Common use of Credit Approval and Deposits Clause in Contracts

Credit Approval and Deposits. Customer shall provide Level 3 with credit ---------------------------- information as requested, and delivery of Service is subject to credit approval. Xxxxx 0 may require Customer to make a deposit (which will not exceed Customer's estimated charges for two months' Service) as a condition to Level 3's acceptance of any Customer Order, or as a condition to Level 3's continuation of Service, which deposit shall be held by Level 3 as security for payment of Customer's charges. At such time as the provision of Service to Customer is terminated, the amount of the deposit will be credited to Customer's account and any credit balance which may remain will be refunded.

Appears in 3 contracts

Samples: Strategic Marketing and Sales Agreement (Data Return Corp), Strategic Marketing and Sales Agreement (Data Return Corp), Strategic Marketing and Sales Agreement (Data Return Corp)

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Credit Approval and Deposits. Customer shall will provide Level 3 with credit ---------------------------- information as requested, and delivery of Service is subject to credit approval. Xxxxx 0 may require Customer to make a deposit (which will not exceed Customer's estimated charges for two months' Service) as a condition to of Level 3's ’s acceptance of any Customer Order, Order or as a condition continuation of: a) any usage-based Service; or b) any non-usage based Service where Customer fails to timely make any payment due hereunder or Level 3 reasonably determines that Customer has had an adverse change in financial condition. Deposits will not exceed 2 months’ estimated charges for Service and will be due upon Level 3's continuation of Service’s written request. When Service is discontinued, which deposit shall be held by Level 3 as security for payment of Customer's charges. At such time as the provision of Service to Customer is terminated, the amount of the deposit will be credited to Customer's ’s account and any credit the balance which may remain will be refunded.

Appears in 1 contract

Samples: Master Service Agreement (Netsuite Inc)

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Credit Approval and Deposits. Customer shall will provide Level 3 with credit ---------------------------- information as requested, and delivery of Service is subject to credit approval. Xxxxx 0 may require Customer to make a deposit (which will not exceed Customer's estimated charges for two months' Service) or deliver another form of security as a condition to Level 3's acceptance of any Customer Order, or as a condition to Level 3's continuation of Service, which . The deposit shall will be held by Level 3 as security for payment of Customer's charges. At such time as the provision of When Service to Customer is terminated, the amount of the deposit will be credited to Customer's account and any remaining credit balance which may remain will be refunded.

Appears in 1 contract

Samples: Master Service Agreement (Eacceleration Corp)

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