Examples of Assurance of Payment in a sentence
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.
Assurance of Payment ..............................................................................................
Deposit and Other Assurance of Payment: Applicants for Service or existing Customers whose financial condition is neither known nor acceptable to the Company may be required to provide a deposit, bond or other financial assurance of payment as a condition of the initial or continued receipt of Service.
Assurance of Payment .199Upon request by AT&T-22STATE, CLEC will provide AT&T-22STATE with the AT&T-22STATE Credit Profile form and provide information to AT&T-22STATE regarding CLEC’s credit and financial condition.
Page 26 of 339 Contract Id: 8363332 General Terms and Conditions/AT&T-21STATE Version: 1Q17 – Two-Way CMRS ICA – 01/18/17 9.6 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.
In the event of a default in payment of any amounts due from Shipper or failure to make up an undisputed negative imbalance within [***] ([***]) Business Days of receiving written demand from Gatherer, Gatherer may liquidate or draw upon the Adequate Assurance of Payment in order to satisfy Shipper’s obligations and require Shipper to replace the liquidated or drawn-upon funds in order to continue receiving Gathering Services.
Shipper may receive or continue to receive service if it provides Adequate Assurance of Payment within [***] ([***]) Business Days after the date Shipper receives written demand by Gatherer.
If at any time Shipper (or Shipper’s guarantor, if applicable) fails to be Creditworthy or fails to make payments according to Article 8, Gatherer may request Adequate Assurance of Payment.
In the event Shipper (or Shipper’s Guarantor, if applicable) becomes Creditworthy after providing Adequate Assurance of Payment, Gatherer agrees to return such Adequate Assurance of Payment to Shipper within [***] ([***]) Business Days of receiving written request from Shipper; provided that Gatherer shall only agree to return such Adequate Assurance of Payment if Shipper is current on all amounts due under this Agreement.
The Adequate Assurance of Payment must be provided in a minimum amount equal to [***] at the time such Adequate Assurance of Payment is requested.