Common use of Deposit Policy Clause in Contracts

Deposit Policy. When purchasing services fromAT&T, Carrier will be required to complete the AT&T Credit Profile and provide information regarding credit worthiness. Based on the results of the credit analysis, AT&T reserves the right to secure the account witha suitable form of security deposit. Such security deposit shall take the formof cash, an Irrevocable Letter of Credit (AT&T form), Surety Bond (AT&T form) or, in its sole discretion, some other formof security. Any such security deposit shall in no way release Carrier from its obligation to make complete and timely payments of its bill. Such security shall be required prior to the inauguration of service.If, in the sole opinion of AT&T, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security, AT&T reserves the right to request additional security and/or file a UniformCommercial Code (UCC1) security interest in Carrier’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 AT&T tarfif. Security deposits collected under this Section shall not exceed twomonths’ estimatedbilling. In the event Carrier fails to remit to AT&T any deposit requested pursuant to this Section, service to Carrier may be terminated and any securitydeposits will be applied to Carrier’s account(s).

Deposit Policy. When purchasing services fromAT&T, Carrier will be required to complete the AT&T Credit Profile and provide information regarding credit worthiness. Based on the results of the credit analysis, AT&T reserves the right to secure the account witha with a suitable form of security deposit. Such security deposit shall take the formof form of cash, an Irrevocable Letter of Credit (AT&T form), Surety Bond (AT&T form) or, in its sole discretion, some other formof form of security. Any such security deposit shall in no way release Carrier from its obligation to make complete and timely payments of its bill. Such security Sucshecurity shall be required prior to the inauguration of service.If, in servicIef,.in the sole opinion of AT&T, circumstances so warrant wrraant and/or gross monthly monhtly billing has increased beyond the level initially used to determine the level of security, AT&T reserves the right to request additional security and/or file a UniformCommercial Uniform Commercial Code (UCC1) security interest in Carrier’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 AT&T tarfif. Security deposits AT&Tfft.aSriecuritydeposits collected under this Section shall not exceed twomonthstwoomnths’ estimatedbilling. In the event Carrier fails to remit to AT&T any deposit requested pursuant to this Section, service to Carrier may be terminated and any securitydeposits securitdyeposits will be applied to Carrier’s account(s).

Deposit Policy. When purchasing services fromAT&Tfrom AT&T, Carrier will be required to complete the AT&T Credit Profile and provide information regarding credit worthiness. Based on the results of the credit analysis, AT&T reserves the right to secure the account witha with a suitable form of security deposit. Such security deposit shall take the formof form of cash, an Irrevocable Letter of Credit (AT&T form), Surety Bond (AT&T form) or, in its sole discretion, some other formof form of security. Any such security deposit shall in no way release Carrier from its obligation to make complete and timely payments of its bill. Such security shall be required prior to the inauguration of service.. If, in the sole opinion of AT&T, circumstances so warrant and/or gross monthly billing has increased beyond the level initially used to determine the level of security, AT&T reserves the right to request additional security and/or file a UniformCommercial Uniform Commercial Code (UCC1) security interest in Carrier’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 AT&T tarfiftariff. Security deposits collected under this Section shall not exceed twomonthstwo months’ estimatedbillingestimated billing. In the event Carrier fails to remit to AT&T any deposit requested pursuant to this Section, service to Carrier may be terminated and any securitydeposits security deposits will be applied to Carrier’s account(s).