Payment Deficiency. If a payment deficiency is determined by BCM’s accountant pursuant to Section 7.2, and LICENSEE does not dispute such finding of a payment deficiency, LICENSEE shall pay the outstanding deficient amount within […***…] days of receiving written notice thereof, plus (if applicable and invoiced by BCM) interest on such outstanding deficient amount as described in Section 4.10.
Payment Deficiency. In the event of a default by Xxxxxx of any of its payment obligations under this Agreement, the amount due to Sharer with respect to such default shall be deemed to accrue interest from the date such payment was originally due, calculated at a rate of one percent (1%) per month, with interest accruing on a daily basis. MISCELLANEOUS ARTICLE 7:
Payment Deficiency. If a payment deficiency is determined, LICENSEE and its Sublicensee(s), as applicable, shall pay the outstanding amounts within [***] of receiving written notice thereof, plus interest on such outstanding amounts as described in Section 5.
Payment Deficiency. (a) Except as otherwise provided in Section 9.3(b), the expenses of any inspection and audit conducted pursuant to Section 9.2 shall be borne by Licensor (which shall not include reimbursement of Licensee’s internal or third-party expenses).
(b) If the aggregated Fees and referral fees actually paid by Licensee pursuant to Articles 5 and 6 are less than the aggregated Fees and referral fees that Licensee was required to pay pursuant to Articles 5 and 6, then Licensee shall promptly (and in no event later than five days following such determination of such payment deficiency) pay to Licensor the amount of such payment deficiency (together with interest from the date originally due to the extent permitted by applicable Law at the Prime Rate on the date such payment was originally due).
Payment Deficiency. Fees, costs and expenses payable to the Bond Trustee (or the Security Agent) which, due to the Issuer's insolvency or similar circumstances, are not reimbursed in any other way may be covered by making an equivalent reduction in the proceeds to the Bondholders hereunder of any costs and expenses incurred by the Bond Trustee (or the Security Agent) in connection with the restructuring or default of the Bond Issue and the enforcement of any Finance Document. In the event that the Issuer does not pay the Bond Trustee such incurred fees, cost and expenses, the Bond Trustee may seek funding of such from Bondholders, or if not able to retrieve from the Bondholders, other sources, in which case such other sources will be subrogated into the position of the Bond Trustee, but subordinated to any further fees costs and expenses payable to the Bond Trustee.
Payment Deficiency. In the event of a default by Xxxxxx of any of its payment obligations under this Agreement, which default is not cured within forty-five (45) days of written notice by Sharer of such payment default, the amount due to Sharer shall be deemed to accrue interest from the date such payment was originally due, calculated at an annual rate (but with interest accruing on a daily basis) of two percent (2%) above the prime rate as reported in The Wall Street Journal as of the date of such determination.
Payment Deficiency. (a) Except as otherwise provided in Section 6.03(b), the expenses of any inspection and audit conducted pursuant to Section 6.02 shall be borne by Licensors.
(b) If the Fees actually paid by Licensee pursuant to Article V are less than the Fees that Licensee was required to pay pursuant to Article V, then Licensee shall promptly (and in no event later than five (5) days following such determination of such payment deficiency) pay to Licensors or a Subsidiary of Cendant the amount of such payment deficiency (together with interest from the date originally due to the extent permitted by applicable Law at the Prime Rate on the date such payment was originally due) and reimburse Licensee for the expense of any inspection or audit related thereto.
Payment Deficiency. If a payment deficiency is determined, Kuur its Affiliate Sublicensee(s), and its Third Party Sublicensee(s), as applicable, shall pay the outstanding amounts within thirty (30) days of receiving written notice thereof, plus interest on such outstanding amounts as described in Article V.
Payment Deficiency. If a payment deficiency is determined, Cell Medica its Affiliate Sublicensee(s), and its Third Party Sublicensee(s), as applicable, shall pay the outstanding amounts within thirty (30) days of receiving written notice thereof, plus interest on such outstanding amounts as described in Article V.
Payment Deficiency. Fees, costs and expenses payable to the Bond Trustee (or the Security Agent and/or the Security Trustee) which, due to the Issuer’s insolvency or similar circumstances, are not reimbursed in any other way may be covered by making an equivalent reduction in the proceeds to the Bondholders hereunder of any costs and expenses incurred by the Bond Trustee (or the Security Agent and/or the Security Trustee) in connection with the restructuring or default of the Bond Issue and the enforcement of any Finance Document. If no such reduction of the proceeds is possible, the Bond Trustee may seek funding of such fees, costs and expenses from the Bondholders, or failing them, other third parties (which may include certain Bondholders or related parties), in which case such other third parties will be subrogated into the position of the Bond Trustee and/or the Security Trustee, as the case may be, but subordinate to any further fees, costs and expenses of the Bond Trustee and the Security Trustee.
