Common use of Amount of Deposit Clause in Contracts

Amount of Deposit. The deposit will be the greater of three (3) times the estimated average monthly bill at the location or three (3) times the average monthly bill of that consumer class. Consumers or prospective consumers whose credit rating has been established satisfactorily by their record of payment or otherwise will not be required to make a cash deposit. At the Cooperative’s discretion, a consumer may pay the deposit in installments over the first three (3) months of service. For non-residential consumers, the Cooperative may require a higher deposit by special contract.

Amount of Deposit. The deposit will be the greater of three (3) times the estimated average monthly bill at the location locationfor the consumer or three (3) times the average monthly bill of that consumer class. Consumers or prospective consumers whose credit rating has been established satisfactorily by their record of payment or otherwise will not be required to make a cash deposit. At the Cooperative’s discretion, a consumer may pay the deposit in installments over the first three (3) months of service. For non-residential consumers, the tThe Cooperative may require a higher deposit by special contract.