Local Exchange Clause Samples
The Local Exchange clause defines the rules and procedures governing the use of a specific regional or local trading platform for the transaction of goods, services, or financial instruments. Typically, this clause specifies which local exchange will be used, the applicable regulations, and any requirements for participation or settlement. For example, it may require that all trades be executed through a designated city’s commodity exchange or that parties comply with local exchange membership rules. The core function of this clause is to ensure that transactions are conducted within a recognized and regulated marketplace, thereby providing structure, legal certainty, and risk mitigation for all parties involved.
Local Exchange. Routing Guide (LERG) is a Telcordia reference document used by carriers to identify NPA-NXX routing and homing information as well as network element and equipment designations.
Local Exchange. Carrier (LEC) - any company certified by the Commission to provide local exchange telecommunications service. This includes the Parties to this Agreement.
Local Exchange. CARRIER (LEC). Shall have the meaning set forth in the Act.
Local Exchange. Routing Guide (LERG) - the Bellcore reference customarily used to identify NPA-NXX routing and homing information, as well as network element and equipment designation.
Local Exchange. Routing Guide (LERG) ----------------------------------- The Telcordia Technologies reference customarily used to identify NPA-NXX routing and homing information, as well as network element and equipment designation.
Local Exchange. Carrier (LEC) - as used in this Appendix shall mean those Local Exchange Carriers or Local Service Providers using BCC CATS as a message tracking system.
Local Exchange. Carrier (LEC)
Local Exchange. CARRIER (LEC) - any company certified by the Commission to provide local exchange telecommunications service. This includes the Parties to this Agreement.
Local Exchange. Carrier or LEC means any common carrier authorized to provide exchange and exchange access services.
Local Exchange. CARRIER (LEC): Any one of the local telephone companies, as listed on Exhibit "A" hereto, providing intraLATA exchange telephone services or issuing calling cards and with whom USBI has entered into a billing and collection agreement. MTS (MESSAGE TELEPHONE SERVICES): Direct-dialed or operator assisted station-to-station or person-to-person telephone calls billed: (i) to the originating telephone number, (ii) collect to the terminating telephone number, (iii) to a third telephone number other than the originating or terminating telephone number, or (iv) to a LEC calling card or an IXC travel card. "Enhanced Telecommunications Services' or "Information Services" are not considered MTS calls herein and cannot be billed under this Agreement.