Common use of PROMPT DELIVERY Clause in Contracts

PROMPT DELIVERY. Licensee acknowledges and agrees that the timely delivery of the payments required by Section 4a and the Quarterly Reports and Sales Reports required by Section 5 hereof are essential to this Restated Agreement. Interest shall accrue on all past due payments hereunder from their respective due dates until paid at the rate of one percent (1%) per month, or if such rate exceeds the maximum rate allowed by law, at the maximum rate allowed by law, and shall be payable on demand.

PROMPT DELIVERY. Licensee LICENSEE acknowledges and agrees that the timely delivery of the payments required by Section 4a and the Quarterly Reports and Sales Reports required by Section 5 hereof are essential to this Restated Agreement. Interest shall accrue on all past due payments hereunder from their respective due dates until paid at the rate of one percent (1%) per month, or if such rate exceeds the maximum rate allowed by law, at the maximum rate allowed by law, and shall be payable on demand.

PROMPT DELIVERY. Licensee acknowledges and agrees that the timely delivery of the payments required by Section 4a 4.1 and of the Quarterly Reports and Sales Reports required by Section 5 5.2 hereof are essential to this Restated Agreement. Interest shall accrue on all past due payments hereunder from their respective due dates until paid at the rate of one *** percent (1***%) per month, or if such rate exceeds the maximum rate allowed by law, at the maximum rate allowed by law, and shall be payable on demand.

PROMPT DELIVERY. Licensee acknowledges and agrees that the timely --------------- delivery of the payments required by Section 4a and the Quarterly Reports and Sales Reports required by Section 5 hereof are essential to this Restated Agreement. Interest shall accrue on all past due payments hereunder from their respective due dates until paid at the rate of one percent (1%) per month, or if such rate exceeds the maximum rate allowed by law, at the maximum rate allowed by law, and shall be payable on demand.