Common use of Late Payments Clause in Contracts

Late Payments. Any payments by Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 30 contracts

Samples: Non Exclusive License Agreement (RXi Pharmaceuticals Corp), Non Exclusive License Agreement (RXi Pharmaceuticals Corp), Exclusive License Agreement (Cytrx Corp)

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Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 17 contracts

Samples: License Agreement (Proteostasis Therapeutics, Inc.), Exclusive Patent License Agreement (Immunome Inc.), Patent License Agreement

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall will bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 7 contracts

Samples: Patent License Agreement, Exclusive Patent License Agreement (Rubius Therapeutics, Inc.), Exclusive Patent License Agreement (Rubius Therapeutics, Inc.)

Late Payments. Any payments by Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, interest to the extent permitted by law, law at two [*] percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 6 contracts

Samples: Non Exclusive License Agreement (Anterios Inc), Exclusive License Agreement (Anterios Inc), Non Exclusive License Agreement (Anterios Inc)

Late Payments. Any payments by Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, interest to the extent permitted by law, law at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 5 contracts

Samples: License Agreement (Rxi Pharmaceuticals Corp), Exclusive License Agreement (Polymedix Inc), License Agreement (Rxi Pharmaceuticals Corp)

Late Payments. Any payments by the Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points [ *** ] above the Prime Rate of interest as reported in the The Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 3 contracts

Samples: Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (PureTech Health PLC), Exclusive Patent License Agreement (Karuna Therapeutics, Inc.)

Late Payments. Any payments payment by Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 3 contracts

Samples: License Agreement (Signal Pharmaceuticals Inc), License Agreement (Signal Pharmaceuticals Inc), License Agreement (Signal Pharmaceuticals Inc)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal WALL STREET JOURNAL on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 3 contracts

Samples: Voting Agreement (Momenta Pharmaceuticals Inc), Patent License Agreement (Momenta Pharmaceuticals Inc), Patent License Agreement (Momenta Pharmaceuticals Inc)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two [**] percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 3 contracts

Samples: License Agreement, Patent License Agreement (Syros Pharmaceuticals, Inc.), Patent License Agreement (Syros Pharmaceuticals, Inc.)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal WALL STREET JOURNAL on the date payment is due, with interest calculated based on the number of days that payment is delinquent.. 18

Appears in 2 contracts

Samples: Patent License Agreement (Momenta Pharmaceuticals Inc), Patent License Agreement (Momenta Pharmaceuticals Inc)

Late Payments. Any payments by the Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the The Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 2 contracts

Samples: Royalty Agreement (PureTech Health PLC), Royalty Agreement (PureTech Health PLC)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above [***] the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 2 contracts

Samples: Selecta Biosciences Inc, Selecta Biosciences Inc

Late Payments. Any payments by Company due any party hereunder that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate base rate of interest as most recently reported in the Wall Street Journal on the date payment is dueby THE WALL STREET JOURNAL, with interest calculated based on the number of days that payment is delinquent.

Appears in 2 contracts

Samples: Collaboration Agreement (Dyax Corp), Collaboration Agreement (Dyax Corp)

Late Payments. Any payments by Company that are not paid on or before the date such payments are due under this Agreement shall will bear interest, to interest at the extent permitted by law, at two lesser of (a) four percentage points above the Prime Rate of interest as reported in the The Wall Street Journal on the date payment is due, with interest calculated based on due or (b) the number of days that payment is delinquenthighest rate permitted by Applicable Law.

Appears in 2 contracts

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

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall will bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest [***] as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 2 contracts

Samples: Patent License Agreement (Omega Therapeutics, Inc.), Patent License Agreement (Omega Therapeutics, Inc.)

Late Payments. Any undisputed payments by Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, interest to the extent permitted by law, law at two one percentage points point above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 2 contracts

Samples: CSHL License Agreement (Rxi Pharmaceuticals Corp), CSHL License Agreement (Rxi Pharmaceuticals Corp)

Late Payments. Any payments by Company that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal (or if the Wall Street Journal no longer quotes such rate, as reported in another source mutually agreed by the parties) on the date payment is due, with compounded and accrued daily, but not to exceed the maximum permitted by law. Any such overdue payment when made shall be accompanied by all interest calculated based on the number of days that payment is delinquentso accrued.

Appears in 1 contract

Samples: License Agreement (Eledon Pharmaceuticals, Inc.)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at the per annum rate equal two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Cardiomems Inc)

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Late Payments. Any payments by Company that are not ------------- paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, ---- -------------- with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Exclusive License Agreement (Compumed Inc)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent. 5.

Appears in 1 contract

Samples: www.sec.gov

Late Payments. Any payments payment by Company SB that are is not paid on or before the date such payments are payment is due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the "Prime Rate Rate" of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Collaboration and License Agreement (Arqule Inc)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Exclusive Patent License Agreement (Lithium Technology Corp)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above [**] over the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: License Agreement (Cerulean Pharma Inc.)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in by the Wall Street Journal on the date payment is due, with interest calculated based on last business day of the number of days that payment is delinquentcalendar quarterly reporting period to which such royalty payments relate.

Appears in 1 contract

Samples: Exclusive Patent License Agreement

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two (2) percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Massachusetts Institute of Technology (Bionik Laboratories Corp.)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall will bear interest, to the extent permitted by law, at two [***] percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Patent License Agreement (Camp4 Therapeutics Corp)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above [*** Redacted] the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Patent License Agreement (Nanosys Inc)

Late Payments. Any payments by Company that are not paid on or before ------------- the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with ------------------- interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: Patent License Agreement (Chirex Inc)

Late Payments. Any payments by Company COMPANY that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points [**] above the Prime Rate of interest as reported in the Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.

Appears in 1 contract

Samples: License Agreement (Visterra, Inc.)

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