25E - AGMT MAIL PROCESSING - Laserfiche WebLink

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SOW #1- SCHEDULE 4.0 POSTAGE PAYMENT 4.1 Postaee Payment. If Client presents mail that requires PBPS to pay the USPS for postage on Client's behalf, Client will maintain a postage deposit or otherwise pay for such postage in advance of processing, using the method described below. 4.2 Initial Pa«nent. Client shall provide an advance postage payment equal to an estimated one (1) months' worth of postage before submitting permit, 5 -Digit or unmetered mail for the fust time under this SOW. 4.3 Payment Process. In addition to the initial payment, Client shall provide a postage payment for each month job sufficient to cover the estimated postage to be used during the following month job. Postage payment may be made by: 43.1 Client initiated payment to PBPS; or 432 Client authorization for PBPS to withdraw from Client's designated bank account Unless otherwise agreed by the parties in advance, such postage payment shall be made via electronic transfer. Client will receive a postage statement of postage charges and payment receipts for reconciliation purposes. Any shortage of postage funds received will be paid by Client with the next regular postage payment (but in any event no more than thirty days after service) and any excess postage funds received may be deducted from the next postage paymenL 4.4 Interest. PBPS shall not be required to pay any interest to Client on such postage funds received. Interest paid or fees charged by any banking entity, shall be between Client and the banking entity. 4.5 Returnof Balance. Upon the termination of this SOW, PBPS shall return any excess funds to Client after all Fees for services and postage charges have been paid to PBPS by ClienL 4.6 Failure to Maintain. IF CLIENT FAILS TO MAINTAIN THE POSTAGE PAYMENTS AT THE THEN APPLICABLE LEVEL(S), PBPS MAY IMMEDIATELY SUSPEND ITS PERFORMANCE UNDER THIS SOW AND WILL, AT CLIENT'S OPTION, EITHER: (i) HOLD CLIENT'S MAIL UNTIL PAYMENT IS RECEIVED OR (ii) RETURN THE MAIL TO CLIENT. IN THE EVENT THAT CLIENT'S POSTAGE FUND BALANCE IS NEGA= FOR MORE THAN THREE (3) CONSECUTIVE DAYS,, ON THE FOURTH DAY AND EACH DAY THEREAFTER THAT THE BALANCE CONTINUES TO BE NEGATIVE, CLIENT SHALL PAY A POSTAGE DEFICIT SURCHARGE EQUAL TO ONE-QUARTER OF A PERCENT (%%) OF THE NEGATIVE BALANCE AMOUNT, BUTNOT TO EXCEED $2,500 PER DAY, OR THE MAXIMUM AMOUNT ALLOWED BY LAW, IF LESS. Page 7 of 9 sR tBco,t�r Oc2018 25E-14