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Any other term used in this Agreement that is defined in an Exhibit shall be construed and <br /> interpreted as defined in that Exhibit. <br /> 6. STATEMENT OF WORK <br /> Grantee shall complete the Work as described in this Agreement and in accordance with the <br /> provisions of Exhibit A. The State shall have no liability to compensate Grantee for the delivery <br /> of any goods or the performance of any services that are not specifically set forth in this Agreement. <br /> 7. PAYMENTS TO GRANTEE <br /> A. Maximum Amount <br /> Payments to Grantee are limited to the unpaid, obligated balance of the Grant Funds. The <br /> State shall not pay Grantee any amount under this Agreement that exceeds the Agreement <br /> Maximum shown on the Signature and Cover Page of this Agreement. <br /> B. Payment Procedures <br /> i. Invoices and Payment <br /> a. The State shall pay Grantee in the amounts and in accordance with the schedule <br /> budget, and other conditions set forth in Exhibits A and B. <br /> b. Grantee shall initiate payment requests by invoice to the State, in a form and <br /> manner approved by the State. <br /> c. The State shall pay each invoice within 45 days following the State's receipt of <br /> that invoice, so long as the amount invoiced correctly represents Work completed <br /> by Grantee and previously accepted by the State during the term that the invoice <br /> covers. If the State determines that the amount of any invoice is not correct, then <br /> Grantee shall make all changes necessary to correct that invoice. <br /> d. The acceptance of an invoice shall not constitute acceptance of any Work <br /> performed or deliverables provided under this Agreement. <br /> ii. Interest <br /> Amounts not paid by the State within 45 days of the State's acceptance of the invoice <br /> shall bear interest on the unpaid balance beginning on the 45th day at the rate of 1%per <br /> month,as required by §24-30-202(24)(a), C.R.S.,until paid in full;provided,however, <br /> that interest shall not accrue on unpaid amounts that the State disputes in writing. <br /> Grantee shall invoice the State separately for accrued interest on delinquent amounts, <br /> and the invoice shall reference the delinquent payment,the number of day's interest to <br /> be paid and the interest rate. <br /> iii. Payment Disputes <br /> If Grantee disputes any calculation, determination or amount of any payment, Grantee <br /> shall notify the State in writing of its dispute within 30 days following the earlier to <br /> occur of Grantee's receipt of the payment or notification of the determination or <br /> calculation of the payment by the State.The State will review the information presented <br /> by Grantee and may make changes to its determination based on this review. The <br /> calculation, determination or payment amount that results from the State's review shall <br /> not be subject to additional dispute under this subsection. No payment subject to a <br /> dispute under this subsection shall be due until after the State has concluded its review, <br /> Contract Number:CTGG1 2018-1605 Page 6 of 22 Version 0817 <br />