Common use of Establishment of Credit Clause in Contracts

Establishment of Credit. Unless the Member’s credit is established to management’s satisfaction or unless the Member has a credit history consistent with the Substantive Rules of the Public Utility Commission of Texas, a deposit must be made, as hereafter provided, before service will be instituted. Credit must be established by credit history with the Cooperative, or by verified credit history with other utilities, or other methods satisfactory to management. A Member who owns the premises for which service application is made may be deemed to have established credit by virtue of such ownership, unless management has knowledge of factors that raise doubts as to the Member’s credit-worthiness, such as unsatisfactory credit history.