Common use of Credit, Payment and Collection Clause in Contracts

Credit, Payment and Collection. Your bill will be based on monthly meter readings provided to XOOM by your EDC. If there is an error in your meter reading, XOOM will adjust its bill to you upon your EDC providing a corrected meter reading to XOOM. This Agreement is contingent upon a satisfactory credit review and maintenance of good credit. If you do not meet our credit standards or cannot demonstrate satisfactory credit, XOOM Energy may require a deposit from you or may refuse to provide service. If a deposit is required, the amount shall be in compliance with any applicable Pennsylvania statute, regulation, or other controlling authority and will be requested prior to beginning service with XOOM Energy. XOOM Energy will apply any cash deposit held on your behalf plus any accrued interest as determined by any applicable Pennsylvania statute, regulation, or other controlling authority to the outstanding balance on your final bill, if applicable and any excess amount will be refunded to you. Any deposit you provide us will be held in your name in our records. We may apply any early termination fee to any deposit you have provided us. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. Your first bill payment will be due to the EDC on the date specified in the EDC bill. If you do not pay it on time, you could be subject to interest and late charges imposed by the EDC, and your service could be disconnected by the EDC. In all events, you shall remain obligated to pay for all electricity received by you and any interest, fees and penalties incurred by XOOM. You will also be responsible for all costs, including legal fees, associated with the collection of amounts owed to XOOM.

Credit, Payment and Collection. Your bill will be based on monthly meter readings provided to XOOM Energy by your EDCNGDC. If there is an error in your meter reading, XOOM Energy will adjust its bill to you upon your EDC NGDC providing a corrected meter reading to XOOMXOOM Energy. This Agreement is contingent upon a satisfactory credit review and maintenance of good credit. If you do not meet our credit standards or cannot demonstrate satisfactory credit, XOOM Energy may require a deposit from you or may refuse to provide service. If a deposit is required, the amount shall be in compliance with any applicable Pennsylvania statute, regulation, or other controlling authority and will be requested prior to beginning service with XOOM Energy. XOOM Energy will apply any cash deposit held on your behalf plus any accrued interest as determined by any applicable Pennsylvania statute, regulation, or other controlling authority to the outstanding balance on your final bill, if applicable and any excess amount will be refunded to you. Any deposit you provide us will be held in your name in our records. We may apply any early termination fee to any deposit you have provided us. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. Your first bill payment will be due to the EDC NGDC on the date specified in the EDC NGDC bill. If you do not pay it on time, you could be subject to interest and late charges imposed by the EDCNGDC, and your service could be disconnected by the EDCdisconnected. In all events, you shall remain obligated to pay for all electricity natural gas received by you and any interest, fees and penalties incurred by XOOMXOOM Energy. You will also be responsible for all costs, including legal fees, associated with the collection of amounts owed to XOOMXOOM Energy.