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 MetTel if MetTel is repeatedly delinquent in making its payments, or MetTel is being reconnected after a disconnection of service or discontinuance of the processing of orders by CenturyLink due to MetTel’s previous non-payment, or when conditions otherwise justify such action based on actual billing history and/or the credit rating of MetTel. "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 MetTel’s average monthly billing exceeds the estimated two-months billing based on MetTel’s forecasts referenced in Section 6.2 above or if MetTel 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 MetTel Spectrotel if MetTel Spectrotel is repeatedly delinquent in making its payments, or MetTel Spectrotel is being reconnected after a disconnection of service or discontinuance of the processing of orders by CenturyLink due to MetTelSpectrotel’s previous non-payment, or when conditions otherwise justify such action based on actual billing history and/or the credit rating of MetTelSpectrotel. "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 MetTelSpectrotel’s average monthly billing exceeds the estimated two-months billing based on MetTelSpectrotel’s forecasts referenced in Section 6.2 above or if MetTel Spectrotel 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 MetTel ELTOPIA if MetTel ELTOPIA is repeatedly delinquent in making its payments, or MetTel ELTOPIA is being reconnected after a disconnection of service or discontinuance of the processing of orders by CenturyLink due to MetTelELTOPIA’s previous non-payment, or when conditions otherwise justify such action based on actual billing history and/or the credit rating of MetTelELTOPIA. "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 MetTelELTOPIA’s average monthly billing exceeds the estimated two-months billing based on MetTelELTOPIA’s forecasts referenced in Section 6.2 above or if MetTel ELTOPIA has failed to make timely payments in accordance with Section 9.2.