WITHIN 30 DAYS OF THE EFFECTIVE DATE OF THIS AGREEMENT, THE SETTLING PARTY, INDIANAPOLIS POWER & LIGHT, SHALL PAY TO THE EPA HAZARDOUS SUPERFUND $73,412.00 IN REIMBURSEMENT OF PAST RESPONSE COSTS. IN ADDITION TO THE INTEREST $500.00 PER VIOLATION PER DAY THAT SUCH PAYMENT IS LATE. PENALTIES SHALL ACCRUE AS REGARDLESS OF WHETHER EPA HAS NOTIFIED THE SETTLING PARTY OF THE VIOLATION OR MADE A DEMAND FOR PAYMENT