Assurance of Payment definition

Assurance of Payment means a guarantee of payment in the form of Cash Deposit, Letter of Credit or Surety Bond required by AT&T 21-STATE to ensure current and future Billed Amounts will be paid.
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Assurance of Payment means (i) a cash deposit; (ii) a letter of credit; (iii) a certificate of deposit; (iv) a surety bond; (v) a prepayment of utility consumption; or (vi) another form of security that is mutually agreed on between the utility and the debtor or the trustee.35 In addition, in a Chapter 11 case (which this case was when the Debtor filed it), a utility may alter, refuse, or discontinue utility service if the utility has not received from the debtor or trustee the adequate assurance of payment within 30 days after the filing of the petition.36
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Examples of Assurance of Payment in a sentence

  • Additionally, the Court, pursuant to the Final Order (I) Approving the Debtors’ Proposed Adequate Assurance of Payment for Future Utility Services,(II) Prohibiting Utility Companies from Altering, Refusing, or Discontinuing Services, and (III) Approving the Debtors’ Proposed Procedures for Resolving Additional Assurance Requests [Docket No. 176], has authorized the Debtors to provide adequate assurance deposit, in the aggregate amount of $729,000.

  • Additionally, the Court, pursuant to the Interim Order (I) Approving the Debtors’ Proposed Adequate Assurance of Payment for Future Utility Services,(II) Prohibiting Utility Companies from Altering, Refusing, or Discontinuing Services, (III) Approving the Debtors’ Proposed Procedures for Resolving Additional Assurance Requests, and (IV) Granting Related Relief [Docket No. 76], has authorized the Debtors to provide adequate assurance deposit, in the aggregate amount of approximately $1,025,000.

  • Except as otherwise provided below, Assurance of Payment will be governed by the GT&Cs of this Agreement.

  • Additionally, the Court, pursuant to the Final Order (I) Prohibiting Utility Providers From Altering, Refusing, or Discontinuing Utility Service;(II) Determining Adequate Assurance of Payment for Future Utility Services;(III) Establishing Procedures for Determining Adequate Assurance of Payment; and (IV) Granting Related Relief [Docket No. 129], has authorized the Debtors to provide adequate assurance deposits, including an initial deposit in the aggregate amount of $37,500.00.

  • In addition, WSP acknowledges that WSP may be required to tender additional Assurance of Payment to AT&T-21STATE, if requested under the terms of this Agreement.

  • Three specific first day motions have descriptively titled events and shall be filed using those events: (1) “Application to Employ,” (2) “Motion to Use Cash Collateral,” and (3) “Motion for Continuation of Utility Service/Adequate Assurance of Payment Under Sec.

  • Such Notice period will start the day after the Assurance of Payment Notice is sent by certified mail or overnight delivery.

  • Assurance of Payment request Notices will be sent to WSP via certified mail or overnight delivery.

  • Except where the dispute pertains to technical feasibility or a lack of facilities, the Parties shall continue providing services to each other during the pendency of any dispute resolution procedure, and the Parties shall continue to perform their obligations (including making payments in accordance with the Assurance of Payment Section of the Agreement) in accordance with this Agreement.

  • Pursuant to the Debtors’ Motion for Entry of Interim and Final Orders (I) Prohibiting Utilities from Altering, Refusing, or Discontinuing Service;(II) Approving the Debtors’ Proposed Form of Adequate Assurance of Payment for Utilities; and (III) Establishing Procedures for Resolving Objections to the Debtors’ Proposed Form of Adequate Assurance [Docket No. 6], the Court entered interim and final orders [Docket Nos.

Related to Assurance of Payment

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • Place of Payment when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 301.

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, or confirmation of wire or automated clearinghouse transfer, and any other information required to demonstrate that payment has been made according to the EPA requirements, in the amount due, and identified with the appropriate docket number and Respondent’s name.

  • Guarantor of Payment means each of the Companies set forth on Schedule 2 hereof, that are each executing and delivering an Amended and Restated Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Effective Date.

  • Schedule of Payments means the schedule of payments disclosed on a Contract.

  • Indorsement has the meaning specified in Section 8-102(a)(11) of the UCC, and “Indorsed” has a corresponding meaning.

  • Debit Payment means a particular transaction where a debit is made.

  • Opinion of Bond Counsel means a written opinion of Bond Counsel.

  • Assurance means any warranty, representation, statement, assurance, covenant, agreement, undertaking, indemnity, guarantee or commitment of any nature whatsoever;

  • Qualified ECP Guarantor means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

  • Provider of financial assurance means an entity that provides financial assurance to an Owner or Operator of an underground storage tank through one of the mechanisms listed in these Regulations, including a guarantor, insurer, risk retention group, surety, issuer of a letter of credit, issuer of a state required mechanism, or a state.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Reassurance means to offer an individual encouragement and support.

  • Opinion of Independent Counsel means a written opinion of counsel issued by someone who is not an employee or consultant of the Company or any Guarantor and who shall be acceptable to the Trustee.

  • Qualified ECP an Obligor with total assets exceeding $10,000,000, or that constitutes an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” under Section 1a(18)(A)(v)(II) of such act.

  • Note Payment Sequence means the application of Interest Proceeds in accordance with the Interest Proceeds Priority of Payments or the application of Principal Proceeds in accordance with the Principal Proceeds Priority of Payments, as applicable, in the following order:

  • Payment Services means such Services as We provide in relation to payments into and out of Your Account.

  • hourly rate of pay means an employee's weekly rate of pay divided by thirty-five (35).

  • Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.

  • payment service means any business activity set out in Annex I;

  • Federal Assurances means Standard Form 424B (for non-construction projects) or Standard Form 424D (for construction projects) in Attachment B, attached hereto and incorporated herein for all purposes.

  • Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement;

  • Financial assurance means a commitment of funds or resources by an operator to a regulatory authority that satisfies the requirements in s. 14 and is sufficient to pay for reclamation activities required by this chapter.