Common use of Fees Due Clause in Contracts

Fees Due. All Registration Fees are due immediately upon receipt of Vox Populi's invoices. Vox Populi will typically nvoice Registrar after the end of each calendar month for Fees due. Vox Populi may invoice Registrar more frequently depending on a Registrars volume of transactions. Each invoice will detail each Vox Populi TLD and the Fees due for each Vox Populi TLD. In order to satisfy any outstanding account balances, Vox Populi may draw upon the Registrar's Payment Security. If this occurs, Registrar agrees to replenish Payment Security to the pre-draw level immediately upon completion of draw. If Registrar's Payment Security is depleted, registration of domain names for the Registrar will be suspended and new registrations will not be accepted until the Payment Security is replenished.