State USF Sample Clauses
The 'State USF' clause defines the obligations related to the collection and remittance of state Universal Service Fund (USF) charges. Typically, this clause specifies that the service provider will assess and collect applicable state USF surcharges from customers, which are then remitted to the appropriate state authorities. For example, telecommunications services provided within certain states may be subject to these surcharges, and the clause clarifies how these fees are handled in the billing process. Its core function is to ensure compliance with state regulations regarding USF contributions and to allocate responsibility for these charges between the parties.
State USF. If Seller is entitled to receive any State USF Funds as of the Closing Date that include State USF Funds relating to the Exchanges, then Buyer shall receive a pro rata share of such State USF Funds received by Seller, under Seller's methodology of computing such State USF Funds, pursuant to the applicable State USF rules and regulations. The State USF Funds due Buyer shall be determined by multiplying the number of Access Lines served by the Exchanges on the Closing Date time the per-line amount of USF support received by Seller for the appropriate period. The resulting Buyer's annual State USF amount shall be prorated in proportion to the number of months in the year from and after the Closing Date. Such sharing of Seller's State USF Funds shall discontinue upon commencement of the first period for which Buyer is permitted to make its own State USF filings, and in no event shall such sharing continue for more than 18 months after the Closing Date. Seller shall cooperate with Buyer and provide such reasonable assistance, at Buyer's expense, as may be required in connection with Buyer's preparation of necessary State USF filings or submissions.