Examples of Credit Requirements in a sentence
In the event the Project Development Security is provided by a guarantor, Seller or the entity providing the guaranty must provide within fifteen (15) Business Days from receipt of a written request from Utility all reasonable financial records necessary for Utility to confirm the guarantor satisfies the Credit Requirements.
Seller must provide security as provided below if it does not meet the Credit Requirements at any time during the Term of this Agreement.
Logo and Credit Requirements Contractor agrees that it will recognize the support of Fulton County by using FCAC logo and accompanying credit line in all press releases, advertisements, web site, videos, programs, playbills, brochures, reports, catalogues, and any other promotional, publicity, programmatic or advertising materials produced in printed, broadcast and electronic formats, for the contracted services described in Section I above.
In either case, the Project Development Security must be in the form of either (a) a guaranty from a party that satisfies the Credit Requirements, in a form acceptable to Utility in its reasonable discretion, (b) a Letter of Credit in favor of Utility, in a form acceptable to Utility in its reasonable discretion, or (c) cash escrow with a Qualified Institution.
The Utility shall make such request for financial information by writing and may make such requests no more frequently than once per Contract Year or upon occurrence of circumstances that provide the Utility with good cause to believe that Seller no longer meets the Credit Requirements, Seller shall have thirty (30) days after the Utility’s written request to provide the financial information.