Common use of Deposits & Prepayments Clause in Contracts

Deposits & Prepayments. Either a deposit equal to the total setup fee OR prepayment for services to be activated shall be taken at the opening of the reseller account to be used for the purpose of revolving credit. In the event of contract termination, any outstanding amount shall be returned to the reseller after any license fees, service plan charges, overages, late fees and other liabilities have been subtracted and in no event more than thirty (30) days following the expiration or termination of the Agreement.

Appears in 3 contracts

Samples: Master Services Agreement (Msa), Master Service Agreement, Master Services Agreement (Msa)

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Deposits & Prepayments. Either a deposit equal to the total standard setup fee according to the chosen program OR prepayment for all services to be activated within the first 7 days shall be taken at the opening of the reseller account to be used for the purpose of revolving creditcredit and must be on-account prior to activation or renewal of any service. In the event of contract termination, any outstanding amount shall be returned to the reseller after any license fees, service plan charges, overages, late fees and other liabilities have been subtracted and in no event more than thirty (30) days following the expiration or termination of the Agreement.

Appears in 1 contract

Samples: Master Service Agreement

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