Common use of Additional Payment Obligations Clause in Contracts

Additional Payment Obligations. All payments will be made in the currency set forth in the applicable Transaction Document. Fees are due within 30 days from receipt of Company’s invoice (or as otherwise set forth in the invoice). Any payment not received from Customer by the due date will be a material breach of this Agreement and Company will be entitled to suspend any or all of its performance obligations under this Agreement. In addition, past due amounts are subject to a service charge equal to the lesser of (i) one and one-half percent per month or (ii) the maximum rate allowed by law. However, late fees will not apply to the extent a payment is the subject of a good faith dispute between the parties provided that Customer has notified Company of the dispute in writing and is working with Company to expeditiously resolve the dispute. Customer will also reimburse Company for all reasonable and actual costs incurred by Company in collection of delinquent amounts not subject to a good faith dispute.