Common use of Assurance of Payment Clause in Contracts

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance of payment shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-payment, or a significant probability of a bankruptcy filing by Spectrotel. 6.3 Frontier may (but is not obligated to) draw on the assurance of payment upon notice to Spectrotel in respect of any amounts to be paid by Spectrotel hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance of payment, upon request by Frontier, Spectrotel shall provide a replacement or supplemental assurance of payment conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel has provided Frontier with such assurance of payment. 6.6 The fact that assurance of payment has been made in no way relieves Spectrotel prompt payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel defaults on its account, service to Spectrotel will be terminated and any assurance of payment held will be applied to its account.

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel DISH Wireless to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel DISH Wireless pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or an unconditional, irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance of payment shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel DISH Wireless in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-payment, or a significant probability of a bankruptcy filing by SpectrotelDISH Wireless. 6.3 Frontier may (but is not obligated to) draw on the assurance of payment upon notice to Spectrotel DISH Wireless in respect of any amounts to be paid by Spectrotel DISH Wireless hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance of payment, upon request by Frontier, Spectrotel DISH Wireless shall provide a replacement or supplemental assurance of payment conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel has provided Frontier with such assurance of payment.Agreement 6.6 The fact that assurance of payment a deposit has been made in no way relieves Spectrotel DISH Wireless from complying with Frontier’s regulations as to advance payments and the prompt payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel that DISH Wireless defaults on its account, service to Spectrotel DISH Wireless will be terminated and any assurance of payment deposits held will be applied to its account.

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel TCA to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel TCA pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance of payment shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel TCA in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-payment, or a significant probability of a bankruptcy filing by SpectrotelTCA. 6.3 Frontier may (but is not obligated to) draw on the assurance of payment upon notice to Spectrotel TCA in respect of any amounts to be paid by Spectrotel TCA hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance of payment, upon request by Frontier, Spectrotel TCA shall provide a replacement or supplemental assurance of payment conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel TCA has provided Frontier with such assurance of payment. 6.6 The fact that assurance of payment has been made in no way relieves Spectrotel prompt TCA from payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel TCA defaults on its account, service to Spectrotel TCA will be terminated and any assurance of payment held will be applied to its account.

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel CTSI to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel CTSI pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or an unconditional, irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance letter of payment credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel CTSI in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-non- payment, or a significant probability of a bankruptcy filing by SpectrotelCTSI. 6.3 Frontier may (but is not obligated to) draw on the assurance letter of payment credit upon notice to Spectrotel CTSI in respect of any amounts to be paid by Spectrotel CTSI hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance letter of paymentcredit, upon request by Frontier, Spectrotel CTSI shall provide a replacement or supplemental assurance letter of payment credit conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel CTSI has provided Frontier with such assurance of payment. 6.6 The fact that assurance of payment a deposit has been made in no way relieves Spectrotel CTSI from complying with Frontier’s regulations as to advance payments and the prompt payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel that CTSI defaults on its account, service to Spectrotel CTSI will be terminated and any assurance of payment deposits held will be applied to its account.

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel CTI to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel CTI pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance of payment shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel CTI in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-payment, or a significant probability of a bankruptcy filing by SpectrotelCTI. 6.3 Frontier may (but is not obligated to) draw on the assurance of payment upon notice to Spectrotel CTI in respect of any amounts to be paid by Spectrotel CTI hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance of payment, upon request by Frontier, Spectrotel CTI shall provide a replacement or supplemental assurance of payment conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel CTI has provided Frontier with such assurance of payment. 6.6 The fact that assurance of payment has been made in no way relieves Spectrotel prompt CTI from payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel CTI defaults on its account, service to Spectrotel CTI will be terminated and any assurance of payment held will be applied to its account.

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel WCL to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel WCL pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance of payment shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel WCL in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-payment, or a significant probability of a bankruptcy filing by SpectrotelWCL. 6.3 Frontier may (but is not obligated to) draw on the assurance of payment upon notice to Spectrotel WCL in respect of any amounts to be paid by Spectrotel WCL hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance of payment, upon request by Frontier, Spectrotel WCL shall provide a replacement or supplemental assurance of payment conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel WCL has provided Frontier with such assurance of payment. 6.6 The fact that assurance of payment has been made in no way relieves Spectrotel prompt WCL from payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel WCL defaults on its account, service to Spectrotel WCL will be terminated and any assurance of payment held will be applied to its account.

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel Band CLEC to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel Band CLEC pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance of payment shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel Band CLEC in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-payment, or a significant probability of a bankruptcy filing by SpectrotelBand CLEC. 6.3 Frontier may (but is not obligated to) draw on the assurance of payment upon notice to Spectrotel Band CLEC in respect of any amounts to be paid by Spectrotel Band CLEC hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance of payment, upon request by Frontier, Spectrotel Band CLEC shall provide a replacement or supplemental assurance of payment conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel Band CLEC has provided Frontier with such assurance of payment. 6.6 The fact that assurance of payment has been made in no way relieves Spectrotel Band CLEC the prompt payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel Band CLEC defaults on its account, service to Spectrotel Band CLEC will be terminated and any assurance of payment held will be applied to its account.

Assurance of Payment. 6.1 Frontier may, in order to safeguard its interest, require Spectrotel DISH Wireless to make a deposit to be held by Frontier as a guarantee of the payment of rates and charges, unless satisfactory credit has already been established. Any such deposit may be held during the continuance of the service as security for the payment of any and all amounts accruing for the service. A deposit will be returned with interest, at the Commission prescribed deposit rate, if and when Spectrotel DISH Wireless pays its undisputed bills on time for twenty-four (24) consecutive months. 6.2 Unless otherwise agreed by the Parties, the assurance of payment shall consist of a deposit or an unconditional, irrevocable standby letter of credit naming Frontier as the beneficiary thereof and otherwise in form and substance satisfactory to Frontier from a financial institution acceptable to Frontier. The assurance of payment shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Frontier, for the Services to be provided by Frontier to Spectrotel DISH Wireless in connection with this Agreement. Frontier reserves the right to increase the deposit requirements when, in its sole judgment, the conditions justify such action; such conditions include but are not limited to: current deposit does not cover two (2) months billing, history of late payment, or reconnection after disconnection for non-payment, or a significant probability of a bankruptcy filing by SpectrotelDISH Wireless. 6.3 Frontier may (but is not obligated to) draw on the assurance of payment upon notice to Spectrotel DISH Wireless in respect of any amounts to be paid by Spectrotel DISH Wireless hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.4 If Frontier draws on the assurance of payment, upon request by Frontier, Spectrotel DISH Wireless shall provide a replacement or supplemental assurance of payment conforming to the requirements of Section 6.2. 6.5 Notwithstanding anything else set forth in this Agreement, if Frontier makes a request for assurance of payment in accordance with the terms of this Section, then Frontier shall have no obligation thereafter to perform under this Agreement until such time as Spectrotel DISH Wireless has provided Frontier with such assurance of payment. 6.6 The fact that assurance of payment a deposit has been made in no way relieves Spectrotel DISH Wireless from complying with Frontier’s regulations as to advance payments and the prompt payment of bills on presentation nor, does it constitute a waiver or modification of the regular practices of Frontier providing for the discontinuance of service for non-payment of any sums due Frontier. 6.7 In the event Spectrotel that DISH Wireless defaults on its account, service to Spectrotel DISH Wireless will be terminated and any assurance of payment deposits held will be applied to its account.