Laserfiche WebLink
SOW #1- SCHEDULE 4.0 <br />POSTAGE PAYMENT <br />4.1 Postace Payment. If Client presents snail that requires PBPS to pay the USPS for postage on Client's behalf, Client <br />will maintain a postage deposit or otherwise pay for such postage in advance of processing, using the method <br />described below. <br />4.2 Initial Payment. Client shall provide an advance postage payment equal to an estimated one (1) month of postage <br />($5,000) before submitting permit, 5 digit or unmetered trail for the first time under this SOW. <br />4.3 Payment Process. In addition to the initial payment, Client shall provide a postage payment for each month <br />sufficient to cover the estimated postage to be used during the following month. Client will provide authorization <br />for PBPS to withdraw the postage payment from Client's designated bank account. Client will receive a postage <br />statement of postage charges and payment receipts for reconciliation purposes. Any shortage of postage fimds <br />received will be added to the next regular postage payment (but in any event no more than thirty days after service) <br />and any excess postage funds received may be deducted from the next postage payment. <br />4.4 Interest. PBPS shall not be required to pay any interest to Client on such postage funds received. Interest paid or <br />fees charged by any banking entity, shall be between Client and the banking entity. <br />4.5 Return of Balance. Upon the termination of this SOW, PBPS shall return any excess fimds to Client after all fees <br />for services and postage charges have been paid to PBPS by Client. <br />4.6 Failure to Mahrtain. IF CLIENT FAILS TO MAINTAIN THE POSTAGE PAYMENTS AT THE THEN <br />APPLICABLE LEVEL(S), PBPS MAY IMMEDIATELY SUSPEND ITS PERFORMANCE UNDER THIS SOW <br />AND WILL, AT CLIENT'S OPTION, EITHER; (i) HOLD CLIENT'S MAIL UNTIL PAYMENT IS RECEIVED <br />OR (ii) RETURN THE MAIL TO CLIENT. IN THE EVENT THAT CLIENT'S POSTAGE FUND BALANCE IS <br />NEGATIVE FOR MORE THAN THREE (3) CONSECUTIVE DAYS, ON THE FOURTH DAY AND EACH <br />DAY THEREAFTER THAT THE BALANCE CONTINUES TO BE NEGATIVE, CLIENT SHALL PAY A <br />POSTAGE DEFICIT SURCHARGE EQUAL TO ONE -QUARTER OF A PERCENT ('/A%) OF THE NEGATIVE <br />BALANCE AMOUNT, BUT NOT TO EXCEED $2,500 PER DAY, OR THE MAXIMUM AMOUNT ALLOWED <br />BY LAW, IF LESS. <br />Page 12 of 15 <br />Proprietary and Confidential Information <br />PBPS Contract Mmaeement — Oct 2023 <br />