Common use of Interest on Late Payments Clause in Contracts

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 6 contracts

Samples: Collaboration Agreement (Reata Pharmaceuticals Inc), License Agreement (Reata Pharmaceuticals Inc), Collaboration Agreement (Reata Pharmaceuticals Inc)

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Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points three percent above LIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 5 contracts

Samples: License Agreement (Emergent BioSolutions Inc.), Assignment and Assumption Agreement (Opiant Pharmaceuticals, Inc.), License Agreement (Opiant Pharmaceuticals, Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) equal to the greater of: (i) the United States prime rate of interest as reported by Citibank, New York, New York, as of the date such payment was due and payable, plus [***] basis points above LIBOR], and (ii) the maximum applicable legal rate of interest, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interestfull.

Appears in 4 contracts

Samples: Exclusive License and Option Agreement, Exclusive License and Option Agreement (Mereo Biopharma Group PLC), Exclusive License and Option Agreement (Mereo Biopharma Group PLC)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] ([…***…]) basis points above LIBOREURIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 4 contracts

Samples: Collaboration Agreement (Galapagos Nv), Collaboration Agreement (Galapagos Nv), Collaboration Agreement (Galapagos Nv)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then then, without limiting any rights or remedies of the receiving Party, such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.*]

Appears in 3 contracts

Samples: License Agreement (Bison Capital Acquisition Corp.), License Agreement (Bison Capital Acquisition Corp.), License Agreement (Bison Capital Acquisition Corp.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOREURIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 3 contracts

Samples: Exclusive License Agreement (Ablynx NV), Exclusive License Agreement (Ablynx NV), Exclusive License Agreement (Ablynx NV)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR], such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 3 contracts

Samples: Collaboration Agreement (BioNTech SE), Collaboration Agreement (BioNTech SE), Discovery Collaboration and License Agreement (CytomX Therapeutics, Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] * basis points above LIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 3 contracts

Samples: Development License and Option Agreement (Receptos, Inc.), Development License and Option Agreement (Receptos, Inc.), Development License and Option Agreement (Receptos, Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR], such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: Development and License Agreement, Development and License Agreement (Principia Biopharma Inc.)

Interest on Late Payments. If any undisputed payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment, but excluding the period during which termination is tolled pursuant to Section 13.3) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBORequal to LIBOR (or other such short term inter-bank interest rate as deemed suitable by the Parties), such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: License Agreement (VYNE Therapeutics Inc.), License Agreement (VYNE Therapeutics Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR, such ]. The applicable interest rate would be the rate prevailing on the date on which the payment first became due. The interest rate will be reset on the first business day of each month with the interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: License Agreement (Biohaven Research Ltd.), License Agreement (Biohaven Pharmaceutical Holding Co Ltd.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then then, without limiting any rights or remedies of the receiving Party, such paying Party shall pay interest thereon (before and after any judgment) at an annual a rate (but with interest accruing on a daily basis) of [***] basis points above LIBORthe [***] rate of the respective currency for the time period in which such amount is outstanding, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Zai Lab LTD), Collaboration and License Agreement (Argenx Se)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then then, without limiting any rights or remedies of the receiving Party, such paying Party shall pay interest thereon (before and after any judgment) at an annual rate [***] (but with interest accruing on a daily basis) of [***] basis points above LIBOR(or any successor rate), such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: License Agreement (Gemini Therapeutics, Inc. /DE), License Agreement (Gemini Therapeutics, Inc. /DE)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: Development and Option Agreement (Alector, Inc.), Development and Option Agreement (Alector, Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR], such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: Discovery Collaboration and License Agreement (Harpoon Therapeutics, Inc.), Discovery Collaboration and License Agreement (Harpoon Therapeutics, Inc.)

Interest on Late Payments. If any payment Payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR], such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: Development and Supply Agreement (Impax Laboratories Inc), Development and Supply Agreement (Impax Laboratories Inc)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [* * ***] basis points above LIBOR], such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 2 contracts

Samples: Confidential Treatment (Biohaven Pharmaceutical Holding Co Ltd.), Confidential Treatment (Biohaven Pharmaceutical Holding Co Ltd.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBORon the date said payment is due, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: License Agreement (Vir Biotechnology, Inc.)

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Interest on Late Payments. If any payment due to either a Party under this Agreement is not paid when due, then such paying Party the payor shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [****] basis points above LIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: This Agreement (RedHill Biopharma Ltd.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [...***...] basis points above LIBOREURIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: Collaboration Agreement (Galapagos Nv)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [****] basis points above LIBOR(or the maximum allowed by Applicable Law, if less), such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: Collaboration and License Agreement (REGENXBIO Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOR*], such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: Exclusive Option Agreement (Aldeyra Therapeutics, Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points above LIBOREURIBOR or what is permissible by law, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: Collaboration and License Agreement (Xencor Inc)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) [***] of [***] basis points above LIBOR], such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: License Agreement (RedHill Biopharma Ltd.)

Interest on Late Payments. If any payment Payment due to either the Payee Party under this Agreement is not paid when due, then such paying the Paying Party shall pay interest thereon and on any unpaid accrued interest (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] three hundred (300) basis points above LIBOR, such interest to run from the date on upon which payment of such sum amount became due until payment thereof in full together with such accrued interest.

Appears in 1 contract

Samples: License Agreement (Apricus Biosciences, Inc.)

Interest on Late Payments. If To the extent that any payment due to amount payable by either Party party under this Agreement is not paid when due, then the party owing such paying Party amount shall pay such amount plus interest thereon at the LIBOR Rate plus 4% from (before and after any judgmentincluding) at an annual rate the date such amount was due hereunder until (but with interest accruing on a daily basisexcluding) of [***] basis points above LIBOR, such interest to run from the date on which payment of that such sum became due until payment thereof in full together with such interestamount is paid.

Appears in 1 contract

Samples: Catastrophe Quota Share Reinsurance Agreement (Pxre Group LTD)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***]% above the [***] basis points above LIBORrate, as adjusted from time to time on the first [***] business day of each month, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: Collaboration and License Agreement (Neurocrine Biosciences Inc)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate equal to the greater of (but with interest accruing on a daily basisa) of [***[ * ] basis points above LIBORor (b) [ * ], in each case (a) and (b), compounded monthly (or the highest rate allowed under Applicable Law), such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.

Appears in 1 contract

Samples: License Agreement (4D Molecular Therapeutics, Inc.)

Interest on Late Payments. If any payment due to either Party under this Agreement is not paid when due, then such paying Party shall pay interest thereon (before and after any judgment) at an annual rate (but with interest accruing on a daily basis) of [***] basis points three percent above LIBOR, such interest to run from the date on which payment of such sum became due until payment thereof in full together with such interest.. 5.10

Appears in 1 contract

Samples: License Agreement

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