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services wilt occur via E -pay or invoices will generate prior to the applicable <br />service period and are due according to the terms on the Invoice. In addition to <br />the fees determined on the Plan Application, all interest on Plan fees shall be <br />retained by TASC as a supplemental fee and such fees shall be considered earned <br />at such time as any Interest accrues. <br />B. Any Plan funding ACH debits that are rejected or which, for any reason, are not <br />processed through the Plan Sponsor's bank will result in the Plan being placed in <br />delinquency status until such ACH debit is properly processed or otherwise <br />resolved. <br />C. TASC may adjust administrative fees on an annual basis at renewal with thirty <br />(30) days written notice of the fee change. <br />6. Default <br />A. Either party shall be in default under this Agreement upon the occurrence of one <br />or more of the following events: (i) the failure of that party to perform any material <br />term, condition or covenant of this Agreement; (ii) the ceasing of the conduct of <br />active business by the party; (iii) the institution of proceedings under bankruptcy <br />or insolvency laws by, for or against the party, or the appointment of the receiver <br />for that party or for that party's assets or properties, (iv) an assignment by that <br />party for the benefit of creditors, (v) and an admission by that party of its inability <br />to pay its debts as they become due, or (vi) non-compliance with law governing <br />the transactions under this Agreement. <br />B. Upon Default by either party that is non-compliant with applicable law governing <br />the transactions under this Agreement, when the non-compliance could reasonably <br />6 <br />