Common use of Deposit Policy Clause in Contracts

Deposit Policy. Max-Tel shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its xxxx. Max-Tel shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Max-Tel 's account(s).

Appears in 2 contracts

Samples: General Terms and Conditions, General Terms and Conditions

AutoNDA by SimpleDocs

Deposit Policy. Max-Tel CoStreet shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel CoStreet from its obligation to make complete and timely payments of its xxxxbill. Max-Tel CoStreet shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel CoStreet’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel CoStreet fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel CoStreet may be terminated in accordance with the terms of Section 1.6 4.5 of this Attachment, and any security deposits will be applied to Max-Tel CoStreet's account(s). In the event CoStreet defaults on its account, service to CoStreet will be terminated and any security deposits will be applied to CoStreet’s account.

Appears in 2 contracts

Samples: Agreement, Agreement

Deposit Policy. Max-Tel ALLTEL shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel ALLTEL from its obligation to make complete and timely payments of its xxxx. Max-Tel ALLTEL shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ALLTEL’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel ALLTEL fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel ALLTEL may be terminated in accordance with the terms of Section 1.6 4.5 of this Attachment, and any security deposits will be applied to Max-Tel ALLTEL's account(s). In the event ALLTEL defaults on its account, service to ALLTEL will be terminated and any security deposits will be applied to ALLTEL’s account.

Appears in 1 contract

Samples: Connect Agreement

Deposit Policy. Max-Tel Freedom Communications shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by Freedom Communications. Any such security deposit shall in no way release Max-Tel Freedom Communications from its obligation to make complete and timely payments of its xxxx. Max-Tel Freedom Communications shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel Freedom Communications’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Freedom Communications fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Freedom Communications may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel Freedom Communications's account(s). In the event Freedom Communications defaults on its account, service to Freedom Communications will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Freedom Communications’s account.

Appears in 1 contract

Samples: psc.ky.gov

Deposit Policy. Max-Tel Paramount shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by Paramount. Any such security deposit shall in no way release Max-Tel Paramount from its obligation to make complete and timely payments of its xxxxbill. Max-Tel Paramount shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel Paramount’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Paramount fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Paramount may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel Paramount's account(s).. In the event Paramount defaults on its account, service to Paramount will be terminated in accordance with the terms of Section

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. MaxMy-Tel shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by My-Tel. Any such security deposit shall in no way release MaxMy-Tel from its obligation to make complete and timely payments of its xxxxbill. MaxMy-Tel shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1UCC- 1) security interest in MaxMy-Tel Tel’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event MaxMy-Tel fails to remit to BellSouth any deposit requested pursuant to this Section, service to MaxMy-Tel may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to MaxMy-Tel Tel's account(s). In the event My-Tel defaults on its account, service to My-Tel will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to My-Tel’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel The Phone Connection shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by The Phone Connection. Any such security deposit shall in no way release Max-Tel The Phone Connection from its obligation to make complete and timely payments of its xxxx. Max-Tel The Phone Connection shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel The Phone Connection’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel The Phone Connection fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel The Phone Connection may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel The Phone Connection's account(s). In the event The Phone Connection defaults on its account, service to The Phone Connection will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to The Phone Connection’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel ALLTEL shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel ALLTEL from its obligation to make complete and timely payments of its xxxxbill. Max-Tel ALLTEL shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ALLTEL’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel ALLTEL fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel ALLTEL may be terminated in accordance with the terms of Section 1.6 4.5 of this Attachment, and any security deposits will be applied to Max-Tel ALLTEL's account(s). In the event ALLTEL defaults on its account, service to ALLTEL will be terminated and any security deposits will be applied to ALLTEL’s account.

Appears in 1 contract

Samples: Connect Agreement

Deposit Policy. Max-Tel AllSouth Phone shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by AllSouth Phone. Any such security deposit shall in no way release Max-Tel AllSouth Phone from its obligation to make complete and timely payments of its xxxx. Max-Tel AllSouth Phone shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel AllSouth Phone’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel AllSouth Phone fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel AllSouth Phone may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel AllSouth Phone's account(s). In the event AllSouth Phone defaults on its account, service to AllSouth Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to AllSouth Phone’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel Colmena Corp. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel Colmena Corp. from its obligation to make complete and timely payments of its xxxxbill. Max-Tel Colmena Corp. shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1UCC- 1) security interest in Max-Tel Colmena Corp.’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Colmena Corp. fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Colmena Corp. may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Max-Tel Colmena Corp.'s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel TeleConex shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel TeleConex from its obligation to make complete and timely payments of its xxxxbill. Max-Tel TeleConex shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel TeleConex’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel TeleConex fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel TeleConex may be terminated in accordance with the terms of Section 1.6 of this Attachmentterminated, and any security deposits will be applied to Max-Tel 's TeleConex’s account(s). In the event that TeleConex defaults on its account, service to TeleConex will be terminated, and any security deposits held will be applied to its account.

Appears in 1 contract

Samples: Clec Agreement

Deposit Policy. Max-Tel CBX Communications shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel CBX Communications from its obligation to make complete and timely payments of its xxxx. Max-Tel CBX Communications shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ’s CBX Communications “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel CBX Communications fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel CBX Communications may be terminated in accordance with the terms of Section 1.6 8.2 of this Attachment, and any security deposits will be applied to Max-Tel 's CBX Communications' account(s).

Appears in 1 contract

Samples: psc.ky.gov

Deposit Policy. Max-Tel QuantumShift shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by QuantumShift. Any such security deposit shall in no way release Max-Tel QuantumShift from its obligation to make complete and timely payments of its xxxx. Max-Tel QuantumShift shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel QuantumShift’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel QuantumShift fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel QuantumShift may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel QuantumShift's account(s). In the event QuantumShift defaults on its account, service to QuantumShift will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to QuantumShift’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel Quality Telephone shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by Quality Telephone. Any such security deposit shall in no way release Max-Tel Quality Telephone from its obligation to make complete and timely payments of its xxxx. Max-Tel Quality Telephone shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel Quality Telephone’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Quality Telephone fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Quality Telephone may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel Quality Telephone's account(s). In the event Quality Telephone defaults on its account, service to Quality Telephone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Quality Telephone’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel Universal Telecom, Inc shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel Universal Telecom, Inc from its obligation to make complete and timely payments of its xxxx. Max-Tel Universal Telecom, Inc shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ’s Universal Telecom, Inc‘s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Universal Telecom, Inc fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Universal Version R2Q02: 06/3/02 Telecom, Inc may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Max-Tel 's Universal Telecom, Inc‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel MYLINETOO shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by MYLINETOO. Any such security deposit shall in no way release Max-Tel MYLINETOO from its obligation to make complete and timely payments of its xxxx. Max-Tel MYLINETOO shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel MYLINETOO’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel MYLINETOO fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel MYLINETOO may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel MYLINETOO's account(s). In the event MYLINETOO defaults on its account, service to MYLINETOO will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to MYLINETOO’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel Line 1 shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel Line 1 from its obligation to make complete and timely payments of its xxxx. Max-Tel Line 1 shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel Line 1’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Line 1 fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Line 1 may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel Line 1's account(s). In the event Line 1 defaults on its account, service to Line 1 will be terminated and any security deposits will be applied to Line 1’s account.

Appears in 1 contract

Samples: psc.ky.gov

AutoNDA by SimpleDocs

Deposit Policy. Max-Tel CoStreet shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel CoStreet from its obligation to make complete and timely payments of its xxxxbill. Max-Tel CoStreet shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel CoStreet’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel CoStreet fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel CoStreet may be terminated in accordance with the terms of Section 1.6 4.5 of this Attachment, and any security deposits will be applied to Max-Tel CoStreet's account(s). In the event CoStreet defaults on its account, service to CoStreet will be terminated and any security deposits will be applied to CoStreet’s account.

Appears in 1 contract

Samples: Agreement

Deposit Policy. Max-Tel BSE shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel BSE from its obligation to make complete and timely payments of its xxxx. Max-Tel BSE shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel BSE’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel BSE fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel BSE may be terminated in accordance with the terms of Section 1.6 8 of this Attachment, and any security deposits will be applied to Max-Tel BSE's account(s). In the event that BSE defaults on its account, service to BSE will be terminated and any security deposits will be applied to BSE’s account(s).

Appears in 1 contract

Samples: Clec Agreement

Deposit Policy. Max-Tel REI Communications shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel REI Communications from its obligation to make complete and timely payments of its xxxx. Max-Tel REI Communications shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ’s REI Communications’ “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel REI Communications fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel REI Communications may be terminated in accordance with the terms of Section 1.6 8.2 of this Attachment, and any security deposits will be applied to Max-Tel 's REI Communications' account(s).

Appears in 1 contract

Samples: psc.ky.gov

Deposit Policy. Max-Tel Direct Telephone shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel Direct Telephone from its obligation to make complete and timely payments of its xxxxbill. Max-Tel Direct Telephone shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ’s Direct Telephone‘s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Direct Telephone fails to remit to BellSouth any deposit Version R3Q02: 09/22/02 requested pursuant to this Section, service to Max-Tel Direct Telephone may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Max-Tel 's Direct Telephone‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel Down Home Telephone shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel Down Home Telephone from its obligation to make complete and timely payments of its xxxx. Max-Tel Down Home Telephone shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ’s Down Home Telephone‘s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Down Home Telephone fails to remit to BellSouth any deposit requested pursuant to this Section, service Version R2Q02: 06/3/02 to Max-Tel Down Home Telephone may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Max-Tel 's Down Home Telephone‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel Telephone One shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by Telephone One. Any such security deposit shall in no way release Max-Tel Telephone One from its obligation to make complete and timely payments of its xxxx. Max-Tel Telephone One shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel Telephone One’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Telephone One fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Telephone One may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel Telephone One's account(s). In the event Telephone One defaults on its account, service to Telephone One will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Telephone One’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel E2 shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable Version R1Q03: 03/04/03 form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by E2. Any such security deposit shall in no way release Max-Tel E2 from its obligation to make complete and timely payments of its xxxx. Max-Tel E2 shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel E2’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel E2 fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel E2 may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Max-Tel E2's account(s). In the event E2 defaults on its account, service to E2 will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to E2’s account.

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel Qwest shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel Qwest from its obligation to make complete and timely payments of its xxxx. Max-Tel Qwest shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel Qwest’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Qwest fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Qwest may be terminated in accordance with the terms of Section 1.6 4.5 of this Attachment, and any security deposits will be applied to Max-Tel Qwest's account(s). In the event Qwest defaults on its account, service to Qwest will be terminated and any security deposits will be applied to Qwest’s account.

Appears in 1 contract

Samples: Connect Agreement

Deposit Policy. Max-Tel Universal Telecom, Inc shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel Universal Telecom, Inc from its obligation to make complete and timely payments of its xxxxbill. Max-Tel Universal Telecom, Inc shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel ’s Universal Telecom, Inc‘s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel Universal Telecom, Inc fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Universal Version R2Q02: 06/3/02 Telecom, Inc may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Max-Tel 's Universal Telecom, Inc‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Max-Tel CoStreet shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Max-Tel CoStreet from its obligation to make complete and timely payments of its xxxx. Max-Tel CoStreet shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Max-Tel CoStreet’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel CoStreet fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel CoStreet may be terminated in accordance with the terms of Section 1.6 4.5 of this Attachment, and any security deposits will be applied to Max-Tel CoStreet's account(s). In the event CoStreet defaults on its account, service to CoStreet will be terminated and any security deposits will be applied to CoStreet’s account.

Appears in 1 contract

Samples: Agreement

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