Common use of Corrective Payment Clause in Contracts

Corrective Payment. In the event that -- 1. BellSouth and Reseller revise this Agreement pursuant to Section XVI.A, or 2. Reseller accepts a deemed offer of an Other Resale Agreement or Other Terms, then BellSouth or Reseller, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 2 contracts

Samples: Resale Agreement, Resale Agreement

AutoNDA by SimpleDocs

Corrective Payment. In the event that -- 1. BellSouth and Reseller revise this Agreement pursuant to Section XVI.A, or or 2. Reseller accepts a deemed offer of an Other Resale Agreement or Other Terms, then BellSouth or Reseller, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 1 contract

Samples: Resale Agreement (Onepoint Communications Corp /De)

Corrective Payment. In the event that --- 1. BellSouth and Reseller revise this Agreement pursuant to Section XVI.A, or 2. Reseller accepts a deemed offer of an Other Resale Agreement or Other Terms, then BellSouth or Reseller, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in the The Wall Street Journal.

Appears in 1 contract

Samples: Interconnection Agreement (Itc Deltacom Inc)

Corrective Payment. In the event that -- 1. BellSouth and Reseller Netel revise this Agreement pursuant to Section XVI.A, or 2. Reseller Netel accepts a deemed offer of an Other Resale Agreement or Other Terms, then BellSouth or ResellerNetel, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller Netel accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 1 contract

Samples: Resale Agreement

Corrective Payment. In the event that -- 1. BellSouth and Reseller Carrier revise this Agreement pursuant to Section XVI.AXXII.A, or 2. Reseller Carrier accepts a deemed offer of an Other Resale Agreement or Other TermsTerms pursuant to Section XXII.E, then BellSouth or ResellerCarrier, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller Carrier accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 1 contract

Samples: Interconnection Agreement

Corrective Payment. In the event that -- 1. BellSouth and Reseller ACCESS revise this Agreement pursuant to Section XVI.A, or 2. Reseller ACCESS accepts a deemed offer of an Other Resale Agreement or Other Terms, then BellSouth or ResellerACCESS, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller ACCESS accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 1 contract

Samples: Telecommunications

AutoNDA by SimpleDocs

Corrective Payment. In the event that -- 1. BellSouth and Reseller Annox revise this Agreement pursuant to Section XVI.A, or 2. Reseller Annox accepts a deemed offer of an Other Resale Agreement or Other Terms, then BellSouth or ResellerAnnox, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller Annox accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 1 contract

Samples: Resale Agreement

Corrective Payment. In the event that -- 1. BellSouth and Reseller revise this Agreement pursuant to Section XVI.A, or 2. Reseller accepts a deemed offer of an Other Resale Agreement or Other Terms, then BellSouth or Reseller, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-high- grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 1 contract

Samples: Resale Agreement

Corrective Payment. In the event that --- 1. BellSouth and Reseller Carrier revise this Agreement pursuant to Section XVI.AXXII.A, or 2. Reseller Carrier accepts a deemed offer of an Other Resale Agreement or Other TermsTerms pursuant to Section XXII.E, then BellSouth or ResellerCarrier, as applicable, shall make a corrective payment to the other party to correct for the difference between the rates set forth herein and the rates in such revised agreement or Other Terms for substantially similar services for the period from the effective date of such revised agreement or Other Terms until the date that the parties execute such revised agreement or Reseller Carrier accepts such Other Terms, plus simple interest at a rate equal to the thirty (30) day commercial paper rate for high-grade, unsecured notes sold through dealers by major corporations in multiples of $1,000.00 as regularly published in The Wall Street Journal.

Appears in 1 contract

Samples: Interconnection Agreement (Knology Holdings Inc /Ga)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!