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10 <br /> provided by the Agency pursuant to this Agreement. This includes, but is not <br /> limited to, Bank's reliance upon instructions that may later conflict or be <br /> inconsistent with subsequent written instructions. The Agency agrees to assume <br /> all risks arising out of the use of such electronic methods to submit instructions <br /> and directions to the Bank, including the risk of the Bank acting on unauthorized <br /> instructions by an individual purporting to be a designated person on the <br /> incumbency certificate, and the risk of interception and misuse by third parties. <br /> Notwithstanding the foregoing, the Bank will accept transaction requests that it <br /> reasonably believes to be from Authorized Signers by telephone, letter, facsimile, <br /> or E-mail. However, in order to prevent fraud related activity, the Bank prohibits <br /> the use of public, non-firewall protected E-mail domain names (e.g. aol, hotmail, <br /> gmail, yahoo, etc.)as a method for submitting transaction requests. <br /> PAYMENT PROVISIONS <br /> 44. PAYMENTS <br /> Quarterly, after the last business day of each calendar quarter, the Bank shall <br /> submit to the Agency an invoice containing an itemized list of all costs and <br /> expenses incurred by the Bank in connection with this Agreement. The first <br /> payment will be for the calendar quarter ending <br /> The Agency will forward payment for service charges to the Bank, after the <br /> Agency verifies all activity and charges, within thirty (30) days of receipt of the <br /> invoice, provided there are no significant unreconciled differences. <br /> In the event services are rendered for less than a calendar quarter, or this <br /> Agreement is terminated prior to the end of a calendar quarter, the Agency shall <br /> pay the Bank's fee prorated for the portion of the calendar quarter such services <br /> are rendered or the Agreement is in effect, plus any costs and expenses incurred <br /> by the Bank for the.Accounts up to or subsequent to the date of termination. <br /> If the Bank does not meet its Service obligations, the Bank shall be required to <br /> negotiate a settlement with the Agency Contract Administrator for an appropriate <br /> reduction in charges. Such settlement shall be in addition to other rights and <br /> remedies available to the Agency under law and this Agreement. <br /> 45. TAXES <br /> It is mutually agreed and understood that all payments accrued on account of <br /> payroll taxes, unemployment contributions, any other taxes, insurance, or other <br /> expenses for the Bank's staff shall be the sole liability of the Bank. <br /> Statewide Custody Provider Program <br /> Agreement for Custody Services 23 <br /> 125 <br />