Credit Verification; (For ALL Term Plan and Post Sample Clauses

Credit Verification; (For ALL Term Plan and Post. Paid Customers) Deposit: Based upon information supplied by Customer, GCSC may obtain credit information supplied by Customer from trade references and credit reporting agencies, or as GCSC deems necessary. Based on this information, and other information GCSC deems relevant to Customer's creditworthiness, including without limitation payment history and/or usage patterns, GCSC may require Customer to make a deposit as a payment guarantee and such deposit may be applied by GCSC towards any amount past due. GCSC may, in its sole discretion, require Customer to replenish the deposit from time to time as a condition of Customer continuing to receive service hereunder. Such deposit shall be subject to increase as GCSC deems necessary. GCSC will refund Customer's deposit (together with interest) calculated using the Bank of Canada's overnight rate in effect at such time, plus one percent, on the basis of the actual number of days in a year, accruing on a monthly basis within 30 calendar days after: (i) termination of service by either GCSC or the Customer or, (ii) after GCSC determines, in its sole discretion, that any conditions for the return of the deposit have been met. If GCSC refunds the deposit to Customer, said refund will be sent to Customer by first class mail to Customer's last known address. At GCSC's sole discretion, Customer may receive Globalstar Service prior to a credit review without waiving GCSC's right to demand a security deposit from Customer.
Sample 1
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Related to Credit Verification; (For ALL Term Plan and Post

  • Definitions For purposes of this Agreement:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • NOW, THEREFORE the parties hereto agree as follows:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

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