Common use of Accounting for Payments Clause in Contracts

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

AutoNDA by SimpleDocs

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.

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: License Agreement (Sun BioPharma, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.