Accounting for Payments. 4.6.1 Any amounts which remain unpaid after the date they are due to UFRF under this Section 4, Section 2, Section 7 or any other section of this Agreement shall accrue interest from the due date at the rate of [...***...] per month. However, in no event shall this interest provision be construed as a grant of permission for any payment delays. Licensee shall also be responsible for repayment to UFRF of any attorney, collection agency, or other out-of-pocket UFRF expenses required to collect overdue payments due from this Section 4, Section 2, Section 7 or any other applicable section of this Agreement.
Appears in 2 contracts
Samples: Myriant Corp, Myriant Corp
Accounting for Payments. 4.6.1 4.7.1 Any amounts which remain unpaid after the date they are due to UFRF under this Section 4, Section 2, Section 7 or any other section of this Agreement shall accrue interest from the due date at the rate of [...***...] per month. However, in no event shall this interest provision be construed as a grant of permission for any payment delays. Licensee shall also be responsible for repayment to UFRF of any attorney, collection agency, or other out-of-pocket UFRF expenses required to collect overdue payments due from this Section 4, Section 24, Section 7 or any other applicable section of this Agreement.
Appears in 2 contracts
Samples: Myriant Corp, Myriant Corp
Accounting for Payments. 4.6.1 4.9.1 Any amounts which remain unpaid after the date they are due to UFRF under this Section 4, Section 7, Section 2, Section 7 or any other section of this Agreement agreement shall accrue interest from the due date at the rate of [...***...] three quarters of one percent interest (0.75%) per month. However, in no event shall this interest provision be construed as a grant of permission for any payment delays. Licensee shall also be responsible for repayment to UFRF of any attorney, collection agency, or other out-of-pocket UFRF expenses required to collect overdue payments due from this Section 4, Section 27, Section 7 2 or any other applicable section of this Agreement.
Appears in 1 contract
Samples: XORTX Therapeutics Inc.
Accounting for Payments. 4.6.1 4.8.1 Any amounts amount which remain unpaid after the date they are due to UFRF under this Section 4, Section 2, Section 7 or any other section of this Agreement shall accrue interest from the due date at the rate of [...***...] per month. However, in no event shall this interest provision be construed as a grant of permission for any payment delays. Licensee shall also be responsible for repayment to UFRF of any attorney, collection agency, or other out-of-pocket UFRF expenses required to collect overdue payments due from this Section 4, Section 2, Section 7 or any other applicable section of this Agreement.
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