WARRANTIES AND COVENANTS OF WAVEPHORE Sample Clauses

WARRANTIES AND COVENANTS OF WAVEPHORE. A. PAYMENT OF NETWORK SERVICE FEES. WavePhore hereby agrees to pay promptly when due all of the Network Service Fees. Payments made later than 45 days after the due date of such payment shall be subject to a late fee of 1-1/2% per month, or portion thereof, measured from the due date of such payment. Such payments shall be delivered to NDI at the following address or such other address as NDI may specify in a written notice to WavePhore from time to time: NATIONAL DATACAST, INC. 1320 Xxxxxxxx Xxxxx Alexandria, Virginia 22314 Attn: Accounts Receivable Department In connection with the foregoing, to the extent that a percentage of WavePhore's Cumulative or Annual Gross Revenue is payable by WavePhore, WavePhore agrees to provide a written report to NDI, on or before 45th day after the end of each quarter of service hereunder, specifying the amount of WavePhore's Gross Revenue, as the case may be, and the portion thereof owed to NDI hereunder.
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