Common use of OTHER APL OBLIGATIONS Clause in Contracts

OTHER APL OBLIGATIONS. A. Collection of Charges APL shall pay UP the Rates set forth in Exhibit B, adjusted in accordance with Section 13, as compensation for the transportation services described in this Agreement. Payment shall be made within thirty (30) days of receipt of an invoice from UP. However, if APL demonstrates that it received any UP invoice more than six calendar days after the date of the invoice, the payment period shall be extended, day for day, by the number of days beyond six days. If APL does not pay UP within the specified time period at UP's request, APL shall pay a late charge of 1.5% per month or the maximum rate then permissible by law, whichever is less.