Common use of Deposit Policy Clause in Contracts

Deposit Policy. Home Phone 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 proposed by Home Phone. Any such security deposit shall in no way release Home Phone from its obligation to make complete and timely payments of its xxxx. Home Phone 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 Home Phone’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Home Phone fails to remit to BellSouth any deposit requested pursuant to this Section, service to Home Phone may be terminated in accordance with the terms of Section 1.7 of this Attachment, and any security deposits will be applied to Home Phone's account(s). In the event Home Phone defaults on its account, service to Home Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Home Phone’s account.

Deposit Policy. Home Phone WebShoppe 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 proposed by Home Phonesecurity. Any such security deposit shall in no way release Home Phone WebShoppe from its obligation to make complete and timely payments of its xxxx. Home Phone WebShoppe 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 Home PhoneWebShoppe’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Home Phone WebShoppe fails to remit to BellSouth any deposit requested pursuant to this Section, service to Home Phone WebShoppe may be terminated in accordance with the terms of Section 1.7 of this Attachmentterminated, and any security deposits will be applied to Home PhoneWebShoppe's account(s). In the event Home Phone defaults on its account, service to Home Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Home Phone’s account.

Deposit Policy. Home Phone Electronic Telco 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 proposed by Home Phonesecurity. Any such security deposit shall in no way release Home Phone Electronic Telco from its obligation to make complete and timely payments of its xxxx. Home Phone Electronic Telco 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 Home PhoneElectronic Telco’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Home Phone Electronic Telco fails to remit to BellSouth any deposit requested pursuant to this Section, service to Home Phone Electronic Telco may be terminated in accordance with the terms of Section 1.7 1.6 of this Attachment, and any security deposits will be applied to Home PhoneElectronic Telco's account(s). In the event Home Phone defaults on its account, service to Home Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Home Phone’s account.Version R3Q01: 12/01/01

Deposit Policy. Home Phone Express Connection 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 proposed by Home Phonesecurity. Any such security deposit shall in no way release Home Phone Express Connection from its obligation to make complete and timely payments of its xxxx. Home Phone Express Connection 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 Home PhoneExpress Connection’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Home Phone Express Connection fails to remit to BellSouth any deposit requested pursuant to this Section, service to Home Phone Express Connection may be Version R3Q01: 12/01/01 terminated in accordance with the terms of Section 1.7 1.6 of this Attachment, and any security deposits will be applied to Home PhoneExpress Connection's account(s). In the event Home Phone defaults on its account, service to Home Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Home Phone’s account.

Deposit Policy. Home Phone Lone Star 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 proposed by Home Phonesecurity. Any such security deposit shall in no way release Home Phone Lone Star from its obligation to make complete and timely payments of its xxxx. Home Phone Lone Star 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 Home PhoneLone Star’s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Home Phone Lone Star fails to remit to BellSouth any deposit requested pursuant to this Section, service to Home Phone Lone Star may be terminated in accordance with the terms of Section 1.7 8.2 of this Attachment, and any security deposits will be applied to Home PhoneLone Star's account(s). In the event Home Phone defaults on its account, service to Home Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Home Phone’s account.

Deposit Policy. Home Phone Easy Telephone 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 proposed by Home Phonesecurity. Any such security deposit shall in no way release Home Phone Easy Telephone from its obligation to make complete and timely payments of its xxxx. Home Phone Easy Telephone 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 Home Phone’s Easy Telephone‘s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Home Phone Easy Telephone fails to remit to BellSouth any deposit requested pursuant to this Section, service to Home Phone Easy Telephone may be terminated in accordance with the terms of Section 1.7 of this Attachment, and any security deposits will be applied to Home Phone's Easy Telephone‘s account(s). In the event Home Phone defaults on its account, service to Home Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Home Phone’s account.

Deposit Policy. Home Phone Direct Telephone 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 proposed by Home Phonesecurity. Any such security deposit shall in no way release Home Phone Direct Telephone from its obligation to make complete and timely payments of its xxxx. Home Phone Direct Telephone 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 Home Phone’s Direct Telephone‘s “accounts receivables and proceeds.” Interest on a security deposit, if provided in cash, shall accrue and be paid in accordance with the terms in the appropriate BellSouth tariff. Security deposits collected under this Section shall not exceed two months' estimated billing. In the event Home Phone Direct Telephone fails to remit to BellSouth any deposit Version R3Q02: 09/22/02 requested pursuant to this Section, service to Home Phone Direct Telephone may be terminated in accordance with the terms of Section 1.7 1.6 of this Attachment, and any security deposits will be applied to Home Phone's Direct Telephone‘s account(s). In the event Home Phone defaults on its account, service to Home Phone will be terminated in accordance with the terms of Section 1.7 above, and any security deposits will be applied to Home Phone’s account.