Credit Requirement. Students must enroll and maintain a minimum of 12 credits per semester in order to qualify for residential housing. Exceptions are made by the Assistant Director of Residence Life - Housing on an individual basis for any student who is enrolled in less than 12 credits.
Credit Requirement. You authorize Company to obtain and review your credit history. If you fail to meet Company credit criteria, you understand that Company may refuse or terminate Service, or provide a substitute product. You may be required to promptly provide Credit Enhancements to continue Service if there is a deterioration in your credit rating or a Usage Increase.
Credit Requirement. Students must enroll & maintain a minimum of 12 credits per semester in order to live in campus housing. Senior students who need to take less than 12 credits in order to graduate may live on- campus for their final semester with the expectation that seniors with a lighter academic load will not cause a distraction for other students. Other exceptions are made by the Assistant Director of Residence Life - Housing on an individual basis for any student who is enrolled in less than 12 credits.
Credit Requirement. (a) IDT recognizes and agrees that the BP Parties’ credit exposure to IDT with respect to outstanding Transactions entered into under the EEI Agreement, NAESB Agreement or ISDA Agreement herewith, is governed by this Agreement, the Master Netting Agreement and the Security Documents for managing xxxx-to-market exposures.
Credit Requirement. On the Effective Date of this Agreement and continuing until thirty (30) days following Supplier’s last Service Date, Supplier shall provide the ISO with one or more letters of credit in a total amount equal to $***, calculated as one sixth (1/6) of the monthly Contract ICAP Price multiplied by the monthly Committed Capacity Amount and summed over from the first twelve months after the first Proposed Service Date (the “Credit Amount”), which letter(s) of credit will be substantially in the form specified in the Financial Assurance Policy for NEPOOL Members set forth in the NEPOOL Tariff issued by one or more domestic or foreign banks whose long term debt is rated at least A- or the equivalent by Standard and Poor’s or Xxxxx’x Investor Services, Inc., modified as necessary to provide the ISO with authority to draw against such letter(s) of credit for the amount of any liquidated damages assessed under this Agreement. When the LRP Resource demonstrates the level of its ICAP Credit Amount for purposes of Section 2.5.2, and any liquidated damages for any failure of such LRP Resource to meet the Committed Capacity Amount have been assessed by the ISO and paid by the Supplier, the amount of the letter or letters of credit provided pursuant to this Section 2.4 shall be reduced by an amount equal to the quotient of ***.
Credit Requirement. Permit the Borrowing Base to be less than the Credit Requirement.
Credit Requirement. Contractor shall meet the requirements of any one or more of clause (i), clause (ii) or clause (iii) below: (i) Contractor maintains a senior unsecured debt rating from Standard & Poor’s of BBB or better; (ii) if Contractor has no debt rating, Contractor meets ALL of the following credit standards: a) tangible net worth equal to the projected maximum exposure under this Contract and positive earnings and working capital for the preceding 12 months, b) no change in the condition of its earnings, net worth, or working capital over the last 24 months which would reasonably be anticipated to impair the Contractor’s ability to meet its obligations under this Contract, and c) Contractor is not in default under any of its other agreements and is current on all of its financial obligations, or (iii) Contractor posts security pursuant to Article 30 Security Requirements below. If requested by Company, Contractor shall within thirty (30) days of each request provide Company with copies of its most recent annual and quarterly financial statements prepared in accordance with generally accepted accounting principles.
Credit Requirement. Unless Seller has adopted the creditworthiness warranties contained in Section 8.1, Seller shall provide Default Security to PacifiCorp in the form of a cash escrow or Letter of Credit.
Credit Requirement. A. All non-life-certificated teachers are required to obtain a minimum of 125 clock hours over a 5-year period.
Credit Requirement. Resident must enroll & maintain a minimum of 12 credits per semester in order to live in campus housing for the fall semester of the 2021-2022 academic year. Senior students who need to take less than 12 credits in order to graduate may live on-campus for their final semester with the expectation that seniors with a lighter academic load will not cause a distraction for other students. Resident may continue to occupy the space until the end of the 2021-2022 academic year even though it is anticipated that Resident will graduate in December 2021.
