Common use of Deposit Policy Clause in Contracts

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneTone’s credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneTone’s credit and financial condition, BellSouth reserves the right to require OneTone to provide BellSouth with a suitable form of security deposit for OneTone’s account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneTone’s gross monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneTone’s “accounts receivables and proceeds”. 1.3.1 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 OneTone. Any such security deposit shall in no way release OneTone from its obligation to make complete and timely payments of its xxxx(s). If BellSouth requires OneTone to provide a security deposit, OneTone shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone via certified mail or overnight delivery. 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 GSST.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone Credit Loans shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneToneCredit Loans’s credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneToneCredit Loans’s credit and financial condition, BellSouth reserves the right to require OneTone Credit Loans to provide BellSouth with a suitable form of security deposit for OneToneCredit Loans’s account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneToneCredit Loans’s gross monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneToneCredit Loans’s “accounts receivables and proceeds”. 1.3.1 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 OneToneCredit Loans. Any such security deposit shall in no way release OneTone Credit Loans from its obligation to make complete and timely payments of its xxxx(s). If BellSouth requires OneTone Credit Loans to provide a security deposit, OneTone Credit Loans shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone Credit Loans via certified mail or overnight delivery. 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 GSST. 1.3.2 Security deposits collected under this Section shall not exceed two (2) months' estimated billing. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if Credit Loans has received service from BellSouth during such period at a level comparable to that anticipated to occur over the next six (6) months. If either Credit Loans or BellSouth has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, Credit Loans and BellSouth shall agree on a level of estimated xxxxxxxx based on all relevant information. 1.3.3 In the event Credit Loans fails to provide BellSouth with a suitable form of security deposit or additional security deposit as required herein, defaults on its account(s), or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time required, service to Credit Loans may be Suspended, Discontinued or Terminated in accordance with the terms of Section 1.5 below. Upon Termination of services, BellSouth shall apply any security deposit to Credit Loans’s final xxxx for its account(s). 1.3.3.1 At least seven (7) days prior to the expiration of any letter of credit provided by Credit Loans as security under this Agreement, Credit Loans shall renew such letter of credit or provide BellSouth with evidence that Credit Loans has obtained a suitable replacement for the letter of credit. If Credit Loans fails to comply with the foregoing, BellSouth shall thereafter be authorized to draw down the full amount of such letter of credit and utilize the cash proceeds as security for Credit Loans accounts(s). If Credit Loans provides a security deposit or additional security deposit in the form of a surety bond as required herein, Credit Loans shall renew the surety bond or provide BellSouth with evidence that Credit Loans has obtained a suitable replacement for the surety bond at least seven (7) days prior to the cancellation date of the surety bond. If Credit Loans fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Credit Loans’s account(s). If the credit rating of any bonding company that has provided Credit Loans with a surety bond provided as security hereunder has fallen below B, BellSouth will provide written notice to Credit Loans that Credit Loans must provide a replacement bond or other suitable security within fifteen (15) days of BellSouth’s written notice. If Credit Loans fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Credit Loans’s account(s). Notwithstanding anything contained in this Agreement to the contrary, BellSouth shall be authorized to draw down the full amount of any letter of credit or take action on any surety bond provided by Credit Loans as security hereunder if Credit Loans defaults on its account(s) or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time, as required herein.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone Telecable shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneToneTelecable’s credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneToneTelecable’s credit and financial condition, BellSouth reserves the right to require OneTone Telecable to provide BellSouth with a suitable form of security deposit for OneToneTelecable’s account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneToneTelecable’s gross monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneToneTelecable’s “accounts receivables and proceeds”. 1.3.1 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 OneToneTelecable. Any such security deposit shall in no way release OneTone Telecable from its obligation to make complete and timely payments of its xxxx(sbill(s). If BellSouth requires OneTone Telecable to provide a security deposit, OneTone Telecable shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone Telecable via certified mail or overnight delivery. 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 GSST.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone Telephone One shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneToneTelephone One’s credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneToneTelephone One’s credit and financial condition, BellSouth reserves the right to require OneTone Telephone One to provide BellSouth with a suitable form of security deposit for OneToneTelephone One’s account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneToneTelephone One’s gross monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneToneTelephone One’s “accounts receivables and proceeds”. 1.3.1 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 OneToneTelephone One. Any such security deposit shall in no way release OneTone Telephone One from its obligation to make complete and timely payments of its xxxx(s). If BellSouth requires OneTone Telephone One to provide a security deposit, OneTone Telephone One shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone Telephone One via certified mail or overnight delivery. 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 GSST. 1.3.2 Security deposits collected under this Section shall not exceed two (2) months' estimated billing. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if Telephone One has received service from BellSouth during such period at a level comparable to that anticipated to occur over the next six (6) months. If either Telephone One or BellSouth has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, Telephone One and BellSouth shall agree on a level of estimated xxxxxxxx based on all relevant information. 1.3.3 In the event Telephone One fails to provide BellSouth with a suitable form of security deposit or additional security deposit as required herein, defaults on its account(s), or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time required, service to Telephone One may be Suspended, Discontinued or Terminated in accordance with the terms of Section 1.5 below. Upon Termination of services, BellSouth shall apply any security deposit to Telephone One’s final xxxx for its account(s). 1.3.3.1 At least seven (7) days prior to the expiration of any letter of credit provided by Telephone One as security under this Agreement, Telephone One shall renew such letter of credit or provide BellSouth with evidence that Telephone One has obtained a suitable replacement for the letter of credit. If Telephone One fails to comply with the foregoing, BellSouth shall thereafter be authorized to draw down the full amount of such letter of credit and utilize the cash proceeds as security for Telephone One accounts(s). If Telephone One provides a security deposit or additional security deposit in the form of a surety bond as required herein, Telephone One shall renew the surety bond or provide BellSouth with evidence that Telephone One has obtained a suitable replacement for the surety bond at least seven (7) days prior to the cancellation date of the surety bond. If Telephone One fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Telephone One’s account(s). If the credit rating of any bonding company that has provided Telephone One with a surety bond provided as security hereunder has fallen below B, BellSouth will provide written notice to Telephone One that Telephone One must provide a replacement bond or other suitable security within fifteen (15) days of BellSouth’s written notice. If Telephone One fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Telephone One’s account(s). Notwithstanding anything contained in this Agreement to the contrary, BellSouth shall be authorized to draw down the full amount of any letter of credit or take action on any surety bond provided by Telephone One as security hereunder if Telephone One defaults on its account(s) or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time, as required herein.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone FamilyTel shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneToneFamilyTel’s credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneToneFamilyTel’s credit and financial condition, BellSouth reserves the right to require OneTone FamilyTel to provide BellSouth with a suitable form of security deposit for OneToneFamilyTel’s account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneToneFamilyTel’s gross monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneToneFamilyTel’s “accounts receivables and proceeds”. 1.3.1 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 OneToneFamilyTel. Any such security deposit shall in no way release OneTone FamilyTel from its obligation to make complete and timely payments of its xxxx(sbill(s). If BellSouth requires OneTone FamilyTel to provide a security deposit, OneTone FamilyTel shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone FamilyTel via certified mail or overnight delivery. 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 GSST. 1.3.2 Security deposits collected under this Section shall not exceed two (2) months' estimated billing. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if FamilyTel has received service from BellSouth during such period at a level comparable to that anticipated to occur over the next six (6) months. If either FamilyTel or BellSouth has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, FamilyTel and BellSouth shall agree on a level of estimated xxxxxxxx based on all relevant information. 1.3.3 In the event FamilyTel fails to provide BellSouth with a suitable form of security deposit or additional security deposit as required herein, defaults on its account(s), or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time required, service to FamilyTel may be Suspended, Discontinued or Terminated in accordance with the terms of Section 1.5 below. Upon Termination of services, BellSouth shall apply any security deposit to FamilyTel’s final bill for its account(s). 1.3.3.1 At least seven (7) days prior to the expiration of any letter of credit provided by FamilyTel as security under this Agreement, FamilyTel shall renew such letter of credit or provide BellSouth with evidence that FamilyTel has obtained a suitable replacement for the letter of credit. If FamilyTel fails to comply with the foregoing, BellSouth shall thereafter be authorized to draw down the full amount of such letter of credit and utilize the cash proceeds as security for FamilyTel accounts(s). If FamilyTel provides a security deposit or additional security deposit in the form of a surety bond as required herein, FamilyTel shall renew the surety bond or provide BellSouth with evidence that FamilyTel has obtained a suitable replacement for the surety bond at least seven (7) days prior to the cancellation date of the surety bond. If FamilyTel fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for FamilyTel’s account(s). If the credit rating of any bonding company that has provided FamilyTel with a surety bond provided as security hereunder has fallen below B, BellSouth will provide written notice to FamilyTel that FamilyTel must provide a replacement bond or other suitable security within fifteen (15) days of BellSouth’s written notice. If FamilyTel fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for FamilyTel’s account(s). Notwithstanding anything contained in this Agreement to the contrary, BellSouth shall be authorized to draw down the full amount of any letter of credit or take action on any surety bond provided by FamilyTel as security hereunder if FamilyTel defaults on its account(s) or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time, as required herein.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone Excel PCHP shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneToneExcel PCHP’s credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneToneExcel PCHP’s credit and financial condition, BellSouth reserves the right to require OneTone Excel PCHP to provide BellSouth with a suitable form of security deposit for OneToneExcel PCHP’s account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneToneExcel PCHP’s gross monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneToneExcel PCHP’s “accounts receivables and proceeds”. 1.3.1 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 OneToneExcel PCHP. Any such security deposit shall in no way release OneTone Excel PCHP from its obligation to make complete and timely payments of its xxxx(s). If BellSouth requires OneTone Excel PCHP to provide a security deposit, OneTone Excel PCHP shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone Excel PCHP via certified mail or overnight delivery. 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 GSST. 1.3.2 Security deposits collected under this Section shall not exceed two (2) months' estimated billing. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if Excel PCHP has received service from BellSouth during such period at a level comparable to that anticipated to occur over the next six (6) months. If either Excel PCHP or BellSouth has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, Excel PCHP and BellSouth shall agree on a level of estimated xxxxxxxx based on all relevant information. 1.3.3 In the event Excel PCHP fails to provide BellSouth with a suitable form of security deposit or additional security deposit as required herein, defaults on its account(s), or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time required, service to Excel PCHP may be Suspended, Discontinued or Terminated in accordance with the terms of Section 1.5 below. Upon Termination of services, BellSouth shall apply any security deposit to Excel PCHP’s final xxxx for its account(s). 1.3.3.1 At least seven (7) days prior to the expiration of any letter of credit provided by Excel PCHP as security under this Agreement, Excel PCHP shall renew such letter of credit or provide BellSouth with evidence that Excel PCHP has obtained a suitable replacement for the letter of credit. If Excel PCHP fails to comply with the foregoing, BellSouth shall thereafter be authorized to draw down the full amount of such letter of credit and utilize the cash proceeds as security for Excel PCHP accounts(s). If Excel PCHP provides a security deposit or additional security deposit in the form of a surety bond as required herein, Excel PCHP shall renew the surety bond or provide BellSouth with evidence that Excel PCHP has obtained a suitable replacement for the surety bond at least seven (7) days prior to the cancellation date of the surety bond. If Excel PCHP fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Excel PCHP’s account(s). If the credit rating of any bonding company that has provided Excel PCHP with a surety bond provided as security hereunder has fallen below B, BellSouth will provide written notice to Excel PCHP that Excel PCHP must provide a replacement bond or other suitable security within fifteen (15) days of BellSouth’s written notice. If Excel PCHP fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Excel PCHP’s account(s). Notwithstanding anything contained in this Agreement to the contrary, BellSouth shall be authorized to draw down the full amount of any letter of credit or take action on any surety bond provided by Excel PCHP as security hereunder if Excel PCHP defaults on its account(s) or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time, as required herein.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone Easy Telephone shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneToneEasy Telephone’s credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneToneEasy Telephone’s credit and financial condition, BellSouth reserves the right to require OneTone Easy Telephone to provide BellSouth with a suitable form of security deposit for OneToneEasy Telephone’s account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneToneEasy Telephone’s gross monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneToneEasy Telephone’s “accounts receivables and proceeds”. 1.3.1 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 OneToneEasy Telephone. Any such security deposit shall in no way release OneTone Easy Telephone from its obligation to make complete and timely payments of its xxxx(s). If BellSouth requires OneTone Easy Telephone to provide a security deposit, OneTone Easy Telephone shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone Easy Telephone via certified mail or overnight delivery. 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 GSST. 1.3.2 Security deposits collected under this Section shall not exceed two (2) months' estimated billing. Estimated xxxxxxxx are calculated based upon the monthly average of the previous six (6) months current xxxxxxxx, if Easy Telephone has received service from BellSouth during such period at a level comparable to that anticipated to occur over the next six (6) months. If either Easy Telephone or BellSouth has reason to believe that the level of service to be received during the next six (6) months will be materially higher or lower than received in the previous six (6) months, Easy Telephone and BellSouth shall agree on a level of estimated xxxxxxxx based on all relevant information. 1.3.3 In the event Easy Telephone fails to provide BellSouth with a suitable form of security deposit or additional security deposit as required herein, defaults on its account(s), or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time required, service to Easy Telephone may be Suspended, Discontinued or Terminated in accordance with the terms of Section 1.5 below. Upon Termination of services, BellSouth shall apply any security deposit to Easy Telephone’s final xxxx for its account(s). 1.3.3.1 At least seven (7) days prior to the expiration of any letter of credit provided by Easy Telephone as security under this Agreement, Easy Telephone shall renew such letter of credit or provide BellSouth with evidence that Easy Telephone has obtained a suitable replacement for the letter of credit. If Easy Telephone fails to comply with the foregoing, BellSouth shall thereafter be authorized to draw down the full amount of such letter of credit and utilize the cash proceeds as security for Easy Telephone accounts(s). If Easy Telephone provides a security deposit or additional security deposit in the form of a surety bond as required herein, Easy Telephone shall renew the surety bond or provide BellSouth with evidence that Easy Telephone has obtained a suitable replacement for the surety bond at least seven (7) days prior to the cancellation date of the surety bond. If Easy Telephone fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Easy Telephone’s account(s). If the credit rating of any bonding company that has provided Easy Telephone with a surety bond provided as security hereunder has fallen below B, BellSouth will provide written notice to Easy Telephone that Easy Telephone must provide a replacement bond or other suitable security within fifteen (15) days of BellSouth’s written notice. If Easy Telephone fails to comply with the foregoing, BellSouth shall thereafter be authorized to take action on the surety bond and utilize the cash proceeds as security for Easy Telephone’s account(s). Notwithstanding anything contained in this Agreement to the contrary, BellSouth shall be authorized to draw down the full amount of any letter of credit or take action on any surety bond provided by Easy Telephone as security hereunder if Easy Telephone defaults on its account(s) or otherwise fails to make any payment or payments required under this Agreement in the manner and within the time, as required herein.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone SanTel shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneTone’s XxxXxx’x credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneTone’s XxxXxx’x credit and financial condition, BellSouth reserves the right to require OneTone SanTel to provide BellSouth with a suitable form of security deposit for OneTone’s XxxXxx’x account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneTone’s gross XxxXxx’x xxxxx monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneTone’s XxxXxx’x “accounts receivables and proceeds”. 1.3.1 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 OneToneXxxXxx. Any such security deposit shall in no way release OneTone SanTel from its obligation to make complete and timely payments of its xxxx(sbill(s). If BellSouth requires OneTone SanTel to provide a security deposit, OneTone SanTel shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone SanTel via certified mail or overnight delivery. 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 GSST.

Deposit Policy. Prior to the inauguration of service or, thereafter, upon BellSouth’s request, OneTone XxxXxx shall complete the BellSouth Credit Profile (BellSouth form) and provide information to BellSouth regarding OneTone’s XxxXxx’x credit and financial condition. Based on BellSouth’s analysis of the BellSouth Credit Profile and other relevant information regarding OneTone’s XxxXxx’x credit and financial condition, BellSouth reserves the right to require OneTone XxxXxx to provide BellSouth with a suitable form of security deposit for OneTone’s XxxXxx’x account(s). If, in BellSouth’s sole discretion, circumstances so warrant and/or OneTone’s gross XxxXxx’x xxxxx monthly billing has increased, BellSouth reserves the right to request additional security (or to require a security deposit if none was previously requested) and/or file a Uniform Commercial Code (UCC-1) security interest in OneTone’s XxxXxx’x “accounts receivables and proceeds”. 1.3.1 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 OneToneXxxXxx. Any such security deposit shall in no way release OneTone XxxXxx from its obligation to make complete and timely payments of its xxxx(sbill(s). If BellSouth requires OneTone XxxXxx to provide a security deposit, OneTone XxxXxx shall provide such security deposit prior to the inauguration of service or within fifteen (15) days of BellSouth’s request, as applicable. Deposit request notices will be sent to OneTone XxxXxx via certified mail or overnight delivery. 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 GSST.