Interest Due. Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Appears in 6 contracts
Samples: Collaboration and Option Agreement (Globeimmune Inc), Collaboration and Option Agreement (Globeimmune Inc), Collaboration and Option Agreement (Globeimmune Inc)
Interest Due. Without limiting any other rights or remedies available to either Party, each Each paying Party shall will pay the other Party interest on any undisputed payments that are not paid on or before the date such payments are due under this Agreement at a rate of [***] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Appears in 4 contracts
Samples: Collaboration Agreement (Coherus BioSciences, Inc.), Collaboration Agreement (Surface Oncology, Inc.), Collaboration Agreement (Surface Oncology, Inc.)
Interest Due. Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate equal to the lesser of [*] per annum on the date such payment was due to be paid, or (b) the maximum applicable legal rate, if lessrate on such date, calculated on the total number of days payment is delinquent.
Appears in 4 contracts
Samples: License and Collaboration Agreement (Globeimmune Inc), License and Collaboration Agreement (Globeimmune Inc), License and Collaboration Agreement (Globeimmune Inc)
Interest Due. Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [***] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Appears in 3 contracts
Samples: Research and Development Collaboration, Option, and License Agreement, Research and Development Collaboration, Option, and License Agreement (OncoMed Pharmaceuticals Inc), Research and Development Collaboration, Option, and License Agreement (OncoMed Pharmaceuticals Inc)
Interest Due. Without limiting any other rights or remedies available to either Party, each The Paying Party shall will pay the other Party interest on any undisputed payments that are not paid on or before the date such payments are due under this Agreement at a rate of equal to [**] percentage points ([**]%) per annum or or, if lower, the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Appears in 2 contracts
Samples: Collaboration and License Agreement (Sage Therapeutics, Inc.), Collaboration and License Agreement (Sage Therapeutics, Inc.)
Interest Due. Without limiting any other rights or remedies available to either the other Party, each a paying Party shall pay the other Party interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] **]per annum month or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Appears in 2 contracts
Samples: Collaboration and Option Agreement (Fate Therapeutics Inc), Collaboration and Option Agreement (Fate Therapeutics Inc)
Interest Due. Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [********] per annum month or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Appears in 1 contract
Samples: Development and License Agreement (EPIX Pharmaceuticals, Inc.)
Interest Due. Without limiting any other rights or remedies available to either Party, each Each Party shall will pay the other Party interest on any undisputed payments that are not paid on or before the date such payments are due under this Agreement at a rate of [***] percent ([***]%) per annum month or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.
Appears in 1 contract
Samples: Option and Collaboration Agreement (Social Capital Suvretta Holdings Corp. I)
