Common use of Assurance of Payment Clause in Contracts

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA in connection with this Agreement. If CCA meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA in respect of any amounts to be paid by CCA hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA Marion shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA Marion (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA ▇▇▇▇▇▇ by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA ▇▇▇▇▇▇ by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon▇▇▇▇▇▇▇, for the Services to be provided by Verizon to CCA ▇▇▇▇▇▇ in connection with this Agreement. If CCA ▇▇▇▇▇▇ meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA ▇▇▇▇▇▇ shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA ▇▇▇▇▇▇ in respect of any amounts to be paid by CCA ▇▇▇▇▇▇ hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA Marion shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon ▇▇▇▇▇▇▇ makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA ▇▇▇▇▇▇ has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA ▇▇▇▇▇▇ from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA MTC shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA MTC (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA MTC by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA MTC by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA MTC in connection with this Agreement. If CCA MTC meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA MTC shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA MTC in respect of any amounts to be paid by CCA MTC hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇Verizon, CCA MTC shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA MTC has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA MTC from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA SLT shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA SLT (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA SLT by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA SLT by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon▇▇▇▇▇▇▇, for the Services to be provided by Verizon to CCA SLT in connection with this Agreement. If CCA SLT meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA SLT shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA SLT in respect of any amounts to be paid by CCA SLT hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA SLT shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA SLT has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA SLT from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA Dynalink shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA Dynalink (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA Dynalink by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA Dynalink by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA Dynalink in connection with this Agreement. If CCA Dynalink meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA Dynalink shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA Dynalink in respect of any amounts to be paid by CCA Dynalink hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA Dynalink shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA Dynalink has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA Dynalink from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇Verizon, CCA North Atlantic shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA North Atlantic (a) prior to the Effective Date, has failed to timely pay a bill ▇▇▇▇ rendered to CCA North Atlantic by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill ▇▇▇▇ rendered to CCA North Atlantic by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA North Atlantic in connection with this Agreement. If CCA North Atlantic meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA North Atlantic shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quartercalendar quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA North Atlantic in respect of any amounts to be paid by CCA North Atlantic hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇Verizon, CCA North Atlantic shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA North Atlantic has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA North Atlantic from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA Global Link shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA Global Link (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA Global Link by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA Global Link by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA Global Link in connection with this Agreement. If CCA Global Link meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA Global Link shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA Global Link in respect of any amounts to be paid by CCA Global Link hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA Global Link shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA Global Link has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA Global Link from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA Prospeed shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA Prospeed (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA Prospeed by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA Prospeed by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA Prospeed in connection with this Agreement. If CCA Prospeed meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA Prospeed shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quartercalendar quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA Prospeed in respect of any amounts to be paid by CCA Prospeed hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇Verizon, CCA Prospeed shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA Prospeed has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA Prospeed from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA WCS shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA WCS (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA WCS by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA WCS by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon▇▇▇▇▇▇▇, for the Services to be provided by Verizon to CCA WCS in connection with this Agreement. If CCA WCS meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA WCS shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA WCS in respect of any amounts to be paid by CCA WCS hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA WCS shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA WCS has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA WCS from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇Verizon, CCA CenturyLink shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA CenturyLink (a) prior to the Effective Date, has failed to timely pay a bill ▇▇▇▇ rendered to CCA CenturyLink by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill ▇▇▇▇ rendered to CCA CenturyLink by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA CenturyLink in connection with this Agreement. If CCA CenturyLink meets the condition in subsection 6.2(d6.2 (d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA CenturyLink shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA CenturyLink in respect of any amounts to be paid by CCA CenturyLink hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇Verizon, CCA CenturyLink shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA CenturyLink has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA CenturyLink from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA in connection with this Agreement. If CCA meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quartercalendar quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA in respect of any amounts to be paid by CCA hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA Northstar shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA Northstar (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA Northstar by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA Northstar by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA Northstar in connection with this Agreement. If CCA Northstar meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA Northstar shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA Northstar in respect of any amounts to be paid by CCA Northstar hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇Verizon, CCA Northstar shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA Northstar has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA Northstar from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇Verizon, CCA Global Link shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA Global Link (a) prior to the Effective Date, has failed to timely pay a bill ▇▇▇▇ rendered to CCA Global Link by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill ▇▇▇▇ rendered to CCA Global Link by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA Global Link in connection with this Agreement. If CCA Global Link meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA Global Link shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA Global Link in respect of any amounts to be paid by CCA Global Link hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇Verizon, CCA Global Link shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA Global Link has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA Global Link from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA LNS shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA LNS (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA LNS by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA LNS by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon, for the Services to be provided by Verizon to CCA LNS in connection with this Agreement. If CCA LNS meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA LNS shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA LNS in respect of any amounts to be paid by CCA LNS hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA LNS shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA LNS has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA LNS from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇Verizon, CCA CCI shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA CCI (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA CCI by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA CCI by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon▇▇▇▇▇▇▇, for the Services to be provided by Verizon to CCA CCI in connection with this Agreement. If CCA CCI meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA CCI shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quartercalendar quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA CCI in respect of any amounts to be paid by CCA CCI hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇Verizon, CCA CCI shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA CCI has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA CCI from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.

Assurance of Payment. 6.1 Upon request by ▇▇▇▇▇▇▇, CCA ▇▇▇▇▇▇ shall, at any time and from time to time, provide to Verizon adequate assurance of payment of amounts due (or to become due) to Verizon hereunder. 6.2 Assurance of payment of charges may be requested by Verizon if CCA ▇▇▇▇▇▇ (a) prior to the Effective Date, has failed to timely pay a bill rendered to CCA ▇▇▇▇▇▇ by Verizon or its Affiliates, (b) on or after the Effective Date, fails to timely pay a bill rendered to CCA ▇▇▇▇▇▇ by Verizon or its Affiliates, (c) in Verizon’s reasonable judgment, at the Effective Date or at any time thereafter, is unable to demonstrate that it is creditworthy, or (d) admits its inability to pay its debts as such debts become due, has commenced a voluntary case (or has had a case commenced against it) under the U.S. Bankruptcy Code or any other law relating to bankruptcy, insolvency, reorganization, winding-up, composition or adjustment of debts or the like, has made an assignment for the benefit of creditors or is subject to a receivership or similar proceeding. 6.3 Unless otherwise agreed by the Parties, the assurance of payment shall consist of an unconditional, irrevocable standby letter of credit naming Verizon as the beneficiary thereof and otherwise in form and substance satisfactory to Verizon from a financial institution acceptable to Verizon. The letter of credit shall be in an amount equal to two (2) months anticipated charges (including, but not limited to, both recurring and non-recurring charges), as reasonably determined by Verizon▇▇▇▇▇▇▇, for the Services to be provided by Verizon to CCA McGraw in connection with this Agreement. If CCA ▇▇▇▇▇▇ meets the condition in subsection 6.2(d) above or has failed to timely pay two or more bills rendered by Verizon or a Verizon Affiliate in any twelve (12)-month period, Verizon may, at its option, demand (and CCA McGraw shall provide) additional assurance of payment, consisting of monthly advanced payments of estimated charges as reasonably determined by Verizon, with appropriate true-up against actual billed charges no more frequently than once per Calendar Quarter. 6.4 [Intentionally Left Blank]. 6.5 [Intentionally Left Blank]. 6.6 Verizon may (but is not obligated to) draw on the letter of credit upon notice to CCA ▇▇▇▇▇▇ in respect of any amounts to be paid by CCA ▇▇▇▇▇▇ hereunder that are not paid within thirty (30) days of the date that payment of such amounts is required by this Agreement. 6.7 If Verizon draws on the letter of credit, upon request by ▇▇▇▇▇▇▇, CCA McGraw shall provide a replacement or supplemental letter of credit conforming to the requirements of Section 6.3. 6.8 Notwithstanding anything else set forth in this Agreement, if Verizon makes a request for assurance of payment in accordance with the terms of this Section, then Verizon shall have no obligation thereafter to perform under this Agreement until such time as CCA ▇▇▇▇▇▇ has provided Verizon with such assurance of payment. 6.9 The fact that a letter of credit is requested by Verizon hereunder shall in no way relieve CCA ▇▇▇▇▇▇ from compliance with the requirements of this Agreement (including, but not limited to, any applicable Tariffs) as to advance payments and payment for Services, nor constitute a waiver or modification of the terms herein pertaining to the discontinuance of Services for nonpayment of any amounts payment of which is required by this Agreement.