Overdue Payment. In the event any payment due hereunder is not made when due, the payment shall accrue interest (beginning on the date such payment is due) calculated at the rate of [***] and such payment when made shall be accompanied by all interest so accrued.
Appears in 3 contracts
Samples: Research and Development (Addex Therapeutics Ltd.), Research and Development (Addex Therapeutics Ltd.), Research and Development (Addex Therapeutics Ltd.)
Overdue Payment. In the event any payment due hereunder is not made when due, the payment shall accrue interest (beginning on the date such payment is due) calculated at the rate of [***] one (1%) percent per month and such payment when made shall be accompanied by all interest so accrued.
Appears in 3 contracts
Samples: Annual Report, Confidentiality Agreement (Vivus Inc), License Agreement (Vivus Inc)
