Common use of Supplier Accounts Clause in Contracts

Supplier Accounts. In the event that the Company provides a consolidated bill to the Customer, the Company will maintain and provide to the Supplier, accounts receivable balances associated with the Supplier’s Customers under terms mutually agreed to by the Company and the Supplier. If a Customer returns to the Company for Standard Offer Service or switches to another Supplier, the Company will terminate billing and payment remittance for the pre-existing Supplier as follows: Outstanding balances will be carried forward for a maximum of one additional billing period (i.e., until one (1) day prior to the second bill that is issued containing charges of the Customer’s new Supplier) and any outstanding balances remaining as of the date that such bill is issued will be transferred back to the pre-existing Supplier and the Company will no longer be responsible for maintaining that Customer’s payments to such pre-existing Supplier. If the Supplier provides its own bill to the Customer, the Supplier will be responsible for maintaining its own accounts receivable balances with its Customers.

Supplier Accounts. In the event that the Company provides a consolidated bill ▇▇▇▇ to the Customer, the Company will maintain and provide to the Supplier, accounts receivable balances associated with the Supplier’s Customers under terms mutually agreed to by the Company and the Supplier. If a Customer returns to the Company for Standard Offer Service or switches to another Supplier, the Company will terminate billing and payment remittance for the pre-existing Supplier as follows: Outstanding balances will be carried forward for a maximum of one additional billing period (i.e., until one (1) day prior to the second bill ▇▇▇▇ that is issued containing charges of the Customer’s new Supplier) and any outstanding balances remaining as of the date that such bill ▇▇▇▇ is issued will be transferred back to the pre-existing Supplier and the Company will no longer be responsible for maintaining that Customer’s payments to such pre-existing Supplier. If the Supplier provides its own bill ▇▇▇▇ to the Customer, the Supplier will be responsible for maintaining its own accounts receivable balances with its Customers.