Requirements to Establish Escrow Accounts. 11.10.1 To be acceptable, the Third Party escrow agent must meet all of the following criteria:
Requirements to Establish Escrow Accounts. 8.6.1 To be acceptable, the Third Party escrow agent must meet all of the following criteria: 8.6.1.1 The financial institution proposed as the Third Party escrow agent must be located within the continental United States; 8.6.1.2 The financial institution proposed as the Third Party escrow agent may not be an Affiliate of either Party; and 8.6.1.3 The financial institution specific payment terms, late payment charges when those terms are not honored, the specific method for electronic funds transfer, escrow provisions to protect the parties while the dispute is pending and the specific dispute resolution process. As noted, these processes have been employed by SBC across SBC’s 13 operating states, among several different CLECs and have been examined and approved by Commissions across our 13 operating states. Sprint’s proposal is not as complete, does not address several situations and will lead to more disputes than actually will be resolved by the procedure set forth therein.
Requirements to Establish Escrow Accounts. SBC's language is not consistent with Arbitrator's Report Attachment I.A Detailed Language Decision Matrix DP Issue: Section 1 - General Terms and Conditions
Requirements to Establish Escrow Accounts. Sprint's language is most consistent with Arbitrator's Report 8.6.1 To be acceptable, the Third Party escrow agent must meet all of the following criteria: SBC's language is not consistent with Arbitrator's Report 8.6.1.1 The financial institution proposed as the Third Party escrow agent must be located within the continental United States; SBC's language is not consistent with Arbitrator's Report 8.6.1.2 The financial institution proposed as the Third Party escrow agent may not be an Affiliate of either Party; and SBC's language is not consistent with Arbitrator's Report Attachment I.A Detailed Language Decision Matrix DP Issue: Section 1 - General Terms and Conditions
Requirements to Establish Escrow Accounts. 10.9.1 To be acceptable, the Third Party escrow agent must meet all of the following criteria: 10.9.1.1 The financial institution proposed as the Third Party escrow agent must be located within the continental United States; 10.9.1.2 The financial institution proposed as the Third Party escrow agent may not be an Affiliate of either Party; and 10.9.1.3 The financial institution proposed as the Third Party escrow agent must be authorized to handle ACH credit transfers. 10.9.2 In addition to the foregoing requirements for the Third Party escrow agent, the Disputing Party and the financial institution proposed as the Third Party escrow agent must agree in writing furnished to the Billing Party that the escrow account will meet all of the following criteria: 10.9.2.1 The escrow account must be an interest bearing account; 10.9.2.2 all charges associated with opening and maintaining the escrow account will be borne by the Disputing Party; 10.9.2.3 that none of the funds deposited into the escrow account or the interest earned thereon may be used to pay the financial institution’s charges for serving as the Third Party escrow agent;
Requirements to Establish Escrow Accounts. The Non-Paying Party shall not be required to place Disputed Amounts in escrow, as required by Section 8.4, above, if: (i) the Non-Paying Party does not have a proven history of late payments and has established a minimum of twelve consecutive (12) months credit history with the Billing Party (prior to the date it notifies the Billing Party of its billing dispute); and (ii) at least 50% of the disputed charges that have been resolved in the preceding twelve
