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<br />2.13. The parties acknowledge that this Agreement is the result of arms-length negotiations, and <br />that the rates, terms and conditions set under this Agreement are just and reasonable. <br /> <br />ARTICLE 3. FEES AND CHARGES <br /> <br />3.01. The Licensee will pay to the City the fees and charges specified in Appendix A, and all <br />other costs and charges specified in this Agreement. <br /> <br />3.02. Irrespective of the date on which an Attachment is actually made, all Attachment Fees will <br />be calculated and payable for the entire year in which a Permit for the Attachment is issued. <br /> <br />3.03. The Licensee will submit to the City an annual inventory listing the locations and number <br />of the Licensee's Attachments to the Poles. This inventory will be for all Attachments in place <br />on January 1 st of each year and will be submitted to the City no later than February 1 st of each <br />year. Overlashing an existing Attachment will not be counted as a separate Attachment for <br />calculation of fees if the Licensee owns the overlashed cable and the new cable. If Attachments <br />of the Licensee are identified that are not listed on an inventory, the Licensee will pay the City at <br />three times the annual rate for the Attachments. <br /> <br />3.04. If the Licensee fails to submit an inventory, the Licensee will pay the City all costs <br />associated with the City's performance of an inventory ·of the Licensee's Attachments. In <br />addition, the Licensee will pay the City an amount equal to two times the current annual rate for <br />all attachments identified in the City's inventory for the year in which the inventory is completed. <br /> <br />3.05. The City will invoice the Licensee for Attachment Fees annually. The Licensee will pay <br />each invoice within 30 days after the date of the invoice. The Licensee will pay all other charges <br />assessed to the Licensee by the City under this Agreement within 30 days after the date the fee or <br />charge is due. For fees and charges for which the City is required to invoice the Licensee, the fees <br />or charges will be due 30 days after the date of the invoice. If the City does not receive any fee <br />or charge owed by the Licensee within 30 days after the date of an invoice, the Licensee will pay <br />interest to the City on the past due amount, compounded daily from the date due until the date <br />paid, at the maximum rate permitted by applicable law. <br /> <br />3.06. The City may make changes to the fees and charges set forth in Appendix A with at least <br />120 days prior written notice to the Licensee. The Licensee may terminate this Agreement at the <br />end of a notice period, if the change in fees and charges is not acceptable to the Licensee, by <br />giving the City written notice of its election to terminate this Agreement at least 30 days prior to <br />the end of the notice period. All fees contained in Appendix A are in effect and payable until <br />adjusted. <br /> <br />3.07. The Licensee will bear all costs, including payment of all amounts due to the City, for <br />Make-Ready Work required to accommodate the Licensee's Facilities. <br /> <br />5 <br />