Common use of EXPENSES AND OTHER AMOUNTS OWING TO BANK Clause in Contracts

EXPENSES AND OTHER AMOUNTS OWING TO BANK. 4.1 Fees and Expenses Customer will pay Bank for its services under this Agreement such fees as may be agreed upon in writing from time to time, together with Bank's reasonable out-of-pocket or incidental expenses, directly related to the performance of its obligations under this Agreement including, but not limited to, legal fees and tax or related fees incidental to processing charged directly or indirectly by governmental authorities, issuers, or their agents but excluding salaries and usual overhead expenses. The Bank will invoice the Customer for amounts owing to it and such amounts will be payable within thirty (30) days of the receipt by the Customer of the invoice. The Bank will be entitled to deduct amounts owing to it from the Cash Account if the Customer has not objected to the invoice within thirty (30) days of the date of the invoice (or such other period as the parties may agree in writing). If the Customer disputes an invoice it shall nevertheless pay, or allow the Bank to deduct, such portion of the invoice that is not subject to a bona fide dispute. Without prejudice to Bank’s other rights, the Bank reserves the right to charge interest on overdue amounts from the due date until actual payment at such rate as the Bank may reasonably determine.