Common use of Currency, Place of Payment, Interest Clause in Contracts

Currency, Place of Payment, Interest. (a) All dollar amounts referred to in this Agreement are expressed in United States dollars. All payments to UM under this Agreement shall be made in United States dollars (or other legal currency of the United States), as directed by UM, by check payable to the University of Mississippi” or by wire transfer to an account as UM may designate from time to time. (b) If Licensee receives revenues from sales of Products in a currency other than United States dollars, royalties shall be converted into United States dollars at the applicable conversion rate for the foreign currency as published in the “Exchange Rates” table in the eastern edition of The Wall Street Journal as of the last date of the Calendar Quarter. (c) Amounts that are not paid when due shall accrue interest-from the due date until paid, at an annual rate equal to the “Prime Rate” plus 2% as published in the “Money Rates” table in the eastern edition of The Wall Street Journal as of the due date.

Appears in 5 contracts

Samples: License Agreement (Emerald Bioscience, Inc.), License Agreement (Emerald Bioscience, Inc.), License Agreement (Nemus Bioscience, Inc.)

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Currency, Place of Payment, Interest. (a) All dollar amounts referred to in this Agreement are expressed in United States dollars. All payments to UM under this Agreement shall be made in United States dollars (or other legal currency of the United States), as directed by UM, by check payable to the University of Mississippi" or by wire transfer to an account as UM may designate from time to time. (b) If Licensee receives revenues from sales of Products in a currency other than United States dollars, royalties shall be converted into United States dollars at the applicable conversion rate for the foreign currency as published in the "Exchange Rates" table in the eastern edition of The Wall Street Journal as of the last date of the Calendar Quarter. (c) Amounts that are not paid when due shall accrue interest-from the due date until paid, at an annual rate equal to the "Prime Rate" plus 2% as published in the "Money Rates" table in the eastern edition of The Wall Street Journal as of the due date.

Appears in 4 contracts

Samples: License Agreement (Skye Bioscience, Inc.), License Agreement (Nemus Bioscience, Inc.), License Agreement (Nemus Bioscience, Inc.)

Currency, Place of Payment, Interest. (a) All dollar amounts referred to in this Agreement are expressed in United States dollars. All payments to UM under this Agreement shall be made in United States dollars (or other legal currency of the United States), as directed by UM, by check payable to the University of Mississippi” or by wire transfer to an account as UM may designate from time to time. (b) . If Licensee receives revenues from sales of Products in a currency other than United States dollars, royalties shall be converted into United States dollars at the applicable conversion rate for the foreign currency as published in the “Exchange Rates” table in the eastern edition of The Wall Street Journal as of the last date of the Calendar Quarter. (c) . Amounts that are not paid when due shall accrue interest-from the due date until paid, at an annual rate equal to the “Prime Rate” plus 25% as published in the “Money Rates” table in the eastern edition of The Wall Street Journal as of the due date.

Appears in 2 contracts

Samples: License Agreement, License Agreement

Currency, Place of Payment, Interest. (a) All dollar amounts referred to in this Agreement are expressed in United States dollars. All payments to UM GM under this Agreement shall be made in United States dollars (or other legal currency of the United States), as directed by UMGM, by check payable to the University of Mississippi” or by wire transfer to an account as UM GM may designate from time to time. (b) If Licensee CHROMADEX receives revenues from sales of Licensed Products in a currency other than United States dollars, royalties shall be converted into United States dollars at the applicable conversion rate for the foreign currency as published in the “Exchange Rates” table in the eastern edition of The Wall Street Journal as of the last date of the applicable Calendar Quarter. (c) Amounts that are not paid when due shall accrue interest-interest from the due date until paid, at an annual rate equal to the “Prime Rate” plus 25% as published in the “Money Rates” table in the eastern edition of The Wall Street Journal as of the due date.

Appears in 1 contract

Samples: License Agreement (ChromaDex Corp.)

Currency, Place of Payment, Interest. (a) All dollar amounts referred to in this Agreement are expressed in United States dollars. All payments to UM under this Agreement shall be made in United States dollars (or other legal currency of the United States), as directed by UM, by check payable to the University of Mississippi” or by wire transfer to an account as UM may designate from time to time. (b) If Licensee CHROMADEX receives revenues from sales of Products in a currency other than United States dollars, royalties shall be converted into United States dollars at the applicable conversion rate for the foreign currency as published in the “Exchange Rates” table in the eastern edition of The Wall Street Journal as of the last date of the Calendar Quarter. (c) Amounts that are not paid when due shall accrue interest-from the due date until paid, at an annual rate equal to the “Prime Rate” plus 25% as published in the “Money Rates” table in the eastern edition of The Wall Street Journal as of the due date.

Appears in 1 contract

Samples: License Agreement (ChromaDex Corp.)

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Currency, Place of Payment, Interest. (a) All dollar amounts referred to in this Agreement are expressed in United States dollars. All payments to UM GM under this Agreement shall be made in United States dollars (or other legal currency of the United States), as directed by UMGM, by check payable to the University of Mississippi” or by wire transfer to an account as UM GM may designate from time to time. (b) If Licensee CHROMADEX receives revenues from sales of Licensed Products in a currency other than United States dollars, royalties shall be converted into United States dollars at the applicable conversion rate for the foreign currency as published in the “Exchange Rates” table in the eastern edition of The Wall Street Journal as of the last date of the applicable Calendar Quarter. (c) Amounts that are not paid when due shall accrue interest-interest from the due date until paid, at an annual rate equal to the “Prime Rate” plus 2[*]% as published in the “Money Rates” table in the eastern edition of The Wall Street Journal as of the due date.

Appears in 1 contract

Samples: License Agreement (ChromaDex Corp.)

Currency, Place of Payment, Interest. (a) All dollar amounts referred to in this Agreement are expressed in United States dollars. All payments to UM under this Agreement shall be made in United States dollars (or other legal currency of the United States), as directed by UM, by check payable to the “The University of Mississippi” or by wire transfer to an account as UM may designate from time to time. (b) If Licensee CHROMADEX receives revenues from sales of Licensed Products in a currency other than United States dollars, royalties shall be converted into United States dollars at the applicable conversion rate for the foreign currency as published in the “Exchange Rates” table in the eastern edition of The Wall Street Journal as of the last date of the applicable Calendar Quarter. (c) Amounts that are not paid when due shall accrue interest-interest from the due date until paid, at an annual rate equal to the “Prime Rate” plus 2% [*] as published in the “Money Rates” table in the eastern edition of The Wall Street Journal as of the due date.

Appears in 1 contract

Samples: License Agreement (ChromaDex Corp.)

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