer must meet the requirements of Section 46 of the GT&C and the Security requirements of Exhibit C. 6.2. In the event of any conflict between the Security requirements of Exhibit C and the Security requirements of Section 46 of the GT&C, Northern's FERC Gas Tariff will prevail.
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Creditworthiness and Security 
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Related to Creditworthiness and Security

  • Access and Security Customer shall employ all physical, administrative and technical controls, screening and security procedures and other safeguards necessary to: (a) securely administer the distribution and use of all Access Credentials and protect against any unauthorized access to or use of the Hosted Services; and (b) control the content and use of Customer Data, including the uploading or other provision of Customer Data for Processing by the Hosted Services.

  • Collateral and Security Section 10.01.

  • Password and Security If you are issued or create any password or other credentials to access the Service or the portion of the Site through which the Service is offered, you agree not to give or make available your password or credentials to any unauthorized individuals, and you agree to be responsible for all actions taken by anyone to whom you have provided such credentials. If you believe that your credentials have been lost or stolen or that someone may attempt to use them to access the Site or Service without your consent, you must inform us at once at the telephone number provided in Section 6 of the General Terms above. See also Section 16 of the General Terms above regarding how the timeliness of your notice impacts your liability for unauthorized transfers.

  • PERSONAL INFORMATION PRIVACY AND SECURITY CONTRACT 11 Any reference to statutory, regulatory, or contractual language herein shall be to such language as in 12 effect or as amended. 13 A. DEFINITIONS

  • Data and Security If Contractor is granted access to Court Data, Confidential Information or Court Work Locations in the performance of the Work;