Credit and Security. 5.1.1 No security is required if the total notional dollar value of this Agreement is less than $500,000, or if Buyer determines that REC Supplier or REC Supplier’s guarantor has a credit rating or creditworthiness sufficient to provide the credit required to support this Agreement. If REC Supplier or REC Supplier’s Guarantor is not rated by a nationally recognized credit rating organization, Buyer will perform a creditworthiness assessment to determine if the REC Supplier or REC Supplier’s Guarantor will be required to post credit security.
Appears in 5 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
