We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Customer Deposits Clause in Contracts

Customer Deposits. (A) The Telephone Company will, in order to safeguard its interests, require a reseller, if the reseller has a proven history of late payments or if the reseller's parent or holding company has a proven history of late payments to the Telephone Company or if the reseller does not have established credit (except for a reseller which is a successor of a company which has established credit and the successor has no history of late payments to the Telephone Company), to make a deposit prior to or at any time after the provision of a service to the reseller to be held by the Telephone Company as a guarantee of the payment of rates and charges. (B) Such deposit may not exceed the actual or estimated rates and charges for the service for a two month period.

Appears in 4 contracts

Samples: Resale Service Agreement (Essential Com Inc), Resale Service Agreement (Essential Com Inc), Resale Service Agreement (Essential Com Inc)

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