Late Payments; Collections. In the event that any payment, including royalty, milestone, Sublicense Revenue or Technology Access Fee payments, due hereunder is not made when due, the payment will bear interest from the date due at the lesser of (i) 1.5% per month, compounded monthly, or (ii) the highest rate permitted by law; provided, however, that in no event will such rate exceed the maximum legal annual interest rate. If a Party disputes in writing the amount of an invoice presented by the other Party within [**] of receipt of such invoice, interest will only be due on the correct amount as later determined or agreed. The payment of such interest will not limit a Party from exercising any other rights it may have as a consequence of the lateness of any payment. In addition, each Party agrees to pay all external costs of collection, including reasonable attorneys' fees, incurred by the other Party in enforcing the payment obligations after a due date has passed under this Agreement.
Late Payments; Collections. Any amount not paid when due under this Agreement or the Master Agreement shall bear interest at the lesser *Confidential Treatment Requested - 19 - of (i) one and one-half percent (1.5%) per month, compounded monthly, or (ii) the highest rate permitted by law. Each Party agrees to pay all costs of collection, including reasonable attorneys' fees, incurred by the other Party in enforcing the payment obligations of the first Party under this Agreement and the Master Agreement.
Late Payments; Collections. In the event that any payment, including royalty, milestone or research payments, due hereunder is not made when due, the payment will bear interest from the date due at the lesser of (i) [***] per month, compounded monthly, or (ii) the highest rate permitted by law; provided, however, that in no event will such rate exceed the maximum legal annual interest rate. If ATL disputes the amount of an invoice presented by ISIS within [***] days of receipt of such invoice, the late fees will only apply to the correct amount as later determined or agreed. The payment of such interest will not limit a party from exercising any other rights it may have as a consequence of the lateness of any payment. In addition, ATL agrees to pay all costs of collection, including reasonable attorneys’ fees, incurred by ISIS in enforcing the payment obligations of ATL after a due date has passed under this Agreement.
Late Payments; Collections. In the event that any payment, including royalty or milestone payments, due hereunder is not made when due, the payment will bear interest from the date due at the lesser of (i) one and one-half percent (1.5%) per month, compounded monthly, or (ii) the highest rate permitted by law. If a Party disputes in writing the amount of an invoice presented by the other Party within thirty (30) days of receipt of such invoice, the late fees will only apply to the correct amount as later determined or agreed. The payment of such interest will not limit a Party from exercising any other rights it may have as a consequence of the lateness of any payment. In addition, each Party agrees to pay all costs of collection, including reasonable attorneys’ fees, incurred by the other Party in enforcing the payment obligations after a due date has passed under this Agreement.
Late Payments; Collections. Any amount not paid when due under this Section 2.4 shall bear interest at an annual rate equal to the lesser of (i) [*], and (ii) the highest rate permitted by law.
Late Payments; Collections. Any amount not paid when due under Section 2.2(a)(ii) or this Section 2.4 shall bear interest at the lesser of (i) the rate equal to the prime lending rate as published in THE WALL STREET JOURNAL on the date such amount was due, plus 3% per annum, and (ii) the highest rate permitted by law; provided that no interest shall continue to accrue on any such amount after March 1, 2007.
Late Payments; Collections. If Licensee fails to pay any fees owed to SCCMLS by the applicable due date, SCCMLS will have the right to charge on overdue balances interest at the lesser rate of one and one-half percent (1.5%) per month or the maximum rate allowable under applicable law. In addition, SCCMLS shall have the right to discontinue Licensee’s access to the SCCMLS Database and/or the Licensed Content until such time as all past due amounts are brought current. Failure by Licensee to pay all sums when due is a material breach of this Agreement. Termination of this Agreement shall not relieve Licensee of the duty to pay any outstanding fees and interest owed to SCCMLS. Licensee shall reimburse SCCMLS for any costs associated with collecting overdue fees including reasonable attorneys’ fees, court costs, and collection agency fees. The VOW fees, set by the SCCMLS Board of Directors are as follows:
Late Payments; Collections. Any amount not paid when due under this SECTION 2.03 shall bear interest at the lesser of (i) five percent (5%) per annum compounded annually, or (ii) the highest rate permitted by Law.
Late Payments; Collections. Any amount not paid when due under this Section 2.4 shall bear interest at an annual rate equal to the lesser of (i) the highest U.S. Prime Interest Rate per annum published in the Wall Street Journal on the first Business Day after the payment first became due, plus three (3) percentage points, and (ii) the highest rate permitted by applicable law.
Late Payments; Collections. In the event that any payment, including royalty, milestone, Sublicense Revenue or Technology Access Fee payments, due CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT UNDER RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934. hereunder is not made when due, the payment will bear interest from the date due at the lesser of (i) 1.5% per month, compounded monthly, or (ii) the highest rate permitted by law; provided, however, that in no event will such rate exceed the maximum legal annual interest rate. If a Party disputes in writing the amount of an invoice presented by the other Party within [***] days of receipt of such invoice, interest will only be due on the correct amount as later determined or agreed. The payment of such interest will not limit a Party from exercising any other rights it may have as a consequence of the lateness of any payment. In addition, each Party agrees to pay all external costs of collection, including reasonable attorneys’ fees, incurred by the other Party in enforcing the payment obligations after a due date has passed under this Agreement.
