Common use of Adequate Assurance Clause in Contracts

Adequate Assurance. (a) If, in the Transporter’s reasonable opinion, one or more events have occurred that have caused or will cause a material adverse change in the Shipper's financial standing or creditworthiness (or, if the Shipper's net financial obligations under this agreement have been fully guaranteed or otherwise secured, one or more events have occurred that in the Transporter’s reasonable opinion have caused or will cause a material adverse change in the financial standing or creditworthiness of the guarantor or other party providing such security (each a Guarantor)) in a matter and to an extent that materially and adversely affects the Shipper's ability to perform its financial or other obligations under this agreement, the Transporter may request in writing that the Shipper provide the Transporter with one of the following:

Adequate Assurance. (a) If, in the Transporter’s Service Providers' reasonable opinion, one or more events have occurred that have caused or will cause a material adverse change in the Shipper's financial standing or creditworthiness (or, if the Shipper's net financial obligations under this agreement document have been fully guaranteed or otherwise secured, one or more events have occurred that in the Transporter’s Service Providers' reasonable opinion have caused or will cause a material adverse change in the financial standing or creditworthiness of the guarantor or other party providing such security (each a Guarantor)) in a matter and to an extent that materially and adversely affects the Shipper's ability to perform its financial or other obligations under this agreementdocument, the Transporter Service Providers may request in writing that the Shipper provide the Transporter Service Providers with one of the following:

Adequate Assurance. (a) If, in the Transporter’s Service Providers' reasonable opinion, one or more events have occurred that have caused or will cause a material adverse change in the Shipper's financial standing or creditworthiness (or, if the Shipper's net financial obligations under this agreement document have been fully guaranteed or otherwise secured, one or more events have occurred that in the Transporter’s Service Providers' reasonable opinion have caused or will cause a material adverse change in the financial standing or creditworthiness of the guarantor or other party providing such security (each a Guarantor)) in a matter and to an extent that materially and adversely affects the Shipper's ability to perform its financial or other obligations under this agreementdocument, the Transporter Service Providers may request in writing that the Shipper provide the Transporter Service Providers with one of the following:following (at the Service Providers’ option):

Adequate Assurance. (a) If, in the Transporter’s Service Provider's reasonable opinion, one or more events have occurred that have caused or will cause a material adverse change in the Shipper's financial standing or creditworthiness (or, if the Shipper's net financial obligations under this agreement document have been fully guaranteed or otherwise secured, one or more events have occurred that in the Transporter’s Service Provider's reasonable opinion have caused or will cause a material adverse change in the financial standing or creditworthiness of the guarantor or other party providing such security (each a Guarantor)) in a matter and to an extent that materially and adversely affects the Shipper's ability to perform its financial or other obligations under this agreementdocument, the Transporter Service Provider may request in writing that the Shipper provide the Transporter Service Provider with one of the following:following (at the Service Provider’s option): an irrevocable and unconditional bank guarantee;

Adequate Assurance. (a) If, in the TransporterService Provider’s reasonable opinion, one or more events have occurred that have caused or will cause a material adverse change in the Shipper's financial standing or creditworthiness (or, if the Shipper's net financial obligations under this agreement document have been fully guaranteed or otherwise secured, one or more events have occurred that in the TransporterService Provider’s reasonable opinion have caused or will cause a material adverse change in the financial standing or creditworthiness of the guarantor or other party providing such security (each a Guarantor)) in a matter and to an extent that materially and adversely affects the Shipper's ability to perform its financial or other obligations under this agreementdocument, the Transporter Service Provider may request in writing that the Shipper provide the Transporter Service Provider with one of the following:following (at the Service Provider’s option):

Adequate Assurance. (a) If, in the Transporter’s Service Provider's reasonable opinion, one or more events have occurred that have caused or will cause a material adverse change in the Shipper's financial standing or creditworthiness (or, if the Shipper's net financial obligations under this agreement document have been fully guaranteed or otherwise secured, one or more events have occurred that in the Transporter’s Service Provider's reasonable opinion have caused or will cause a material adverse change in the financial standing or creditworthiness of the guarantor or other party providing such security (each a Guarantor)) in a matter and to an extent that materially and adversely affects the Shipper's ability to perform its financial or other obligations under this agreementdocument, the Transporter Service Provider may request in writing that the Shipper provide the Transporter Service Provider with one of the following:following (at the Service Provider’s option):