Common use of Deposit Policy Clause in Contracts

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.

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.

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.

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 xxxx. Aspire BudgeTel 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 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.

Deposit Policy. Aspire Paramount 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 AspireParamount. Any such security deposit shall in no way release Aspire Paramount from its obligation to make complete and timely payments of its xxxx. Aspire Paramount 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 AspireParamount’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 Paramount fails to remit to BellSouth any deposit requested pursuant to this Section within fifteen (15) days of deposit requestSection, service to Aspire Paramount 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 AspireParamount's account(s). In the event Aspire Paramount defaults on its account, service to Aspire Paramount will be terminated in accordance with the terms of Section 1.5 below, and any security deposits will be applied to Aspire’s account.Section

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.