Acquirer's Payment Sample Clauses

Acquirer's Payment. In consideration for access to and use of the Facility and for the Services, Acquirer shall pay Seller in cash in immediately available funds U.S. $50,000 per month until this Agreement expires or terminates in accordance with Section 5 of this Agreement; provided, however, if Acquirer occupies or uses the Facility for any portion of a month, Acquirer shall pay Seller (in the manner provided in this Section 3) an amount equal to: (i) the total number of days in such portion of a month, divided by the total days in such month, (ii) multiplied by [*]. All payments to be made by Acquirer hereunder for each month (or any portion thereof) during the term of this Agreement shall be paid by Acquirer to Seller no later than ten (10] days following the end of such month. Any amount payable under this Section 3 that is not paid when due shall bear interest from and after the date on which such payment first became overdue at a monthly rate equal to the lesser of (i) ten percent (10%) or (ii) the maximum rate permitted under applicable law. Acquirer agrees to pay on demand all costs of collection, including reasonable attorneys' fees, incurred by Seller in collecting any such amounts.