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<br />ATTACHMENT B <br /> <br />PAYMENT TERMS <br /> <br />1. Revenue Sharing Percentage <br /> <br />For the provision of all services and technology outlined in this contract, PSC shall obtain payment <br />exclusively from the revenues PSC helps generate. There shall be no upfront systems development, <br />licensing, conversion, equipment, travel or other costs. PSC shall purchase, configure, install, and <br />customize all systems and processes PSC requires to provide the False Alarm Management Services <br />described herein. The Revenue Sharing schedule is as follows: <br /> <br />PSC's Percentage Share of Collected Revenue <br /> <br />Alarm FeesandChare:es <br /> <br />Revenue Years 1 through .3 <br /> <br />38% <br /> <br />38% <br /> <br />The First Revenue Year shall begin when revenue collections begin. The only amounts that shall be paid <br />and subtracted from gross revenue before the revenue sharing percentages are applied are: <br /> <br />1. Refunds, authorized in writing by La Porte, of amounts paid to alarm users; <br />2. Bank fees charged by a La Porte-approved bank; and, <br />3. Third-party credit card processing charges, if any. <br /> <br />The percentages in the Option Years are proposed targets and are predicated on La Porte extending the <br />contract term to additional Program years. The percentages are also based on several assumptions over <br />which PSC has little or no control: <br /> <br />· The Ordinance fee and fine schedules remain at levels equal to or greater than in Revenue Years <br />1 through 3; <br />· La Porte adopts a fair, but firm approach to granting appeals and <br />· La Porte actively supports enforcement ofthe Alarm Ordinance, including support of reasonable <br />measures to collect all amounts due for violations of the Ordinance. <br /> <br />Payment Terms <br /> <br />La Porte and PSC agree to a collection and payment procedure whereby: <br /> <br />1. All false alarm fee and fine collections from any payment method, including but not limited to <br />bank lockbox, and online credit card, shall be deposited, as soon as practical, in a Central False <br />Alarm Bank Account ("False Alarm Account") to be established at a mutually agreeable <br />Commercial Bank; <br />2. La Porte and PSC shall agree to maintain a minimum, positive balance of available funds at all <br />