Common use of Modifying the Amount of Deposit/Assurance of Payment Clause in Contracts

Modifying the Amount of Deposit/Assurance of Payment. CenturyLink reserves the right, in its sole discretion, to modify the amount of the deposit or assurance of payment required of BullsEye if BullsEye is repeatedly delinquent in making its payments, or BullsEye is being reconnected after a disconnection of service or discontinuance of the processing of orders by CenturyLink due to BullsEye’s previous non-payment, or when conditions otherwise justify such action based on actual billing history and/or the credit rating of BullsEye. "Repeatedly delinquent" means any payment received thirty (30) calendar days or more after the bill due date, three (3) or more times during a twelve (12) month period. CenturyLink also may require an additional amount of deposit or assurance of payment at any time after the submission of the original deposit or assurance of payment if BullsEye’s average monthly billing exceeds the estimated two-months billing based on BullsEye’s forecasts referenced in Section 6.2 above or if BullsEye has failed to make timely payments in accordance with Section 9.2.

Modifying the Amount of Deposit/Assurance of Payment. CenturyLink reserves the right, in its sole discretion, to modify the amount of the deposit or assurance of payment required of BullsEye BendTel if BullsEye BendTel is repeatedly delinquent in making its payments, or BullsEye BendTel is being reconnected after a disconnection of service or discontinuance of the processing of orders by CenturyLink due to BullsEyeBendTel’s previous non-payment, or when conditions otherwise justify such action based on actual billing history and/or the credit rating of BullsEyeBendTel. "Repeatedly delinquent" means any payment received thirty (30) calendar days or more after the bill xxxx due date, three (3) or more times during a twelve (12) month period. CenturyLink also may require an additional amount of deposit or assurance of payment at any time after the submission of the original deposit or assurance of payment if BullsEyeBendTel’s average monthly billing exceeds the estimated two-months billing based on BullsEyeBendTel’s forecasts referenced in Section 6.2 above or if BullsEye BendTel has failed to make timely payments in accordance with Section 9.2.