4.
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PAYMENT AND CREDIT REGULATIONS (Cont'd) |
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4.2
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Security for Payment |
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(a) |
Authorization to Obtain Credit Information
The Company reserves the right to require all Customers to establish
credit worthiness to the reasonable satisfaction of the Company. Upon application
for service, Customer shall be deemed to have authorized the Company to
obtain such routine credit information and verification as the Company
shall require in accordance with its then existing credit policies.
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(b) |
Deposit
Prior to service activation or any permitted assignment, the Company
reserves the right to require any Customer whose credit worthiness has
not been established to the reasonable satisfaction of the Company to make
a deposit to guarantee payment of charges. After service activation, if
Customer's recurring charges are usage sensitive and Customer's actual
monthly usage exceeds Customer's estimated monthly usage by more than 25%,
a deposit or additional deposit may be required.
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(i) |
The total amount of any security deposit, if required by the Company,
shall be a maximum of the Customer's estimated charges for two (2) months'
service.Ê Deposits may be applied against any bill(s) owned by Customer
to the Company for service rendered hereunder and the Company's untariffed
domestic service and installation of service, to the extent that such bill(s)
are unpaid more than thirty (30) days after the bill date.
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(ii) |
After the initial thirty (30) days, a deposit will accrue interest
at a rate determined by the Company, but not to exceed eight (8) percent
per annum.
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(iii) |
A deposit will be returned by the Company under the following circumstances:
When an application for service has been canceled prior to service activation,
the deposit will be applied to any existing charges incurred in accordance
with the provisions of this tariff. The Company agrees to refund the excess
portion of the deposit, if any, within thirty (30) days following settlement
of Customer's account. Upon the discontinuance of service, the Company
will refund Customer's deposit to the extent that it exceeds any unpaid
charges for installation and service to Customer.
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