Common use of Deposit Policy Clause in Contracts

Deposit Policy. Cellutell Communications, Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Cellutell Communications, Inc. from its obligation to make complete and timely payments of its xxxx. Cellutell Communications, Inc. 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 Cellutell Communications, Inc.’s “accounts receivables and proceeds.” Version R3Q01: 12/01/01 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 Cellutell Communications, Inc. fails to remit to BellSouth any deposit requested pursuant to this Section, service to Cellutell Communications, Inc. may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Cellutell Communications, Inc.'s account(s).

Appears in 2 contracts

Samples: General Terms and Conditions, General Terms and Conditions

AutoNDA by SimpleDocs

Deposit Policy. Cellutell Communications, AllPage,Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Cellutell Communications, AllPage,Inc. from its obligation to make complete and timely payments of its xxxx. Cellutell Communications, AllPage,Inc. 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 Cellutell Communications, AllPage,Inc.’s “accounts receivables and proceeds.” Version R3Q01: 12/01/01 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 Cellutell Communications, AllPage,Inc. fails to remit to BellSouth any deposit requested pursuant to this Section, service to Cellutell Communications, AllPage,Inc. may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Cellutell Communications, AllPage,Inc.'s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Cellutell CommunicationsInterlink Network Resources, Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Cellutell CommunicationsInterlink Network Resources, Inc. from its obligation to make complete and timely payments of its xxxx. Cellutell CommunicationsInterlink Network Resources, Inc. shall pay any applicable deposits prior to Version R3Q02: 09/22/02 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 Cellutell CommunicationsInterlink Network Resources, Inc.’s ‘s “accounts receivables and proceeds.” Version R3Q01: 12/01/01 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 Cellutell CommunicationsInterlink Network Resources, Inc. fails to remit to BellSouth any deposit requested pursuant to this Section, service to Cellutell CommunicationsInterlink Network Resources, Inc. may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Cellutell CommunicationsInterlink Network Resources, Inc.'s ‘s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Cellutell Communications, Inc. C & M Total Communications shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of securitysecurity proposed by C & M Total Communications. Any such security deposit shall in no way release Cellutell Communications, Inc. C & M Total Communications from its obligation to make complete and timely payments of its xxxx. Cellutell Communications, Inc. C & M Total Communications shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of BellSouth, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security deposit, BellSouth reserves the right to request additional security and/or file a Uniform Commercial Code (UCC-1) security interest in Cellutell C & M Total Communications, Inc.’s “accounts receivables and proceeds.” Version R3Q01: 12/01/01 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 Cellutell Communications, Inc. C & M Total Communications fails to remit to BellSouth any deposit requested pursuant to this Section, service to Cellutell Communications, Inc. C & M Total Communications may be terminated in accordance with the terms of Section 1.6 1.7 of this Attachment, and any security deposits will be applied to Cellutell C & M Total Communications, Inc.'s account(s). In the event C & M Total Communications defaults on its account, service to C & M Total Communications will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to C & M Total Communications’s account.

Appears in 1 contract

Samples: General Terms and Conditions

AutoNDA by SimpleDocs

Deposit Policy. Cellutell Quantum Phone Communications, Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Cellutell Quantum Phone Communications, Inc. from its obligation to make complete and timely payments of its xxxx. Cellutell Quantum Phone Communications, Inc. shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of Version R3Q01: 12/01/01 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 Cellutell Quantum Phone Communications, Inc.’s “accounts receivables and proceeds.” Version R3Q01: 12/01/01 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 Cellutell Quantum Phone Communications, Inc. fails to remit to BellSouth any deposit requested pursuant to this Section, service to Cellutell Quantum Phone Communications, Inc. may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Cellutell Quantum Phone Communications, Inc.'s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Deposit Policy. Cellutell Quantum Phone Communications, Inc. shall complete the BellSouth Credit Profile and provide information to BellSouth regarding credit worthiness. Based on the results of the credit analysis, BellSouth reserves the right to secure the account with a suitable form of security deposit. Such security deposit shall take the form of cash, an Irrevocable Letter of Credit (BellSouth form), Surety Bond (BellSouth form) or, in BellSouth’s sole discretion, some other form of security. Any such security deposit shall in no way release Cellutell Quantum Phone Communications, Inc. from its obligation to make complete and timely payments of its xxxxbill. Cellutell Quantum Phone Communications, Inc. shall pay any applicable deposits prior to the inauguration of service. If, in the sole opinion of Version R3Q01: 12/01/01 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 Cellutell Quantum Phone Communications, Inc.’s “accounts receivables and proceeds.” Version R3Q01: 12/01/01 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 Cellutell Quantum Phone Communications, Inc. fails to remit to BellSouth any deposit requested pursuant to this Section, service to Cellutell Quantum Phone Communications, Inc. may be terminated in accordance with the terms of Section 1.6 of this Attachment, and any security deposits will be applied to Cellutell Quantum Phone Communications, Inc.'s account(s).

Appears in 1 contract

Samples: General Terms and Conditions

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!