Late Payment Interest Rate. If any fees due for any period exceed the fees reported by the Operator to be due for such period by two (2) percent or more, the Operator shall pay all of BROADCASTER’s costs incurred in connection with such review and / or audit, and take any necessary actions to avoid such errors in the future.
Late Payment Interest Rate. If the payment of royalties or any other payments due under this Agreement is not made in a timely manner in accordance with this Agreement, such payments shall bear interest, compounded annually until payment, at a per annum rate of the lesser of (a) [**] for the date that the payment was due (or if unavailable on such date, the rate on the next first available date) as published by the Wall Street Journal Eastern Edition, or (b) if lower than (a) the maximum rate permitted by applicable Law. Sanofi shall not be liable to pay any interest on payments that are delayed solely due to the actions of Translate Bio.
Late Payment Interest Rate. If any fees due for any period exceed the fees reported by the IPTVO to be due for such period by two (2) percent or more, IPTVO shall pay all of STAR’s costs incurred in connection with such review and / or audit, and take any necessary actions to avoid such errors in the future.
Late Payment Interest Rate. If any payment by Translate Bio to Sanofi is not made in a timely manner in accordance with this Agreement, such payments shall bear interest, compounded annually until payment, at a per annum rate of the lesser of (a) [**] for the date that the payment was due (or if unavailable on such date, the rate on the next first available date) as published by the Wall Street Journal Eastern Edition, or (b) if lower than (a) the maximum rate permitted by applicable Law. Schedule 9.13 Specific obligations re MIT License For so long as Sanofi is exercising any rights granted to it under this Agreement which are sublicensed by Translate Bio under the MIT License, the following provisions shall apply:
A. In the event that Sanofi or any Affiliate or Sublicensee brings a PATENT CHALLENGE (as defined in the MIT License) against M.I.T. or assists another party in bringing a PATENT CHALLENGE (as defined in the MIT License) against M.I.T. (except as required under a court order or subpoena) then Translate Bio may terminate the sublicense granted to Sanofi herein.
B. Sanofi’s rights herein are subject to rights retained by M.I.T on its own behalf and all other non-profit research institutions to practice under the PATENT RIGHTS (as defined in the MIT License) for research, teaching, and educational purposes.
C. Sanofi, its Affiliates and Sublicensees shall indemnify, defend, and hold harmless M.I.T. and its trustees, officers, faculty, students, employees, and agents and their respective successors, heirs and assigns (the “MIT Indemnitees”), against any liability, damage, loss, or expense (including reasonable attorneys’ fees and expenses) (collectively “MIT Losses”) incurred by or imposed upon any of the MIT Indemnitees in connection with any claims, suits, investigations, actions, demands or judgments arising out of or related to the exercise of any rights sublicensed to Sanofi, its Affiliates and Sublicensees under this Agreement with respect to the rights under the MIT License or any breach of the obligations under the MIT License imposed on Sanofi, its Affiliates and Sublicensees by this Agreement; provided, however, that Sanofi shall have no obligation pursuant to the foregoing with respect to any MIT Losses to the extent that they result from the gross negligence or willful misconduct of any MIT Indemnitee, or breach of the MIT License by M.I.T.
D. Sanofi, its Affiliates and Sublicensees shall comply with all Laws controlling the export of certain commodities and techn...
Late Payment Interest Rate. Without prejudice to Section 6.5 below and to Section 10.3 below, any amount required to be paid by a Party hereunder which is not paid on the date due shall bear interests at a rate equal to the thirty (30) day “euribor” rate, divisor 365, effective for the date that payment was due, as reported by “Il Sole 24 Ore” plus five percent (5%).
Late Payment Interest Rate. If any fees due for any period exceed the fees reported by the HITSO to be due for such period by two (2) percent or more, HITSO shall pay all of STAR’s costs incurred in connection with such review and / or audit, and take any necessary actions to avoid such errors in the future.
Late Payment Interest Rate. If any fees due for any period exceed the fees reported by the DTHO to be due for such period by two (2) percent or more, DTHO shall pay all of STAR’s costs incurred in connection with such review and / or audit, and take any necessary actions to avoid such errors in the future.
Late Payment Interest Rate. Where upon review / audit it is revealed that license fees due for any period as reported by the Operator exceeds the actual License Fees payable for the said period by two (2) percent or more, then the Operator shall pay to RAJ GROUP all costs incurred in connection with such review and / or audit, together with the Late Payment Interest as provided in Clause 14 above and shall take any necessary actions to avoid such errors in the future.
Late Payment Interest Rate. If the winning bidder fails to pay the selling price after the payment deadline, the winning bidder must pay an overdue fee at the annual rate of 14.6% in addition to the unpaid balance of the selling price to Artfield from the day after the payment deadline until payment is completed.
Late Payment Interest Rate. If any fees due for any period exceed the fees reported by the MSO to be due for such period by two (2) percent or more, MSO shall pay all of STAR’s costs incurred in connection with such review and / or audit, and take any necessary actions to avoid such errors in the future.
