Common use of Drawing on Deposit/Assurance of Payment Clause in Contracts

Drawing on Deposit/Assurance of Payment. CenturyLink may (but is not obligated to) draw on the letter of credit or cash deposit, as applicable, upon notice to MetTel in respect of any amounts to be paid by MetTel hereunder that are not paid within thirty (30) calendar days of the date that payment of such amounts is required by this Agreement.

Drawing on Deposit/Assurance of Payment. CenturyLink may (but is not obligated to) draw on the letter of credit or cash deposit, as applicable, upon notice to MetTel BendTel in respect of any amounts to be paid by MetTel BendTel hereunder that are not paid within thirty (30) calendar days of the date that payment of such amounts is required by this Agreement.

Drawing on Deposit/Assurance of Payment. CenturyLink may (but is not obligated to) draw on the letter of credit or cash deposit, as applicable, upon notice to MetTel Spectrotel in respect of any amounts to be paid by MetTel Spectrotel hereunder that are not paid within thirty (30) calendar days of the date that payment of such amounts is required by this Agreement.