Right to Require Performance Assurance Sample Clauses
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; (b) cash; or (c) other security (including a bank or parent guarantee), in a form and amount reasonably acceptable to the Requesting Party (each a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three (3) Business Days provide to the Requesting Party the Performance Assurance required.
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; (b) cash; or (c) other security (including a bank or parent guarantee), in a form, amount and from an entity which is reasonably acceptable to the Requesting Party (each a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three Business Days provide to the Requesting Party the Performance Assurance required. For the avoidance of doubt, in the event that an entity providing Performance Assurance on behalf of a Party does not thereafter continue to be reasonably acceptable to the Requesting Party, the Requesting Party shall have the right to require the other Party to provide to it additional Performance Assurance in accordance herewith.
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; (b) cash; or (c) 2.
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; (b) cash; or (c) other security (including a bank or parent guarantee), in a form and amount 2. Derecho a Requerir una Garantía de Cumplimiento: En cualquier momento y cuando corresponda, cuando una Parte (la "Parte Solicitante") entienda de buena fe que se ha producido un Cambio Material Adverso en relación con la otra Parte, la Parte Solicitante tendrá derecho a requerir, mediante notificación por escrito, que la otra Parte aporte o aumente el importe de: (a) una Carta de Crédito; (b) efectivo; u (c) otra garantía (incluyendo una garantía bancaria o reasonably acceptable to the Requesting Party (each a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three (3) Business Days provide to the Requesting Party the Performance Assurance required. de la matriz), en forma y cantidad razonablemente aceptable para la Parte Solicitante (cada una de ellas una "Garantía de Cumplimiento"). Tras la recepción de dicha notificación por escrito, la otra Parte proporcionará a la Parte Solicitante la Garantía de Cumplimiento requerida en el plazo de tres (3) Días hábiles.
Right to Require Performance Assurance. The following sentences are inserted at the end of § 17.1: Where Party A is entitled to require Performance Assurance from Party B, then in relation to all Individual Contracts where Party B is the Buyer, the (partial) amount of the Performance Assurance to be provided in relation to such Individual Contracts shall mirror 100 % of the unpaid amount which will in total need to be paid by Party B to Party A under the respective Individual Contract based on the Contract Price and the Contract Quantity, and the Performance Assurance shall be provided in accordance with the requirements for Credit Support Documents as described in § 16.2 to § 16.5, which shall apply mutatis mutandis. In deviation from the above, the amount of Performance Assurance to be provided in relation to an Individual Contracts where Party B is the Buyer shall mirror only 25 % of the unpaid amount which will in total need to be paid by Party B to Party A under the respective Individual Contract based on the Contract Price and the Contract Quantity, where Performance Assurance is to be provided by Party B due to a Material Adverse Chance in accordance with 17.2 (a), but Party B still has a minimum rating of BBB- (Standard & Poor’s), Baa3 (Moody’s), BBB- (Fitch) or comparable.
Right to Require Performance Assurance. In 17.1, the following sentence shall be added: “A Credit Support Provider or Provider of Performance Assurance that is a Bank must be a bank with its business seat within the European Union.”
Right to Require Performance Assurance. At any time and from time to time, when a Party (the "Requesting Party") believes in good faith that a Material Adverse Change has occurred in respect of the other Party, the Requesting Party shall be entitled to require, by written notice, that the other Party provide to it or increase in amount: (a) a Letter of Credit; (b) cash; or (c) other security (including a bank or parent guarantee), in a form, amount and from an entity which is reasonably acceptable to the
1. Prawo do Ŝądania Zabezpieczenia Wykonania Zobowiązań: W kaŜdym czasie, ilekroć jedna ze Stron („Strona śądająca”) uzna w dobrej wierze, Ŝe w stosunku do drugiej Strony wystąpiła Istotna Niekorzystna Zmiana, ▇▇▇▇ ▇▇▇ zaŜądać na piśmie ▇▇▇ ▇▇▇▇▇ Strona udzieliła zabezpieczenia w postaci: (a) Akredytywy, (b) środków pienięŜnych, lub (c) zabezpieczenia innego rodzaju (w tym na przykład gwarancji bankowej lub gwarancji spółki macierzystej), lub podwyŜszyła Requesting Party (each a "Performance Assurance"). Upon receipt of such written notice, the other Party shall within three BusinessDays provide to the Requesting Party the Performance Assurance required. For the avoidance of doubt, in the event that an entity providing Performance Assurance on behalf of a Party does not thereafter continue to be reasonably acceptable to the Requesting Party, the Requesting Party shall have the right to require the other Party to provide to it additional Performance Assurance in accordance herewith.
2. Material Adverse Change: A Material Adverse Change shall have occurred if any one or more of following events has occurred and is continuing in so far as such event is specified as applying to a Party in the Election Sheet: