Common use of Deposit Policy Clause in Contracts

Deposit Policy. Phone Home 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 Phone Home from its obligation to make complete and timely payments of its xxxx. Phone Home 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 Phone Home ’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 Phone Home fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home may be terminated in accordance with the terms of Section 8.2 of this Attachment, and any security deposits will be applied to Phone Home 's account(s).

Appears in 1 contract

Samples: psc.ky.gov

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Deposit Policy. Phone Home Starlink 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 Phone Home Starlink from its obligation to make complete and timely payments of its xxxx. Phone Home Starlink 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 Phone Home Starlink ’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 Phone Home Starlink fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home Starlink may be terminated in accordance with the terms of Section 8.2 1.6 of this Attachment, and any security deposits will be applied to Phone Home Starlink 's account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Phone Home SPARDI 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 Phone Home SPARDI from its obligation to make complete and timely payments of its xxxx. Phone Home SPARDI 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 Phone Home ’s SPARDI‘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 Phone Home SPARDI fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home SPARDI may be terminated in accordance with the terms of Section 8.2 1.7 of this Attachment, and any security deposits will be applied to Phone Home 's SPARDI‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Phone Home Xxxx 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 Phone Home Xxxx from its obligation to make complete and timely payments of its xxxx. Phone Home Xxxx 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 Phone Home ’s Xxxx‘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 Phone Home Xxxx fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home Xxxx may be terminated in accordance with the terms of Section 8.2 1.7 of this Attachment, and any security deposits will be applied to Phone Home 's Xxxx‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Phone Home Excelink 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 Phone Home Excelink from its obligation to make complete and timely payments of its xxxx. Phone Home Excelink 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 Phone Home Excelink’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 Phone Home Excelink fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home Excelink may be terminated in accordance with the terms of Section 8.2 of this Attachment, and any security deposits will be applied to Phone Home Excelink 's account(s).

Appears in 1 contract

Samples: Agreement

Deposit Policy. Phone Home VMT 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 Phone Home VMT from its obligation to make complete and timely payments of its xxxx. Phone Home VMT 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 Phone Home ’s VMT‘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 Phone Home VMT fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home VMT may be terminated in accordance with the terms of Section 8.2 1.6 of this Attachment, and any security deposits will be applied to Phone Home 's VMT‘s account(s).. Version R3Q02: 09/22/02

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Phone Home Carilink 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 Phone Home Carilink from its obligation to make complete and timely payments of its xxxx. Phone Home Carilink 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 Phone Home Carilnk'’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 Phone Home Carilink fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home Carilink may be terminated in accordance with the terms of Section 8.2 of this Attachment, and any security deposits will be applied to Phone Home Carilink's account(s).

Appears in 1 contract

Samples: Resale Agreement

Deposit Policy. Phone Home Xxxx 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 Phone Home Xxxx from its obligation to make complete and timely payments of its xxxxbill. Phone Home Xxxx 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 Phone Home ’s Xxxx’x “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 Phone Home Xxxx fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home Xxxx may be terminated in accordance with the terms of Section 8.2 of this Attachment, and any security deposits will be applied to Phone Home 's Xxxx'x account(s).

Appears in 1 contract

Samples: Clec Agreement

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Deposit Policy. Phone Home BasicPhone 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 Phone Home BasicPhone from its obligation to make complete and timely payments of its xxxxbill. Phone Home BasicPhone 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 Phone Home ’s BasicPhone‘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 Phone Home BasicPhone fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home BasicPhone may be terminated in accordance with the terms of Section 8.2 1.6 of this Attachment, and any security deposits will be applied to Phone Home 's BasicPhone‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Phone Home Xxxx 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 Phone Home Xxxx from its obligation to make complete and timely payments of its xxxx. Phone Home Xxxx 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 Phone Home ’s Xxxx’x “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 Phone Home Xxxx fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home Xxxx may be terminated in accordance with the terms of Section 8.2 of this Attachment, and any security deposits will be applied to Phone Home 's Xxxx'x account(s).

Appears in 1 contract

Samples: Clec Agreement

Deposit Policy. Phone Home Carilink 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 Phone Home Carilink from its obligation to make complete and timely payments of its xxxxbill. Phone Home Carilink 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 Phone Home Carilnk'’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 Phone Home Xxxxxxxx fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home Carilink may be terminated in accordance with the terms of Section 8.2 of this Attachment, and any security deposits will be applied to Phone Home Xxxxxxxx's account(s).

Appears in 1 contract

Samples: Resale Agreement

Deposit Policy. Phone Home SPARDI 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 Phone Home SPARDI from its obligation to make complete and timely payments of its xxxxbill. Phone Home SPARDI 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 Phone Home ’s SPARDI‘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 Phone Home SPARDI fails to remit to BellSouth any deposit requested pursuant to this Section, service to Phone Home SPARDI may be terminated in accordance with the terms of Section 8.2 1.7 of this Attachment, and any security deposits will be applied to Phone Home 's SPARDI‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

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