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.)
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.)
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.)