Deposit Policy. Aspire shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit condition. 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 proposed by Aspire. Any such security deposit shall in no way release Aspire from its obligation to make complete and timely payments of its xxxx. Aspire shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Aspire’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shall, accrue and be applied or refunded in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST). Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit request, service to Aspire may be terminated in accordance with the terms of Section 1.5 of this Attachment, and any security deposits will be applied to Aspire's account(s). In the event Aspire defaults on its account, service to Aspire will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to Aspire’s account.
Appears in 2 contracts
Samples: Resale Agreement, Resale Agreement
Deposit Policy. Aspire Telecom, Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by Aspiresecurity. Any such security deposit shall in no way release Aspire Telecom, Inc. from its obligation to make complete and timely payments of its xxxxbill. Aspire Telecom, Inc. shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireAspire Telecom, Inc.’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Telecom, Inc. fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire Telecom, Inc. may be Version R3Q01: 12/01/01 terminated in accordance with the terms of Section 1.5 1.6 of this Attachment, and any security deposits will be applied to AspireAspire Telecom, Inc.'s account(s).
1.7.1 The fact that a security deposit has been made in no way relieves Aspire Telecom, Inc. from complying with BellSouth's regulations as to advance payments. In the event Any such security deposit shall in no way release Aspire defaults on Telecom, Inc. from its account, service obligation to Aspire will be terminated in accordance with the terms make complete and timely payments of Section 1.5 below, and any security deposits will be applied to Aspire’s accountits bills.
Appears in 1 contract
Samples: Clec Agreement
Deposit Policy. Aspire AM-TEL shall complete the BellSouth Credit Profile and provide information to BellSouth regarding AspireAM-TEL’s credit condition. 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 proposed by AspireAM-TEL. Any such security deposit shall in no way release Aspire AM-TEL from its obligation to make complete and timely payments of its xxxx. Aspire AM-TEL shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in AspireAM-TEL’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire AM- TEL via certified mail or overnight delivery. Aspire AM-TEL shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shall, accrue and be applied or refunded in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST). Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire AM-TEL fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit request, service to Aspire AM-TEL may be terminated in accordance with the terms of Section 1.5 of this Attachment, and any security deposits will be applied to AspireAM-TEL's account(s). In the event Aspire AM-TEL defaults on its account, service to Aspire AM-TEL will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to AspireAM-TEL’s account.
Appears in 1 contract
Samples: Resale Agreement
Deposit Policy. Aspire Qwest shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by Aspiresecurity. Any such security deposit shall in no way release Aspire Qwest from its obligation to make complete and timely payments of its xxxxbill. Aspire Qwest shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireQwest’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Qwest fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire Qwest may be terminated in accordance with the terms of Section 1.5 4.5 of this Attachment, and any security deposits will be applied to AspireQwest's account(s). In the event Aspire Qwest defaults on its account, service to Aspire Qwest will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to AspireQwest’s account.
Appears in 1 contract
Samples: Cross Connect Agreement
Deposit Policy. Aspire BudgeTel shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by AspireBudgeTel. Any such security deposit shall in no way release Aspire BudgeTel from its obligation to make complete and timely payments of its xxxxbill. Aspire BudgeTel shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increasedincreased 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 Aspire’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight deliverysecurity. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire BudgeTel fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire BudgeTel may be terminated in accordance with the terms of Section 1.5 1.7 of this Attachment, and any security deposits will be applied to AspireBudgeTel's account(s). In the event Aspire BudgeTel defaults on its account, service to Aspire BudgeTel will be terminated in accordance with the terms of Section 1.5 below1.7 above, and any security deposits will be applied to AspireBudgeTel’s account.
Appears in 1 contract
Samples: Clec Agreement
Deposit Policy. Aspire BSE shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by Aspiresecurity. Any such security deposit shall in no way release Aspire BSE from its obligation to make complete and timely payments of its xxxx. Aspire BSE shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireBSE’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire BSE fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire BSE may be terminated in accordance with the terms of Section 1.5 8 of this Attachment, and any security deposits will be applied to AspireBSE's account(s). In the event Aspire that BSE defaults on its account, service to Aspire BSE will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to AspireBSE’s accountaccount(s).
6.6.1 The fact that a security deposit has been made in no way relieves BSE from complying with BellSouth's regulations as to advance payments. Any such security deposit shall in no way release BSE from its obligation to make complete and timely payments of its bills.
3. The Parties mutually agree to add to Attachment 1, Resale, Section 4.5 following, incorporated here in by this reference:
Appears in 1 contract
Samples: Resale Agreement
Deposit Policy. Aspire Telecom, Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by Aspiresecurity. Any such security deposit shall in no way release Aspire Telecom, Inc. from its obligation to make complete and timely payments of its xxxx. Aspire Telecom, Inc. shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireAspire Telecom, Inc.’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Telecom, Inc. fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire Telecom, Inc. may be Version R3Q01: 12/01/01 terminated in accordance with the terms of Section 1.5 1.6 of this Attachment, and any security deposits will be applied to AspireAspire Telecom, Inc.'s account(s).
1.7.1 The fact that a security deposit has been made in no way relieves Aspire Telecom, Inc. from complying with BellSouth's regulations as to advance payments. In the event Any such security deposit shall in no way release Aspire defaults on Telecom, Inc. from its account, service obligation to Aspire will be terminated in accordance with the terms make complete and timely payments of Section 1.5 below, and any security deposits will be applied to Aspire’s accountits bills.
Appears in 1 contract
Samples: Clec Agreement
Deposit Policy. Aspire AllPage,Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by Aspiresecurity. Any such security deposit shall in no way release Aspire AllPage,Inc. from its obligation to make complete and timely payments of its xxxx. Aspire AllPage,Inc. shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireAllPage,Inc.’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire AllPage,Inc. fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire AllPage,Inc. may be terminated in accordance with the terms of Section 1.5 1.6 of this Attachment, and any security deposits will be applied to AspireAllPage,Inc.'s account(s).
1.7.1 The fact that a security deposit has been made in no way relieves AllPage,Inc. from complying with BellSouth's regulations as to advance payments. In the event Aspire defaults on Any such security deposit shall in no way release AllPage,Inc. from its account, service obligation to Aspire will be terminated in accordance with the terms make complete and timely payments of Section 1.5 below, and any security deposits will be applied to Aspire’s accountits bills.
Appears in 1 contract
Samples: Clec Agreement
Deposit Policy. Aspire Xxxxxxxx shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s Xxxxxxxx’x credit condition. 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 proposed by AspireXxxxxxxx. Any such security deposit shall in no way release Aspire Xxxxxxxx from its obligation to make complete and timely payments of its xxxx. Aspire Xxxxxxxx shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Aspire’s Xxxxxxxx’x “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire Xxxxxxxx via certified mail or overnight delivery. Aspire Xxxxxxxx shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shall, accrue and be applied or refunded in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST). Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Xxxxxxxx fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit request, service to Aspire may be terminated in accordance with the terms of Section 1.5 of this Attachment, and any security deposits will be applied to Aspire's account(s). In the event Aspire defaults on its account, service to Aspire will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to Aspire’s account.fifteen
Appears in 1 contract
Samples: Resale Agreement
Deposit Policy. Aspire Express Paging shall complete the BellSouth Credit Profile and provide information to BellSouth regarding AspireExpress Paging’s credit condition. 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 proposed by AspireExpress Paging. Any such security deposit shall in no way release Aspire Express Paging from its obligation to make complete and timely payments of its xxxx. Aspire Express Paging shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in AspireExpress Paging’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire Express Paging via certified mail or overnight delivery. Aspire Express Paging shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shall, accrue and be applied or refunded in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST). Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Express Paging fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit request, service to Aspire Express Paging may be terminated in accordance with the terms of Section 1.5 of this Attachment, and any security deposits will be applied to AspireExpress Paging's account(s). In the event Aspire Express Paging defaults on its account, service to Aspire Express Paging will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to AspireExpress Paging’s account.
Appears in 1 contract
Samples: Resale Agreement
Deposit Policy. Aspire Home Phone shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by AspireHome Phone. Any such security deposit shall in no way release Aspire Home Phone from its obligation to make complete and timely payments of its xxxx. Aspire Home Phone shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireHome Phone’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Home Phone fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire Home Phone may be terminated in accordance with the terms of Section 1.5 1.7 of this Attachment, and any security deposits will be applied to AspireHome Phone's account(s). In the event Aspire Home Phone defaults on its account, service to Aspire Home Phone will be terminated in accordance with the terms of Section 1.5 below1.7 above, and any security deposits will be applied to AspireHome Phone’s account.
Appears in 1 contract
Samples: Resale Agreement
Deposit Policy. Aspire ALLTEL shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by Aspiresecurity. Any such security deposit shall in no way release Aspire ALLTEL from its obligation to make complete and timely payments of its xxxxbill. Aspire ALLTEL shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouthXxxxXxxxx, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireALLTEL’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire ALLTEL fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire ALLTEL may be terminated in accordance with the terms of Section 1.5 4.5 of this Attachment, and any security deposits will be applied to AspireALLTEL's account(s). In the event Aspire ALLTEL defaults on its account, service to Aspire ALLTEL will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to AspireALLTEL’s account.
Appears in 1 contract
Samples: Cross Connect Agreement
Deposit Policy. Aspire Express Connection shall complete the BellSouth Credit Profile and provide information to BellSouth regarding AspireExpress Connection’s credit condition. 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 proposed by AspireExpress Connection. Any such security deposit shall in no way release Aspire Express Connection from its obligation to make complete and timely payments of its xxxx. Aspire Express Connection shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in AspireExpress Connection’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire Express Connection via certified mail or overnight delivery. Aspire Express Connection shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shall, accrue and be applied or refunded in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST). Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Express Connection fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit request, service to Aspire Express Connection may be terminated in accordance with the terms of Section 1.5 Section
1. 5 of this Attachment, and any security deposits will be applied to AspireExpress Connection's account(s). In the event Aspire Express Connection defaults on its account, service to Aspire Express Connection will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to AspireExpress Connection’s account.
Appears in 1 contract
Samples: Resale Agreement
Deposit Policy. Aspire Line 1 shall complete the BellSouth Credit Profile and provide information to BellSouth regarding Aspire’s credit conditionworthiness. 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 proposed by Aspiresecurity. Any such security deposit shall in no way release Aspire Line 1 from its obligation to make complete and timely payments of its xxxx. Aspire Line 1 shall pay any applicable deposits for new service prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increasedincreased 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 AspireLine 1’s “accounts receivables and proceeds.” Deposit request notices will be sent to Aspire via certified mail or overnight delivery. Aspire shall pay any applicable security deposit for existing service within fifteen (15) days of the deposit request. Such notice period will start the day after the deposit request notice is rendered by certified mail or overnight delivery. Interest on a cash security deposit shalldeposit, if provided in cash, shall accrue and be applied or refunded paid in accordance with the terms in BellSouth’s General Subscriber Services Tariff (GSST)the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Aspire Line 1 fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire Line 1 may be terminated in accordance with the terms of Section 1.5 1.7 of this Attachment, and any security deposits will be applied to AspireLine 1's account(s). In the event Aspire Line 1 defaults on its account, service to Aspire Line 1 will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to AspireLine 1’s account.
Appears in 1 contract
Samples: Clec Agreement