Common use of PAYMENTS, INTEREST ON LATE PAYMENTS Clause in Contracts

PAYMENTS, INTEREST ON LATE PAYMENTS. All fees and charges payable under this License Agreement shall be payable in good funds at Licensor's address specified herein, or at such other address as Licensor shall from time to time designate in writing. Notwithstanding any other provision of this Article V, Licensor shall be entitled for reasons of administrative convenience or otherwise to defer the date by which any fee or charge payable by Licensee hereunder may be due. No such deferral shall be a waiver of any of Licensor's rights hereunder. If payment of any Application Fee, Annual License Fee, Annual Advertising Fee, Consumer Service Number Fee, Annual Administrative Fee or other fee or charge under this License Agreement is overdue, Licensee shall pay Licensor, in addition to the overdue amount, interest on such overdue amount from the date it was payable until paid at the rate which is two (2) points above the prime rate published by the Wall Street Journal on the date payment was due, or the maximum rate permitted by applicable law, whichever is less. Entitlement to such interest shall be in addition to any other remedies Licensor may have.

Appears in 4 contracts

Samples: Cellular One License Agreement (Dobson Sygnet Communications Co), License Agreement (Dobson Communications Corp), One License Agreement (Dobson Sygnet Communications Co)

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PAYMENTS, INTEREST ON LATE PAYMENTS. All fees and charges payable under this License Agreement shall be payable in good funds at Licensor's address specified herein, or at such other address as Licensor shall from time to time designate in writing. Notwithstanding any other provision of this Article V, Licensor shall be entitled for reasons of administrative convenience or otherwise to defer the date by which any fee or charge payable by Licensee hereunder may be due. No such deferral shall be a waiver of any of Licensor's rights hereunder. If payment of any Application Fee, Annual License Fee, Annual Advertising Fee, Consumer Service Number Fee, Annual Administrative Fee or other fee or charge under this License Agreement is overdue, Licensee shall pay Licensor, in addition to the overdue amount, interest on such overdue amount from the date it was payable until paid at the rate which is two (2) points above the prime rate published by the Wall Street Journal on the date payment was due, or the maximum rate permitted by applicable law, whichever is less. Entitlement to such interest shall be in addition to any other remedies Licensor may have.. VI. MARKS

Appears in 2 contracts

Samples: License Agreement (Dobson Sygnet Communications Co), License Agreement (Dobson Sygnet Communications Co)

PAYMENTS, INTEREST ON LATE PAYMENTS. All fees and charges payable under this License Agreement shall be payable in good funds at Licensor's address specified herein, or at such other address as Licensor shall from time to time designate in writing. Notwithstanding any other provision of this Article V, Licensor shall be entitled for reasons of administrative convenience or otherwise to defer the date by which any fee or Cellular One Group License Agreement 33 10/18/99 charge payable by Licensee hereunder may be due. No such deferral shall be a waiver of any of Licensor's rights hereunder. If payment of any Application Fee, Annual License Fee, Annual Advertising Fee, Consumer Service Number Annual Administrative Fee, Annual Administrative Internet Fee or other fee or charge under this License Agreement is overdue, Licensee shall pay Licensor, in addition to the overdue amount, interest on such overdue amount from the date it was payable until paid at the rate which is two (2) points above the prime rate published by the Wall Street Journal on the date payment was due, or the maximum rate permitted by applicable law, whichever is less. Entitlement to such interest shall be in addition to any other remedies Licensor may have.

Appears in 2 contracts

Samples: License Agreement (Dobson Sygnet Communications Co), License Agreement (Dobson Sygnet Communications Co)

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PAYMENTS, INTEREST ON LATE PAYMENTS. All fees and charges payable under this License Agreement shall be payable in good funds at Licensor's address specified herein, or at such other address as Licensor shall from time to time designate in writing. Notwithstanding any other provision of this Article V, Licensor shall be entitled for reasons of administrative convenience or otherwise to defer the date by which any fee or charge payable by Licensee hereunder may be due. No such deferral shall be a waiver of any of Licensor's rights hereunder. If payment of any Application Fee, Annual License Fee, Annual Advertising Fee, Consumer Service Number Annual Administrative Fee, Annual Administrative Internet Fee or other fee or charge under this License Agreement is overdue, Licensee shall pay Licensor, in addition to the overdue amount, interest on such overdue amount from the date it was payable until paid at the rate which is two (2) points above the prime rate published by the Wall Street Journal on the date payment was due, or the maximum rate permitted by applicable law, whichever is less. Entitlement to such interest shall be in addition to any other remedies Licensor may have.

Appears in 1 contract

Samples: License Agreement (Dutchess County Cellular Telephone Co Inc)

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