CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in United States dollars by wire transfer to such bank account as Seller may designate from time to time within no more than ten (10) days when such payment is due. Buyer shall pay interest to Seller on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to *** as reported by Seller's bank from time to time calculated on the number of days such payment is delinquent.
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in United States dollars by transfer to such bank account as Millennium or Bayer (as applicable) may designate from time to time within no more than ten (10) days of invoice or when such payment is due in accordance with the provisions of this Agreement. Any royalty payments due hereunder with respect to sales outside of the United States shall be payable in their U.S. Dollar equivalents, calculated using the applicable conversion rates for buying United States dollars as published by THE WALL STREET JOURNAL for the last business day of the calendar quarter for which the royalties are payable. Millennium or Bayer, as the case may be, shall pay interest to the other Party on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to the lesser of the London Interbank Offering Rate of interest plus one percent (1%), as reported by Citibank, N.A. for the applicable period, or the highest rate permitted by applicable law, calculated on the number of days such payment is delinquent.
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in U.S. dollars by transfer to such bank account as Emory may designate from time to time as follows: (i) for all payments due under Sections 3.4 and 3.7, on the date the corresponding report is due in accordance with Section 3.4.7.1; and (ii) for all other amounts due hereunder, within [**] after the due date specified herein or, in the case of expenses invoiced in accordance with Section 6.2, the date Achillion receives Emory’s invoice. In the event Emory fails to designate a bank account, Achillion may remit payment to Emory to the address applicable for the receipt of notices hereunder. Any payments due under Sections 3.4 and 3.7 with respect to Sales outside of the United States shall be payable in their U.S. dollar equivalents, calculated using the applicable conversion rates for buying U.S. dollars as published by The Wall Street Journal for the last business day of the Calendar Quarter for which the payments are payable. Achillion shall pay interest to Emory on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to two percent (2%) above the prime rate in effect as published in The Wall Street Journal on the date the payment is due, or the highest rate permitted by applicable law, calculated on the number of days such payment is delinquent. The payment of such interest shall not foreclose Emory from exercising any other rights it may have because any payment is overdue.
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in United States dollars by transfer to such bank account as BD or Newco may designate from time to time within no more than thirty (30) days of invoice or when such payment is due in accordance with the provisions of this Agreement. Any royalty payments due hereunder with respect to sales outside of the United States shall be payable in U.S. Dollars; provided, however, that if any payment on account of Net Sales is received by BD, Newco or TriPath in a foreign currency, such amount shall be converted monthly to United States funds at the rate published by Reuters on the last Wednesday of the month in which Net Sales occurred (or such other publicly available source as BD may subsequently utilize generally in its currency accounting procedures, in which case BD shall provide notice to Newco and TriPath promptly of any such change). Each of BD, TriPath and Newco shall pay interest to the Party entitled to payment on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to the lesser of the [*****] for the applicable period, or the highest rate permitted by applicable law, calculated on the number of days such payment is delinquent. In the event any invoice issued by a Party contains any terms which conflict with the terms of this Agreement, the terms of this Agreement shall prevail.
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under ---------------------------------------------- this Agreement shall be made in United Stated dollars by transfer to such bank account as CURIS may designate from time to time within no more than ten (10) days of invoice or when such payment is due in accordance with the provisions of this Agreement. Any royalty payments due hereunder with respect to sales outside of the United States shall be payable in their U.S. Dollar equivalents, calculated using the applicable conversion rates for buying United States dollars as published by The Wall Street Journal for the last business day of the calendar quarter for which the amounts are payable. MICROMET shall pay interest to CURIS on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to the lesser of the London Interbank Offering Rate of interest plus one percent (1%), as reported by Citibank, N.A. for the applicable period, or the highest rate permitted by applicable law, calculated on the number of days such payment is delinquent
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in United States dollars by transfer to such bank account as MPMx may designate from time to time within no more than [**] of invoice or when such payment is due in accordance with the provisions of this Agreement. Any royalty payments due hereunder with respect to sales outside of the United States shall be payable in U.S. Dollars; provided, however, that if any payment on account of Net Sales is received by Becton Dickxxxxx xx a foreign currency, such amount shall be converted monthly to United States funds at the rate published by Reuters on the last Wednesday of the month in which Net Sales occurred (or such other publicly available source as Becton Dickxxxxx xxx subsequently utilize generally in its currency accounting procedures, in which case Becton Dickxxxxx xxxll provide notice to MPMx promptly of any such change). Becton Dickxxxxx xxxll pay interest to MPMx on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to the lesser of the U.S. prime rate reported by THE WALL STREET JOURNAL for the applicable period, or the highest rate permitted by applicable law, calculated on the number of days such payment is delinquent. In the event any invoice issued by MPMx contains any terms which conflict with the terms of this Agreement, the terms of this Agreement shall prevail.
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in United States dollars by transfer to such bank account as KNC may designate from time to time. Any payments due hereunder with respect to sales outside of the United States shall be payable in U.S. Dollars; provided, however, that if any payment applied to BMPI's Net Sales is received by BMPI in a foreign currency, such amount shall be converted monthly to United States funds at the rate published by Reuters on the last Wednesday of the month in which such Net Sales occurred (or such other publicly available source as BMPI may subsequently utilize generally in its currency accounting procedures, in which case BMPI shall provide notice to KNC promptly of any such change). 15 ** REPRESENTS MATERIAL WHICH HAS BEEN REDACTED AND SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. Except as set forth in Section 5.7, all payments under this Agreement shall be made in United States dollars by wire transfer to such bank account as the receiving Party may designate from time to time. The paying Party shall pay interest to the receiving Party on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to the lesser of the prime rate of interest plus one percent (1%), as reported by the Wall Street Journal, or the highest rate permitted by applicable law, calculated on the number of days such payments are paid after the date such payments are due. Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions.
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in United States dollars by transfer to such bank account as KNC may designate from time to time. Any royalty payments due hereunder with respect to sales outside of the United States shall be payable in U.S. Dollars; provided, however, that if any payment on account of Net Sales is received by Orthovita in a foreign currency, such amount shall be converted monthly to United States funds at the rate published by Reuters on the last Wednesday of the month in which Net Sales occurred (or such other publicly available source as Orthovita may subsequently utilize generally in its currency accounting procedures, in which case Orthovita shall provide notice to KNC promptly of any such change).
CURRENCY AND METHOD OF PAYMENTS; LATE PAYMENTS. All payments under this Agreement shall be made in United States dollars by transfer to such bank account as BD may designate from time to time within no more than thirty (30) days of invoice or when such payment is due in accordance with the provisions of this Agreement. Any royalty payments due hereunder with respect to sales outside of the United States shall be payable in U.S. Dollars; provided, however, that if any payment on account of Net Sales is received by Newco or TriPath in a foreign currency, such amount shall be converted monthly to United States funds at the rate published by Reuters on the last Wednesday of the month in which Net Sales occurred (or such other publicly available source as BD may subsequently utilize generally in its currency accounting procedures, in which case BD shall provide notice to Newco and TriPath promptly of any such change). Newco and TriPath shall pay interest to BD on the aggregate amount of any payments that are not paid on or before the date such payments are due under this Agreement at a rate per annum equal to the lesser of the [*****] for the applicable period, or the highest rate permitted by applicable law, calculated on the number of days such payment is delinquent. In the event any invoice issued by BD contains any terms which conflict with the terms of this Agreement, the terms of this Agreement shall prevail.
