Common use of Further Security Clause in Contracts

Further Security. If the credit rating of the issuer of any Financial Security, put in place by the Company in accordance with the requirements of this Connection Agreement, falls below the Approved Rating, Gas Networks Ireland may require the Company to replace such issuer with an entity possessing a credit rating which is equal to or exceeds the Approved Rating.

Further Security. If the credit rating of the issuer of any Financial Security, put in place by the Company in accordance with the requirements of this Connection Agreement, falls below the Approved Credit Rating, Gas Networks Ireland may shall be entitled to require the Company to replace such issuer with an entity possessing a credit rating which is equal to or exceeds the Approved Credit Rating.