Common use of of License Fees Clause in Contracts

of License Fees. 10(a). Nonpayment of License Fees may, at the discretion of the University, result in: 1. Assessment of late fees as stated in the payment schedule. In addition to the late fee, failure to pay, as agreed, may result in interest at 10% per annum on any delinquent amounts during the period of the delinquency. 2. Revocation of the License Agreement with financial penalties, as noted in Section 7. 3. Withholding of University services pursuant to Section 42380, ET. Seq., Title V, California Code of Regulations. 4. Offset of paychecks, loans, grants, or scholarships payable through the University, or tax refunds through the Franchise Tax Board. 5. Notification of default to credit bureau organizations. 6. Employment of a collection agency to collect all delinquent amounts. Any attorney fees and other reasonable collection costs and charges accrued during the collection of said amounts are the responsibility of the Licensee. 7. Legal action to collect unpaid obligations.

of License Fees. 10(a). Nonpayment of License Fees may, at the discretion of discretionof the University, result in: 1. Assessment of late fees as stated in the payment schedule. In addition to the late fee, failure to pay, as agreed, may result in interest at 10% per annum on any delinquent amounts during the period of the delinquency. 2. Revocation of the License Agreement with financial penalties, as noted in Section 7. 3. Withholding of University services pursuant to Section 42380, ET. Seq., Title V, California Code of Regulations. 4. Offset of paychecks, loans, grants, or scholarships payable through the University, or tax refunds through the Franchise Tax Board. 5. Notification of default to credit bureau organizations. 6. Employment of a collection agency to collect all delinquent amounts. Any attorney fees and other reasonable collection costs and charges accrued during the collection of said amounts are the responsibility of the Licensee. 7. Legal action to collect unpaid obligations.

of License Fees. 10(a). Nonpayment of License Fees may, at the discretion of discretionof the University, result in: 1. Assessment of late fees as stated in the payment schedule. In addition to the late fee, failure to pay, as agreed, may result in interest at 10% per annum on any delinquent amounts during the period of the delinquency. 2. Revocation of the License Agreement with financial penalties, as noted in Section 7. 3. Withholding of University services pursuant to Section 42380, ET. Seq., Title V, California Code of Regulations. 4. Offset of paychecks, loans, grants, or scholarships payable through the University, or tax refunds through the Franchise Tax Board. 5. Notification of default to credit bureau organizations. 6. Employment of a collection agency to collect all delinquent amountsdelinquentamounts. Any attorney fees and other reasonable collection costs and charges accrued during the collection of said amounts are the responsibility of the Licensee. 7. Legal action to collect unpaid obligations.