13. PAYMENT OF ACCOUNTS

(a) The Advertiser and the Advertising Agent jointly and severally undertake to pay all rates and charges due to the Station for the Booking at least ten (10) days before telecast unless credit facility is granted by the Station to the Advertiser or Advertising Agent. If credit facility is granted, payment for all rates and charges shall be made on or before the tenth (10th) day of the month following the presentation of monthly bills by the Station.

(b) In default of payment on the due date, the Station shall be entitled, without prejudice to any other remedy available to it, to refuse to transmit any advertisements for that Advertiser and/or Advertising Agent.

(c) An Advertising Agent's discount of 15% will be allowed for Station charges related to spots or other airtime, Station-owned or procured Programmes, and production.

(d) Interest Charges: The Station reserves the right to impose an interest charge of 1.5% per month on overdue accounts.