Common use of Interest and Collection Clause in Contracts

Interest and Collection. Any amounts not paid by Licensee to WU when due shall accrue interest, from the date [***] days after the balance is due, at an interest rate of [***]% per month or portion of month. In addition, Licensee will reimburse WU for all reasonable costs and expenses incurred (including reasonable attorneys’ fees) in collecting any overdue amounts.

Appears in 2 contracts

Samples: Exclusive License Agreement (Sana Biotechnology, Inc.), Exclusive License Agreement (Sana Biotechnology, Inc.)

AutoNDA by SimpleDocs

Interest and Collection. Any amounts not paid by Licensee to WU when due shall accrue interest, from the date [***] thirty (30) days after the balance is due, due at an interest rate of [***]1.5% per month or portion of a month. In addition, Licensee will reimburse WU for all reasonable costs and expenses incurred (including reasonable attorneys’ fees) in collecting any overdue amounts.

Appears in 2 contracts

Samples: Exclusive License Agreement (ChromaDex Corp.), Exclusive License Agreement (ChromaDex Corp.)

AutoNDA by SimpleDocs

Interest and Collection. Any amounts not paid by Licensee to WU when due shall accrue interest, from the date [***] ([***]) days after the balance is due, due at an interest rate of [***]% per month or portion of month. In addition, Licensee will reimburse WU for all reasonable costs and expenses incurred (including reasonable attorneys’ fees) in collecting any overdue amounts.

Appears in 1 contract

Samples: Exclusive License Agreement (Auris Medical Holding Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!