Assurance of Payment definition

Assurance of Payment means a guarantee of payment in the form of Cash Deposit, Letter of Credit or Surety Bond required by AT&T 21-STATE to ensure current and future Billed Amounts will be paid.
Sample 1Sample 2Sample 3
Assurance of Payment means (i) a cash deposit; (ii) a letter of credit; (iii) a certificate of deposit; (iv) a surety bond; (v) a prepayment of utility consumption; or (vi) another form of security that is mutually agreed on between the utility and the debtor or the trustee.35 In addition, in a Chapter 11 case (which this case was when the Debtor filed it), a utility may alter, refuse, or discontinue utility service if the utility has not received from the debtor or trustee the adequate assurance of payment within 30 days after the filing of the petition.36
Sample 1

Examples of Assurance of Payment in a sentence

  • Additionally, the Court, pursuant to the Final Order (I) Approving the Debtors’ Proposed Adequate Assurance of Payment for Future Utility Services,(II) Prohibiting Utility Companies from Altering, Refusing, or Discontinuing Services, and (III) Approving the Debtors’ Proposed Procedures for Resolving Additional Assurance Requests [Docket No. 176], has authorized the Debtors to provide adequate assurance deposit, in the aggregate amount of $729,000.

  • If WSP fails to comply with the foregoing, AT&T-21STATE thereafter shall be authorized to take action on the Surety Bond and utilize the cash proceeds as Assurance of Payment for WSP’s account(s).

  • In addition, WSP acknowledges that WSP may be required to tender additional Assurance of Payment to AT&T-21STATE, if requested under the terms of this Agreement.

  • Except as otherwise provided below, Assurance of Payment will be governed by the GT&Cs of this Agreement.

  • Such Notice period will start the day after the Assurance of Payment Notice is sent by certified mail or overnight delivery.

  • Assurance of Payment request Notices will be sent to WSP via certified mail or overnight delivery.

  • AT&T-21STATE reserves the right to request that WSP submit an updated Credit Application and provide a larger Assurance of Payment in the event that this Agreement is amended to add additional states and/or entities.

  • Additionally, the Court, pursuant to the Interim Order (I) Approving the Debtors’ Proposed Adequate Assurance of Payment for Future Utility Services,(II) Prohibiting Utility Companies from Altering, Refusing, or Discontinuing Services, (III) Approving the Debtors’ Proposed Procedures for Resolving Additional Assurance Requests, and (IV) Granting Related Relief [Docket No. 76], has authorized the Debtors to provide adequate assurance deposit, in the aggregate amount of approximately $1,025,000.

  • If WSP provides an Assurance of Payment or additional Assurance of Payment in the form of a Surety Bond as required herein, WSP shall renew the Surety Bond or provide AT&T-21STATE with evidence that WSP has obtained a suitable replacement for the Surety Bond at least seven (7) days prior to the cancellation date of the Surety Bond.

  • If AT&T-21STATE requires WSP to provide an Assurance of Payment, WSP shall provide such Assurance of Payment prior to the inauguration of service or within fifteen (15) days of AT&T-21STATE’s request, as applicable.

Related to Assurance of Payment

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • Place of Payment when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 301.

  • Date of Payment means the date on which NYSERDA requisitions a check from its statutory fiscal agent, the Department of Taxation and Finance, to make a Payment.

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Proof of payment means, as applicable, a copy of the check, confirmation of credit card or debit card payment, confirmation of wire or ACH transfer, and any other information required to demonstrate that payment has been made according to the EPA requirements, in the amount due, and identified with the Respondent’s name and Docket No. FIFRA-04-2021-0714(b).

  • Guarantor of Payment means each of the Companies set forth on Schedule 2 hereof, that are each executing and delivering an Amended and Restated Guaranty of Payment, or any other Person that shall deliver a Guaranty of Payment to Agent subsequent to the Effective Date.

  • Schedule of Payments means the schedule of payments disclosed on a Contract.

  • Indorsement has the meaning specified in Section 8-102(a)(11) of the UCC, and “Indorsed” has a corresponding meaning.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Debit Payment means a particular transaction where a debit is made.

  • Opinion of Bond Counsel means a written opinion of Bond Counsel.

  • Assurance means any act or action, whether written or oral, expressing an opinion or conclusion

  • Qualified ECP Guarantor means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

  • Provider of financial assurance means an entity that provides financial assurance to an Owner or Operator of an underground storage tank through one of the mechanisms listed in these Regulations, including a guarantor, insurer, risk retention group, surety, issuer of a letter of credit, issuer of a state required mechanism, or a state.

  • ualified ECP Guarantor means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

  • weekly rate of pay means an employee’s annual rate of pay divided by 52.176.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Reassurance means to offer an individual encouragement and support.

  • Opinion of Independent Counsel means a written opinion of legal counsel issued by someone who is not an employee or consultant of Parent, the Company or any Guarantor and who shall be acceptable to the Trustee.

  • Qualified ECP an Obligor with total assets exceeding $10,000,000, or that constitutes an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” under Section 1a(18)(A)(v)(II) of such act.

  • Note Payment Sequence means the application of Interest Proceeds in accordance with the Interest Proceeds Priority of Payments or the application of Principal Proceeds in accordance with the Principal Proceeds Priority of Payments, as applicable, in the following order:

  • Evidence of Insurability means a statement of proof of your medical history upon which acceptance for insurance will be determined by Liberty.

  • Payment Services means such Services as We provide in relation to payments into and out of Your Account.

  • hourly rate of pay means a full-time employee’s weekly rate of pay divided by thirty-seven decimal five (37.5); (taux de rémunération horaire)

  • Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.

  • payment service means any business activity set out in Annex I;