LATE PENALTY. Any amount not paid by the owing party on or before the respective due date thereof shall bear interest at the rate of [ * ] percent per annum ([ * ] percent per month) or, if lower, the highest interest rate permitted by law.
Appears in 3 contracts
Samples: Master Services Agreement (Jazz Pharmaceuticals Inc), Services Agreement (Jazz Pharmaceuticals Inc), Master Services Agreement (Jazz Pharmaceuticals Inc)
LATE PENALTY. Any amount not paid by the owing party on or before the respective due date thereof shall bear interest at the rate of [ * ] percent 18% per annum ([ * ] percent 1.5% per month) or, if lower, the highest interest rate permitted by law.
Appears in 2 contracts
Samples: Services Agreement (Orphan Medical Inc), Services Agreement (Orphan Medical Inc)