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Minnesota Municipal Utilities Association <br /> <br />limits under the Agreement shall be equitably adjusted, if necessary, to compensate MMUA <br />for any additional costs due to the delay. <br /> <br />FINANCING CHARGES FOR LATE PAYMENTS: If Elk River fails to pay undisputed <br />invoiced amounts within 30 days alter delivery of invoice, additional charges shall become due <br />and payable at a rate of 1 '/2 percent per month (or the maximum percentage allowed by law, <br />whichever is lower) on the unpaid amounts. All payments shall first be credited against any <br />accrued interest. If Elk River fails to pay invoiced amounts within 60 days after delivery of <br />invoice, MMUA at its sole discretion, may suspend work hereunder without incurring any <br />liability or waiving any right established hereunder or by law. <br /> <br />WORK PRODUCT: Elk River shall preserve and protect MMUA's proprietary and copyright <br />interests, rights and privileges with respect to works of general application provided by <br />MMUA to Elk River. Elk River and MMUA may use and duplicate materials developed by <br />MMUA specifically for Elk River pursuant to this Agreement without obligation of royalty <br />or first seeking consent. <br /> <br />Page 5 <br /> <br /> <br />