Common use of Credit Approval and Deposits Clause in Contracts

Credit Approval and Deposits. Upon request, Customer shall provide FBL with credit information. FBL may require Customer to make a deposit as a condition of FBL’s acceptance of any Service or continuation of any Service where Customer fails to timely make any payment due hereunder or if FBL reasonably determines that Customer has had an adverse change in financial condition. Failure to comply with a request for deposit may result in Service suspension. Deposits will not exceed an amount equal to two (2) months of estimated Service charges and will be due upon Customer receipt of FBL’s written request. At FBL’s sole discretion, deposits collected may be credited to Customer’s account prior to or at discontinuation of Service and the balance, if any, will be refunded.

Credit Approval and Deposits. Upon request, Customer shall provide FBL with credit information. FBL may require Customer to make a deposit as a condition of FBL’s acceptance of any Service or continuation of any Service where Customer fails to timely make any payment due hereunder or if FBL reasonably determines that Customer has had an adverse change in financial condition. Failure to comply with a Section 3.5(iv) request for deposit may result in Service suspension. Deposits will not exceed an amount equal to two (2) months of estimated Service charges and will be due upon Customer receipt of FBL’s written request. At FBL’s sole discretion, deposits collected may be credited to Customer’s account prior to or at discontinuation of Service and the balance, if any, will be refunded.