Common use of Creditworthiness Clause in Contracts

Creditworthiness. (a) At any time during the Term, the Service Provider may request in writing, and if so requested the Shipper must provide: its most recent audited financial statements (or if the Service Provider acting reasonably so requests, the Shipper will also provide its most recent unaudited financial statements); evidence of either or both of debt ratings and corporate credit ratings; and other information that the Service Provider reasonably requests to establish or confirm the Shipper's creditworthiness. (b) All information the Shipper provides for credit evaluation purposes will be used by the Service Provider solely for this purpose and subject to clause 30.3, will be held in confidence. (c) The Service Provider will establish credit limits based on the level of requested Service and the Shipper's creditworthiness as established by the Service Provider's analysis of the Shipper's financial strength, taking into consideration (but in no way limited to) analysis of three (3) years of the Shipper's audited financial statements demonstrating adequate financial strength to justify the amount of the credit the Service Provider is to extend to the Shipper. (d) If in the reasonable opinion of the Service Provider the Shipper fails to establish or confirm the Shipper’s creditworthiness for the Term within 7 days of the Service Provider’s request, the Service Provider may require security in a form specified in clause 21.3(a)(i), (ii), (iii), (iv) or (v), and the Shipper will promptly provide such security.

Creditworthiness. (a) At any time during the Term, the Service Provider may request in writingwriting and, and if so requested requested, the Shipper must provide: : (i) its most recent audited financial statements (or if the Service Provider acting reasonably so requests, the Shipper will also provide its most recent unaudited financial statements); ; (ii) evidence of either or both of debt ratings and corporate credit ratings; and and (iii) other information that the Service Provider reasonably requests to establish or confirm the Shipper's creditworthiness. (b) All information the Shipper provides for credit evaluation purposes will be used by the Service Provider solely for this purpose and and, subject to clause 30.3, will be held in confidence. (c) The Service Provider will establish credit limits based on the level of requested Service and the Shipper's creditworthiness as established by the Service Provider's analysis of the Shipper's financial strength, taking into consideration (but in no way limited to) analysis of three (3) years Years of the Shipper's audited financial statements demonstrating adequate financial strength to justify the amount of the credit the Service Provider is to extend to the Shipper. (d) If If, in the reasonable opinion of the Service Provider Provider, the Shipper fails to establish or confirm the Shipper’s creditworthiness for the Term within 7 days of the Service Provider’s request, the Service Provider may require security in a form specified in clause clauses 21.3(a)(i), (ii), (iii), (iv) or (v), and the Shipper will promptly provide such security.

Creditworthiness. ‌ (a) At any time during the Term, the Service Provider may request in writingwriting and, and if so requested requested, the Shipper must provide: : (i) its most recent audited financial statements (or if the Service Provider acting reasonably so requests, the Shipper will also provide its most recent unaudited financial statements); ; (ii) evidence of either or both of debt ratings and corporate credit ratings; and and (iii) other information that the Service Provider reasonably requests to establish or confirm the Shipper's creditworthiness. (b) All information the Shipper provides for credit evaluation purposes will be used by the Service Provider solely for this purpose and and, subject to clause 30.3, will be held in confidence. (c) The Service Provider will establish credit limits based on the level of requested Service and the Shipper's creditworthiness as established by the Service Provider's analysis of the Shipper's financial strength, taking into consideration (but in no way limited to) analysis of three (3) years Years of the Shipper's audited financial statements demonstrating adequate financial strength to justify the amount of the credit the Service Provider is to extend to the Shipper. (d) If If, in the reasonable opinion of the Service Provider Provider, the Shipper fails to establish or confirm the Shipper’s creditworthiness for the Term within 7 days of the Service Provider’s request, the Service Provider may require security in a form specified in clause clauses 21.3(a)(i), (ii), (iii), (iv) or (v), and the Shipper will promptly provide such security.

Creditworthiness. (a) At any time during the Term, the Service Provider Providers may request in writing, and if so requested the Shipper must provide: : (i) its most recent audited financial statements (or if the Service Provider acting reasonably Providers so requests, the Shipper will also provide its most recent unaudited financial statements); ; (ii) evidence of either or both of debt ratings and corporate credit ratings; and and (iii) other information that the Service Provider reasonably requests Providers request to establish or confirm the Shipper's creditworthiness. (b) All information the Shipper provides for credit evaluation purposes will be used by the Service Provider Providers solely for this purpose and subject to clause 30.328.3, will be held in confidence. (c) The Service Provider Providers will establish credit limits based on the level of requested Service and the Shipper's creditworthiness as established by the Service Provider's Providers' analysis of the Shipper's financial strength, taking into consideration (but in no way limited to) analysis of three (3) years of the Shipper's audited financial statements demonstrating adequate financial strength to justify the amount of the credit the Service Provider Providers is to extend to the Shipper. (d) If in the reasonable opinion of the Service Provider the Shipper fails to establish or confirm the Shipper’s creditworthiness for the Term within 7 days of the Service Provider’s Providers’ request, the Service Provider Providers may require security in a form specified in clause 21.3(a)(iclauses 20.3(a)(i), (ii), (iii), (iv) or (v), and the Shipper will promptly provide such security.