Undercharges. If, as a result of an internal audit of its charges to any Customer, TPA determines that it has undercharged such Customer, TPA may provide such Customer with an invoice in respect of such amount. Any such invoice shall include the information specified in Section 11.3 and evidence that the amount was not charged to such Customer previously. Upon receipt of this information and evidence, Customer shall promptly pay to TPA the amount of the undercharge, plus interest at the prime rate published by the Wall Street Journal plus two percent (2%) pro rated per month (but in no event to exceed the highest lawful rate of interest), calculated from the later of the date such undercharge should have been paid until the date of payment to TPA unless disputed in good faith.
Appears in 2 contracts
Sources: Insurance Administrative Services Agreement (Bma Variable Annuity Account A), Insurance Administrative Services Agreement (Bma Variable Life Account A)