Common use of Creditworthiness Clause in Contracts

Creditworthiness. For the purpose of determining the ability of the Customer to meet its obligations related to service hereunder, the Central ▇▇▇▇▇▇ may require reasonable credit review procedures. This review shall be made in accordance with standard commercial practices. In addition, Central ▇▇▇▇▇▇ may require the Customer to provide and maintain in effect during the term of the Service Agreement, an unconditional and irrevocable letter of credit as security to meet its responsibilities and obligations under the Tariff, or an alternative form of security proposed by the Customer and acceptable to Central ▇▇▇▇▇▇ and consistent with commercial practices established by the Uniform Commercial Code that protects the Central ▇▇▇▇▇▇ against the risk of non-payment. Customer shall not be obligated to provide a security deposit solely in connection with service under this Agreement, but shall comply with the requirements set forth in General Rule 17 of Central ▇▇▇▇▇▇’▇ PSC No. 15 for creditworthiness and security deposits.