Common use of Subscriber Payments Clause in Contracts

Subscriber Payments. Itau agrees to pay AOLB all ------------------- Subscriber Fees collected by or on behalf of Itau or its agents within three (3) Business Days after the day on which such amounts are collected. AOLB and Itau acknowledge that Itau's performance of billing services pursuant to Section 1.14 shall be as an agent to AOLB and that fees received by Itau from AOLB/Itau Subscribers shall be paid to AOLB and considered revenues to AOLB.