Form of Deposit/Assurance of Payment. Unless otherwise agreed by the Parties, the deposit or assurance of payment shall, at CenturyLink’s option, consist of (a) a cash security deposit in U.S. dollars held by CenturyLink, or (b) an unconditional, irrevocable standby letter of credit naming CenturyLink as the beneficiary thereof and otherwise in form and substance satisfactory to CenturyLink from a financial institution acceptable to CenturyLink.
Appears in 22 contracts
Sources: Traffic Exchange Agreement, Resale Agreement, Resale Agreement
Form of Deposit/Assurance of Payment. Unless otherwise agreed by the Parties, the deposit or assurance of payment shall, at CenturyLinkCenturyTel’s option, consist of (a) a cash security deposit in U.S. dollars held by CenturyLinkCenturyTel, or (b) an unconditional, irrevocable standby letter of credit naming CenturyLink CenturyTel as the beneficiary thereof and otherwise in form and substance satisfactory to CenturyLink CenturyTel from a financial institution acceptable to CenturyLinkCenturyTel.
Appears in 2 contracts
Sources: Interconnection Agreement, Interconnection, Resale and/or Unbundling Agreement
Form of Deposit/Assurance of Payment. Unless otherwise agreed by the Parties, the deposit or assurance of payment shall, at CenturyLink’s option, shall consist of (a) a cash security deposit in U.S. dollars held by CenturyLink, or (b) an unconditional, irrevocable standby letter of credit naming CenturyLink as the beneficiary thereof and otherwise in form and substance satisfactory to CenturyLink from a financial institution acceptable to CenturyLink.
Appears in 1 contract
Sources: Traffic Exchange Agreement