Maintenance of Creditworthiness. If the Supplier’s creditworthiness lapses, in the Company’s sole and exclusive judgment, or if the Supplier’s established alternative arrangements terminate or become unsatisfactory, or if the amount of credit exposure exceeds the amount of the Supplier’s ULC or alternative credit arrangements (as defined in Appendices B1, B2 and B3), in the Company’s sole and exclusive judgment, the Company will provide written notice thereof to the Supplier and may, at its sole and exclusive discretion within three (3) days of such notice, continue to render service or elect to terminate this Agreement, subject to the Supplier’s right to dispute the Company’s determination before the Board or the FERC, as appropriate, as set forth below. The Company may condition the continuation of service hereunder on the establishment of new alternative arrangements, satisfactory to the Company in its sole and exclusive discretion. The Supplier shall have the right to submit to the Board or the FERC, as appropriate, for resolution any reasonable dispute regarding the Company’s requirements if the Supplier believes such a requirement is inappropriately based or assessed. Submission of such dispute to the Board or the FERC, as appropriate, shall extend the aforementioned three (3) day period for notice of termination, for a period of up to thirty (30) additional days, such that the Company shall have the right to terminate this Agreement upon written notice to the Supplier if the Board or the FERC does not issue a final order resolving the dispute within thirty (30) days of the date that the Supplier first submits the dispute to the Board or the FERC, as appropriate.
Maintenance of Creditworthiness. Upon notice of any material reduction in Trading Partner’s or its Credit Support Provider’s credit rating or financial condition, the Credit Department shall promptly adjust the Trading Partner’s or its Credit Support Provider’s status on electronic trading platforms and recommend adjustment of the existing Credit Limit(s) accordingly. In addition, the Credit Department will request from Debtor evidence of an acceptable credit rating or financial condition if necessary. If the Credit Department determines that Trading Partner or Credit Support Provider’s creditworthiness has materially reduced, the Credit Department may request additional Security commensurate with the change in creditworthiness in accordance with the terms and conditions of this Policy or any applicable agreement. If Debtor fails to comply with such request, the Credit Department shall cancel Trading Partner’s Credit Limit and consult with the Legal Department regarding appropriate action.
Maintenance of Creditworthiness
