Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 26 contracts
Samples: License Agreement (Sesen Bio, Inc.), License Agreement, License Agreement (Global Cancer Technology, Inc.)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) […***…] per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 7 contracts
Samples: License Agreement (Seneca Biopharma, Inc.), License Agreement (Seneca Biopharma, Inc.), License Agreement
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten [***] percent (10[***]%) per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 4 contracts
Samples: License Agreement (Intrinsic Medicine, Inc.), License Agreement (Intrinsic Medicine, Inc.), License Agreement (Otonomy, Inc.)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) [***] per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 4 contracts
Samples: License Agreement (Oncternal Therapeutics, Inc.), License Agreement (Palisade Bio, Inc.), License Agreement (Horizon Therapeutics Public LTD Co)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) per year[***], or the highest rate allowed by law, whichever is higher. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY[***].
Appears in 4 contracts
Samples: License Agreement (Lexeo Therapeutics, Inc.), License Agreement (Lexeo Therapeutics, Inc.), License Agreement (Lexeo Therapeutics, Inc.)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) [***] per year. Such interest shall be calculated accrue as from the date when such payment was due until the corresponding amount is actually received by UNIVERSITY.
Appears in 3 contracts
Samples: License Agreement (Mirna Therapeutics, Inc.), License Agreement (Mirna Therapeutics, Inc.), License Agreement (Mirna Therapeutics, Inc.)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten one percent (101%) per yearmonth. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY. The payment of such interest shall not foreclose UNIVERSITY from exercising any other rights it may have as a consequence of the lateness of any payment. In no event shall this paragraph be construed as a grant of permission for any payment delays.
Appears in 3 contracts
Samples: Settlement Agreement (Repligen Corp), Settlement Agreement (Repligen Corp), License Agreement (Applied Micro Circuits Corp)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY. The payment of such interest shall not foreclose UNIVERSITY from exercising any other rights it may have as a consequence of the lateness of any payment. In no event shall this paragraph be construed as a grant of permission for any payment delays.
Appears in 2 contracts
Samples: License Agreement (Composite Solutions Inc), License Agreement (Composite Solutions Inc)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 2 contracts
Samples: License Agreement, Evaluation License Agreement (Neoprobe Corp)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY the interest charges at a rate of ten percent (10%) [***] per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 2 contracts
Samples: License Agreement (Prothena Corp PLC), License Agreement (Prothena Corp PLC)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) per year[...***...] or the maximum allowed by law, whichever is less. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 2 contracts
Samples: License Agreement (Chimerix Inc), License Agreement (Chimerix Inc)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when duedue (following a [***] day grace period), LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) [***] per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 2 contracts
Samples: License Agreement (Vaxcyte, Inc.), License Agreement (SutroVax, Inc.)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) [*****] per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 2 contracts
Samples: License Agreement (Raptor Pharmaceutical Corp), License Agreement (Raptor Pharmaceuticals Corp.)
Late Payments. 18.1 In the event royalty, reimbursement and/or fee royalty payments or fees are not received by UNIVERSITY the University when due, LICENSEE shall Licensee will pay to UNIVERSITY the University interest charges at a the rate of ten eight percent (108%) plus prime per year. Such interest shall be annum calculated from the date the payment or fee was due until to the date payment is actually received by UNIVERSITYmade.
Appears in 2 contracts
Samples: License Agreement (Centrex Inc), License Agreement (Centrex Inc)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) […***…] per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.. 13. ***Confidential Treatment Requested
Appears in 2 contracts
Samples: License Agreement (Genomatica Inc), License Agreement (Genomatica Inc)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) per year[***]. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY[***].
Appears in 1 contract
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) [***] per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.. Eff. 4/18/12 OAL FINAL
Appears in 1 contract
Samples: License Agreement (GTX Inc /De/)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY on behalf of LICENSORS interest charges at a rate of ten percent (10%) per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 1 contract
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten [**] percent (10[**]%) per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.
Appears in 1 contract
Samples: License Agreement (Allovir, Inc.)
Late Payments. In the event royalty, reimbursement and/or fee payments are not received by UNIVERSITY when due, LICENSEE shall pay to UNIVERSITY interest charges at a rate of ten percent (10%) per year. Such interest shall be calculated from the date payment was due until actually received by UNIVERSITY.. Final_Amended_Agreement Navidea_UCSD_WWS_2014_07_11 - 17 -
Appears in 1 contract
Samples: License Agreement (Navidea Biopharmaceuticals, Inc.)
Late Payments. 17.1 In the event royalty, reimbursement and/or fee royalty payments or fees are not received by UNIVERSITY the University when due, LICENSEE shall the Licensee will pay to UNIVERSITY the University interest charges at a the rate of ten percent (10%) per yearannum on the amount of the royalty payments or fees overdue. Such interest shall charges will be calculated from the date the payment or fee was due until to the date payment is actually received by UNIVERSITYthe University.
Appears in 1 contract
Samples: Nonexclusive Patent License Agreement (DCH Technology Inc)
