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 QuantumShift if QuantumShift is repeatedly delinquent in making its payments, or QuantumShift is being reconnected after a disconnection of service or discontinuance of the processing of orders by CenturyLink due to QuantumShift’s previous non-payment, or when conditions otherwise justify such action based on actual billing history and/or the credit rating of QuantumShift. "Repeatedly delinquent" means any payment received thirty (30) calendar days or more after the 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 QuantumShift’s average monthly billing exceeds the estimated two-months billing based on QuantumShift’s forecasts referenced in Section 6.2 above or if QuantumShift 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 QuantumShift if QuantumShift is repeatedly delinquent in making its payments, or QuantumShift is being reconnected after a disconnection of service or discontinuance of the processing of orders by CenturyLink due to QuantumShift’s previous non-payment, or when conditions otherwise justify such action based on actual billing history and/or the credit rating of QuantumShift. "Repeatedly delinquent" means any payment received thirty (30) calendar days or more after the xxxx 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 QuantumShift’s average monthly billing exceeds the estimated two-months billing based on QuantumShift’s forecasts referenced in Section 6.2 above or if QuantumShift has failed to make timely payments in accordance with Section 9.2.