Common use of Form of Payment; Taxes; Late Payments Clause in Contracts

Form of Payment; Taxes; Late Payments. All payments are due in ------------------------------------- United States dollars. The amount of the stated License Fee and Annual Maintenance Fee do not include any taxes, duties or other governmental charges levied or may be levied in respect of such fees or the services performed hereunder. Licensee agrees to pay all such taxes, duties and governmental charges (exclusive of taxes based on Licensor' s income), regardless of when they may come due, or to reimburse Licensor for same if Licensor is required by applicable law to collect and pay over same to the relevant taxing authority. Licenser reserves the right to apply a service charge to the unpaid balance at the rate of 1% per month (but in no event more than the maximum rate allowed by law) for any fee or other amount not paid within thirty (30) days after the due date. In addition, if Licensee fails to pay any invoice when due, Licenser will have the right to [*] CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. institute collection procedures to recover same and all costs incurred by Licenser will be paid by Licensee.

Form of Payment; Taxes; Late Payments. All payments are due in ------------------------------------- United States dollars. The amount of the stated License Fee and Annual Maintenance Fee do not include any taxes, duties or other governmental charges levied or which may be levied in respect of such fees or the services performed hereunder. Licensee agrees to pay all such taxes, duties and governmental charges (exclusive of taxes based on Licensor' s income)charges, regardless of when they may come due, or to reimburse Licensor for same if Licensor is required by applicable law to collect and pay over same to the relevant taxing authority. Licenser Licensor reserves the right to apply a service charge to the unpaid balance at the rate of 1% [*] per month (but in no event more than the maximum rate allowed by law) for any fee or other amount not paid within thirty (30) [*] days after the due date. In addition, if Licensee fails to pay any invoice when due, Licenser will have the right to institute collection procedures to recover same and all costs incurred by Licensor will be paid by Licensee. [*] ]- CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. institute collection procedures to recover same and all costs incurred by Licenser will be paid by Licensee.-4-