Payment of Fees and Charges.
POU Fees.
IOU agrees that it will pay to POU a fee, calculated in accordance with Attachment A hereto (the "Set-Up Fee"), in order to cover POU's costs of establishing the procedures, systems, and mechanisms necessary to perform Consolidated Billing Service. In addition, IOU also agrees to pay to POU an annual fee, calculated in accordance with Attachment A hereto, payable monthly in arrears as provided in Section __ hereof (the "Recurring Fees") for Consolidated Billing Service rendered pursuant to Section __ and Attachment A to this Agreement. IOU agrees to pay to POU fees that will permit recovery of the POU's incremental cost of establishing procedures, systems and mechanisms necessary to perform Consolidated Billing Service in connection with the NBCs. [Parties may wish to negotiate changing the term "incremental cost" to "reasonable cost" or defining what "incremental" means. Parties may also wish to negotiate some or all of the Set Up Fee being paid up-front rather than after-the-fact.]
Payment of POU Fees and Charges.
IOU agrees to pay POU the Set-Up Fee, in the manner provided in Section __ below. After receipt of POU's invoice ___ days in advance, IOU agrees to pay to POU its Recurring Fees in monthly installments by the ___ day of each month in the manner provided in Section __ below. To the extent that any invoiced amounts described in this Section ___ are not fully paid within ___ days after presentation, and IOU has not objected to POU in writing by such date, IOU agrees that POU shall have the right to deduct from any future Remittance(s) the unpaid and overdue amount which is not the subject of any such objection by such date, until such invoice is paid in full or until the dispute over the amount due has been resolved.
Method of Payment.
Except as otherwise expressly provided herein, any payment from either Party to the other Party under this Agreement shall be made by wire transfer of immediately available funds to the bank account designated by the receiving Party or, if mutually agreed, paid by means of a check or warrant sent to the recipient's address indicated in accordance with Section ___ hereof. Where the Parties have made arrangements for a bank or other third party to remit funds from one Party to the other Party, proper identification of the bank or third party, including the account number, shall be furnished in writing. The remitting Party shall reasonably cooperate in correcting any bank or other third-party errors and shall not be relieved of its payment responsibilities because of such errors.
Except as expressly provided otherwise herein or under any Applicable Law, POU shall be required to pay all expenses incurred by it in connection with its activities under this Agreement (including any fees to and disbursements by accountants, counsel, or any other person, any taxes, fees, surcharges or levies imposed on POU, and any expenses incurred in connection with reports to be provided hereunder) out of the compensation paid to it pursuant to this Section __, and POU shall not be entitled to any extra payment or reimbursement therefor.
Interest
Except as provided in Sections __, any Delinquent Payment under this Agreement (whether or not a regularly scheduled payment) shall bear interest at the Late Payment Rate.