Common use of Delaware Funds Clause in Contracts

Delaware Funds. Xxxxxx will xxxx each Fund on a monthly basis for the fees and expenses owed to Mellon by such Fund under this Agreement. The monthly xxxx shall be set forth on a detailed invoice in a form mutually agreed upon by Mellon and the Funds. Mellon shall send such invoice to each Fund no later than fifteen (15) days after the last day of each month; provided, however, that the failure by Mellon to do so shall not be considered a breach of this Agreement. Each Fund shall pay such invoice within fifteen (15) days of receipt of such invoice by such Fund. Any undisputed fees or expenses that are not paid by a Fund within the required time frame shall be subject to a late fee of 1.5% of the amount billed for each month that such fees or expenses remain unpaid, and the late fee shall be due and payable upon demand. No Fund shall dispute the minimum fees set forth in Schedule C. If any fees over and above the minimum fees set forth in Schedule C or any expenses are disputed by a Fund, Mellon and such Fund shall work together in good faith to resolve the dispute promptly.