Common use of Payment Security Clause in Contracts

Payment Security. Provision of SERVICE is contingent on credit approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements or other indications of Customer's financial and business circumstances. If Customer's financial or business circumstances or payment history is or, during the TERM, becomes unacceptable to Sprint, then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Customer's failure to provide such security within 15 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.

Appears in 2 contracts

Samples: Wholesale Solutions Switched Services Agreement (Valor Telecommunications Southwest LLC), Wholesale Solutions Switched Services Agreement (Valor Telecommunications Services Lp)

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Payment Security. Provision of SERVICE Service is contingent on credit approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements statements, or other indications of Customer's financial and business Financial circumstances. If Customer's financial or business circumstances or payment history is or, during the TERM, or becomes unacceptable to Sprint, then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Customer's failure to provide such security within 15 10 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.

Appears in 1 contract

Samples: Resale Solutions Switched Services Agreement (Avtel Communications Inc/Ut)

Payment Security. Provision of SERVICE Service is contingent on credit approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements statements, or other indications of Customer's financial and business circumstances. If Customer's financial or business circumstances or payment history is or, during the TERM, or becomes unacceptable to Sprint, then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Customer's failure to provide such security within 15 20 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.. SPRINT PROPRIETARY INFORMATION - RESTRICTED

Appears in 1 contract

Samples: Resale Solutions Switched Services Agreement (Telegroup Inc)

Payment Security. Provision of SERVICE Service is contingent on credit approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements or other indications of Customer's financial and business circumstances. If Customer's financial or business circumstances or payment history is or, during the TERMTerm, becomes unacceptable to Sprint, then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Customer's failure to provide such security within 15 10 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.

Appears in 1 contract

Samples: Resale Solutions Switched Services Agreement (Logix Communications Enterprises Inc)

Payment Security. Provision of SERVICE is contingent on credit approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements or other indications of Customer's financial and business circumstances. If Customer's financial or business circumstances or payment history is or, during the TERM, becomes unacceptable to Sprint, then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Customer's failure to provide such security within 15 10 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.

Appears in 1 contract

Samples: Wholesale Solutions Switched Services Agreement (GTC Telecom Corp)

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Payment Security. Provision of SERVICE Service is contingent on credit approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements statements, or other indications of Customer's financial and business circumstances. If Customer's financial or business circumstances or payment history is or, during the TERM, or becomes unacceptable to Sprint, then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Customer's failure to provide such security within 15 20 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.

Appears in 1 contract

Samples: Resale Solutions Switched Services Agreement (Gci Inc)

Payment Security. Provision of SERVICE Service is contingent on credit credit. approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements or other indications of Customer's financial and business circumstances. If Customer's financial or business circumstances or payment history is or, during the TERM, Term; becomes unacceptable to Sprint, then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Customer's failure to provide such security within 15 10 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.

Appears in 1 contract

Samples: Wholesale Solutions Switched Services Agreement (Netwolves Corp)

Payment Security. Provision of SERVICE Service is contingent on credit approval by Sprint. Upon request by Sprint, Customer shall provide Sprint with financial statements or other indications of Customer's financial and business circumstances. If Customer's financial or business circumstances or payment history is or, during the TERMTerm, becomes unacceptable to Sprint, Sprint then Sprint may require a deposit, irrevocable letter of credit or other form of security acceptable to Sprint. Sprint Customer's failure to provide such security within 15 10 days following Sprint's reasonable request shall constitute a default under Subparagraph 4.2.

Appears in 1 contract

Samples: Wholesale Solutions Switched Services Agreement (Logix Communications Enterprises Inc)

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