Overdue Royalties. Subject to the other terms of this Agreement, royalties not paid within the time period set forth in this Section 4 shall bear interest at a rate of [***] percent ([***]%) per month from the due date until paid in full.
Appears in 4 contracts
Samples: License Agreement, License Agreement (Immunogen Inc), License Agreement (Immunogen Inc)
Overdue Royalties. Subject to the other terms of this Agreement, royalties not paid within the time period set forth in this Section 4 shall bear interest at a rate of [***] one percent ([***]1%) per month from the due date until paid in full.
Appears in 2 contracts
Samples: License Agreement (Immunogen Inc), License Agreement (Immunogen Inc)
Overdue Royalties. Subject to the other terms of this Agreement, royalties not paid within the time period set forth in this Section Article 4 shall bear interest at a rate of the lesser of either the maximum legally allowable interest rate or [***] percent [([***]%) )] per month month, from the due date until paid in full.
Appears in 1 contract
Overdue Royalties. Subject to the other terms of this Agreement, royalties any payments not paid within the time period set forth in this Section 4 shall bear interest at a rate of [***] one percent ([***]1%) per month from the due date until paid in full, provided that in no event shall said annual rate exceed the maximum interest rate permitted by Applicable Law in regard to such payments. Such royalty payment when made shall be accompanied by all interest so accrued.
Appears in 1 contract
Samples: Exclusive Sublicense Agreement (Hoth Therapeutics, Inc.)
Overdue Royalties. Subject to the other terms of this Agreement, royalties any payments not paid within the time period set forth in this Section 4 shall bear interest at a rate of [***] percent ([***]%) *********] per month from the due date until paid in full, provided that in no event shall said annual rate exceed the maximum interest rate permitted by law in regard to such payments. Such royalty payment when made shall be accompanied by all interest so accrued.
Appears in 1 contract
Samples: License Agreement (Curagen Corp)
Overdue Royalties. Subject to the other terms of this Agreement, royalties not paid within the time period set forth in this Section 4 shall bear interest at a rate of [***] percent ([***]%) per month from the due date until paid in full.
Appears in 1 contract
Samples: Exclusive License Agreement (DARA BioSciences, Inc.)
Overdue Royalties. Subject to the other terms of this Agreement, royalties not paid within the time period set forth in this Section Article 4 shall bear interest at a rate of the lesser of either the maximum legally allowable interest rate or [***] percent ([***]%) per month month, from the due date until paid in full.
Appears in 1 contract
Overdue Royalties. Subject to the other terms of this Agreement, royalties not paid within the time period set forth in this Section Article 4 shall bear interest at a rate of the lesser of either the maximum legally allowable interest rate or [***] percent ([***]%) per month month, from the due date under Section 4.5.1 until paid in full.
Appears in 1 contract
