Common use of AGREEMENT PRICE AND PAYMENTS Clause in Contracts

AGREEMENT PRICE AND PAYMENTS. For each year that this Membership Agreement is in effect, Member agrees to pay and MISS DIG agrees to accept the 3 As defined in MCL 460.723(dd). amount set forth in Exhibit 2, subject to revision on an annual basis, payable 30 days after MISS DIG submits to Member an invoice therefore. MISS DIG may change the annual charge by giving Member written notice of any such change by December 15 of the year preceding the year in which such change is to take effect. Member agrees that said notice shall be deemed given when sent by MISS DIG, and Member further agrees that such change shall be automatically effective unless Member terminates this Membership Agreement in accordance with the above Section 2. Member acknowledges and agrees that MISS DIG may charge Members a special assessment during the calendar year if MISS DIG’s board of directors determines that MISS DIG is projected to not be able to operate and fulfill its requirements as set forth in by the MISS DIG Act without a special assessment to members; provided, however, that such special assessment shall be in an amount reasonably necessary to fund MISS DIG’s operations for the remainder of the then current calendar year.