Common use of DOWNPAYMENT ON EFFECTIVE DATE; PAYMENT OF BALANCE Clause in Contracts

DOWNPAYMENT ON EFFECTIVE DATE; PAYMENT OF BALANCE. On the Effective Date, Clearwire shall pay Licensee __________ Dollars ($_______)(6) (the "UPFRONT ROYALTY DEPOSIT") as a down-payment of [***] of the upfront royalty (the "UPFRONT ROYALTY"). Within ten (10) Business Days after the Commencement Date, Clearwire shall pay the Licensee _______ Dollars ($_________)(7) which is the remaining balance of the Upfront Royalty; provided, however, if any part or the whole of the balance is received more than five (5) days after the Commencement Date, that part or whole shall bear interest at the Default Rate of Interest (as defined in Section 2(g)) accruing from the Commencement Date and continuing until paid.

DOWNPAYMENT ON EFFECTIVE DATE; PAYMENT OF BALANCE. On the Effective Date, Clearwire shall pay Licensee ___________________________ Dollars ($__________________)(630) (the "UPFRONT ROYALTY DEPOSIT") as a down-payment of [***] of the upfront royalty (the "UPFRONT ROYALTY"). Within ten (10) Business Days after the Commencement Date, Clearwire shall pay the Licensee _______________ Dollars ($__________________)(731) which is the remaining balance of the Upfront Royalty; provided, however, that, if any part or the whole of the balance is received more than five (5) days after the Commencement Date, that part or the whole shall bear interest at the Default Rate of Interest (as defined in Section 2(g2(i)) accruing from the Commencement Date and continuing until paid.