Payment of Preparation Sample Clauses

Payment of Preparation. Prior to any obligation on SBC-13STATE to start any preparation of the Physical Collocation Space, Collocator shall pay SBC-13STATE fifty percent (50%) of the Preparation Charge and eighty-five percent (85%) of any custom work charge required to create or vacate any entrance facility for the Collocator (“Custom Work”). Collocator also has the option of submitting a surety bond to cover these charges, in lieu of a check. The remainder of the Preparation Charge and any Custom Work charge are due upon completion and prior to occupancy by the Collocator.