CITY’S COMPLIANCE AND MONITORING FEE Sample Clauses

CITY’S COMPLIANCE AND MONITORING FEE. Collector shall charge and collect from all Customers for whom Collector is responsible for billing and collection a City Compliance and Monitoring Fee (“City Fee”) equal to one and a half percent (1.5%) of the total service charge for each Customer, and remit the City Fee to the City on a quarterly basis in accordance with a schedule to be determined by the Contract Officer. The City Fee is in addition to and separate from the rates charged by Collector and shall not be considered part of Collector’s rate for purposes of calculating rate adjustments under this Article 9. Each quarterly remission of the City Fee to City by Collector shall be accompanied by an accounting explaining the basis for the amount of the City Fee collected. City may, upon request of the Contract Officer, audit any and all of Collector’s records to determine whether the City Fee has been properly collected and remitted. If the City Fee is not timely submitted, or the City has reasonable grounds to believe that the full amount of the City Fee has not been remitted, City may withhold from any amount of fees collected by City on behalf of Collector an amount of such fees equal to the amount of the City Fee that City reasonably believes is owned to City by Collector until the time that City is reasonably satisfied that Collector has made full payment of the City Fee to the City.
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Related to CITY’S COMPLIANCE AND MONITORING FEE

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