Common use of Network User Clause in Contracts

Network User. to notify Distributor of changes affecting security: The Network User will immediately notify the Distributor if any of the following occurs: (a) the Network User no longer carries an acceptable credit rating; or (b) the Network User has complied with prudential requirements by arranging for a third party to provide security in accordance with clause 1.1(c), and the Network User learns that the third party no longer carries an acceptable credit rating; or (c) the Network User has reasonable cause to believe that its financial position is likely to be materially adversely impaired such that its ability to pay for Services will be affected. Any information provided by the Network User to the Distributor under this clause 1.11 will be Confidential Information.

Network User. to notify Distributor of changes affecting security: The Network User will immediately notify the Distributor if any of the following occurs: (a) the Network User no longer carries an acceptable credit rating; or (b) the Network User has complied with prudential requirements by arranging for a third party to provide security in accordance with clause 1.1(c1.1(b), and the Network User learns that the third party no longer carries an acceptable credit rating; or (c) the Network User has reasonable cause to believe that its financial position is likely to be materially adversely impaired such that its ability to pay for Services will be affected. Any information provided by the Network User to the Distributor under this clause 1.11 will be Confidential Information.