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). 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 2 contracts

Samples: Clec Agreement, Clec Agreement

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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. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Resale 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. 1.7.1 15. The fact that a security deposit has been made Parties shall delete Sections 2 and 3 of Attachment 9 of the Interconnection Agreement and in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit lieu thereof shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01substitute the following:

Appears in 1 contract

Samples: Clec Agreement

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. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Clec Agreement

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. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Clec Agreement

Deposit Policy. Max-Tel Electronic Telco 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 Electronic Telco from its obligation to make complete and timely payments of its xxxx. Max-Tel Electronic Telco 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 Electronic Telco’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 Electronic Telco fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Electronic Telco 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 Electronic Telco's account(s).. Version R3Q01: 12/01/01 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel Electronic Telco from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel Electronic Telco from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Clec Agreement

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). 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel Down Home Telephone from complying with BellSouth's regulations as to advance payments. 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 bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Clec Agreement

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. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Resale 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). 1.7.1 6.6.1 The fact that a security deposit has been made in no way relieves Max-Tel REI Communications from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel REI Communications from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Resale Agreement

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 xxxx. MaxMy-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-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). 1.7.1 The fact that a security deposit has been made in no way relieves Max. In the event My-Tel from complying with BellSouth's regulations as defaults on its account, service to advance payments. Any such security deposit shall in no way release MaxMy-Tel from its obligation will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to make complete and timely payments of its bills. Version R3Q01: 12/01/01My-Tel’s account.

Appears in 1 contract

Samples: Resale Agreement

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). 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel Colmena Corp. from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel Colmena Corp. from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Clec Agreement

Deposit Policy. Max-Tel Express 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 security. Any such security deposit shall in no way release Max-Tel Express Connection from its obligation to make complete and timely payments of its xxxx. Max-Tel Express 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 Express 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 Express Connection fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Express Connection may be Version R3Q01: 12/01/01 terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Max-Tel Express Connection's account(s). 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel Express Connection from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel Express Connection from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

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). 1.7.1 6.6.1 The fact that a security deposit has been made in no way relieves Max-Tel CBX Communications from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel CBX Communications from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Resale Agreement

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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. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Clec Agreement

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). 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel Direct Telephone from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel Direct Telephone from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Clec Agreement

Deposit Policy. Max-Tel Cable & Wireless 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 Cable & Wireless from its obligation to make complete and timely payments of its xxxx. Max-Tel Cable & Wireless 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 Cable & Wireless’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 Cable & Wireless fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel Cable & Wireless 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 Cable & Wireless's account(s). In the event Cable & Wireless defaults on its account, service to Cable & Wireless will be terminated and any security deposits will be applied to Cable & Wireless’s account. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Cross Connect Agreement

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. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Bellsouth/Clec Agreement

Deposit Policy. MaxA-Tel Tech Telecom 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 MaxA-Tel Tech Telecom from its obligation to make complete and timely payments of its xxxx. MaxA-Tel Tech Telecom 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 MaxA-Tel ’s Tech Telecom‘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 MaxA-Tel Tech Telecom fails to remit to BellSouth any deposit requested pursuant to this Section, service to MaxA-Tel Tech Telecom may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to MaxA-Tel 's Tech Telecom‘s account(s). 1.7.1 The fact that a security deposit has been made in no way relieves MaxA-Tel Tech Telecom from complying with BellSouth's regulations as to advance payments. Any such Version R2Q02: 06/3/02 security deposit shall in no way release MaxA-Tel Tech Telecom from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Clec Agreement

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. 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01

Appears in 1 contract

Samples: Cross Connect Agreement

Deposit Policy. Max-Tel XxxxXxxXXX.xxx, 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 XxxxXxxXXX.xxx, Inc. from its obligation to make complete and timely payments of its xxxxbill. Max-Tel XxxxXxxXXX.xxx, 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 XxxxXxxXXX.xxx, 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 Version R3Q01: 12/01/01 collected under this Section shall not exceed two months' estimated billing. In the event Max-Tel XxxxXxxXXX.xxx, Inc. fails to remit to BellSouth any deposit requested pursuant to this Section, service to Max-Tel XxxxXxxXXX.xxx, 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 XxxxXxxXXX.xxx, Inc.'s account(s). 1.7.1 The fact that a security deposit has been made in no way relieves Max-Tel XxxxXxxXXX.xxx, Inc. from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release Max-Tel XxxxXxxXXX.xxx, Inc. from its obligation to make complete and timely payments of its bills. Version R3Q01: 12/01/01.

Appears in 1 contract

Samples: Clec Agreement

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