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 local utility. If there is an error in your meter reading, XOOM will adjust its bill to you upon your local utility providing a corrected meter reading to XOOM. This Agreement is contingent upon a satisfactory credit review and maintenance of good credit and may require a deposit. If you do not meet our credit standards or cannot demonstrate satisfactory credit, XOOM 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 Rhode Island statute, regulation, or other controlling authority and will be requested prior to beginning service with XOOM. XOOM will apply interest to the deposit at the rate required by applicable Rhode Island statute, regulation, or other controlling authority. XOOM will apply any cash deposit held on your behalf plus any accrued interest as determined by any applicable Rhode Island 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 do not plan to begin any bankruptcy proceedings. The charge for XOOM’s purchases of electricity will be included on your local utility bill and will be due on the date specified in the local utility bill. XOOM separately bills you directly for: (i) XOOM charges not paid by their due date are subject to a late payment fee at the greater of the rate of 1.5%, or the maximum permitted by law, based on your total outstanding balance per month; and (ii) Thirty-Five Dollar ( $35) return check fee for all returned checks. XOOM may terminate this Agreement with ten (10) days written notice for non-payment. XOOM may not physically cut off your electric service, which will be provided by your local utility. 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. To enroll on a budget billing plan, please contact your local utility.

Credit, Payment and Collection. You will receive one bill each month from your local utility. Your bill will include both your local utility’s charges and XOOM’s supply charges, and will be based on monthly meter readings provided to XOOM by your local utility. If there is an error in your meter reading, XOOM will adjust its bill to you upon your local utility providing a corrected meter reading to XOOM. This Agreement is contingent upon a satisfactory credit review and maintenance of good credit and may require a depositcredit. If you do not meet our credit standards or cannot demonstrate satisfactory credit, XOOM 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 Rhode Island Delaware statute, regulation, or other controlling authority and will be requested prior to beginning service with XOOM. XOOM will apply interest to the deposit at the rate required by applicable Rhode Island statute, regulation, or other controlling authority. XOOM will apply any cash deposit held on your behalf plus any accrued interest as determined by any applicable Rhode Island Delaware 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 recover any early termination fee to Cost Recovery Fee from any deposit you have provided to 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 filing, and do not plan to begin any bankruptcy proceedings. The charge for XOOM’s purchases of electricity will be included on your local utility bill and will be due on the date specified in the local utility bill. XOOM separately bills you directly for: (i) XOOM charges Bills not paid by their due date are subject to a late payment fee at the greater of the rate of 1.5%, or the maximum permitted by law, based on your total outstanding balance per month; and (ii) Thirty-Five Dollar ( . XOOM Energy will charge a $35) 35 return check fee for all returned checks. XOOM Energy may terminate this Agreement with ten thirty (1030) days written notice for non-payment. XOOM may not physically cut off your electric service, which will be provided by your local utility. 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. To enroll on a budget billing plan, please contact your local utility.