Common use of Costs of Service Clause in Contracts

Costs of Service. The Requesting Party must provide SSA with advance payment for the full annual cost of all services rendered under this User Agreement. The Requesting Party must deposit with SSA, either by company check or company credit card, a one–time, nonrefundable enrollment fee of five thousand dollars ($5,000), which will be applied to SSA’s total CBSV operating costs to reduce the actual transaction fees charged to all users. Payment for transaction fees will be submitted with a completed and signed Form SSA-1235 (Agreement Covering Reimbursable Services—Attachment C). Prior to the start of each new fiscal year, the Requesting Party must submit a new, signed Form SSA-1235, accompanied by the full payment of fees for estimated requests for that fiscal year. SSA will credit the account of the Requesting Party and “draw down” from the advanced payment as services are rendered. Services will be provided only if there are sufficient funds in the Requesting Party’s account. In cases when estimated costs have changed, the Requesting Party will remain in active status as long as its account balance is positive. No interest shall accrue to the advance payment. At least annually, SSA will review its costs related to providing the CBSV services, recalculate the transaction fee necessary for SSA to recover full costs, and adjust the transaction fees accordingly. SSA will notify the Requesting Party before any change to the transaction fee goes into effect. If the recalculation of costs results in increased or decreased in the fee, the Requesting Party must sign an amended Form SSA-1235 and may need to submit additional advance payments to continue receiving CBSV services.

Costs of Service. ‌ The Requesting Party must provide SSA with advance payment for the full annual cost of all services rendered under this User Agreement. The Requesting Party must deposit with SSA, either by company check or company credit card, a one–time, nonrefundable enrollment fee of five thousand dollars ($5,000), which will be applied to SSA’s total CBSV operating costs to reduce the actual transaction fees charged to all users. Payment for transaction fees will be submitted with a completed and signed Form SSA-1235 (Agreement Covering Reimbursable Services—Attachment C). Prior to the start of each new fiscal year, the Requesting Party must submit a new, signed Form SSA-1235, accompanied by the full payment of fees for estimated requests for that fiscal year. SSA will credit the account of the Requesting Party and “draw down” from the advanced payment as services are rendered. Services will be provided only if there are sufficient funds in the Requesting Party’s account. In cases when estimated costs have changed, the Requesting Party will remain in active status as long as its account balance is positive. No interest shall accrue to the advance payment. At least annually, SSA will review its costs related to providing the CBSV services, recalculate the transaction fee necessary for SSA to recover full costs, and adjust the transaction fees accordingly. SSA will notify the Requesting Party before any change to the transaction fee goes into effect. If the recalculation of costs results in increased or decreased in the fee, the Requesting Party must sign an amended Form SSA-1235 and may need to submit additional advance payments to continue receiving CBSV services.