Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Agreement shall be due sixty (60) days after the end of each calendar quarter. Payment of royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing with respect to any prior quarter shall be added, together with interest thereon accruing under this Agreement from the date of the report for the quarter for which such amounts are owing, to the next quarterly payment hereunder.
Appears in 6 contracts
Samples: Collaboration and License Agreement (Genome Therapeutics Corp), Collaboration and License Agreement (Genome Therapeutics Corp), Collaboration and License Agreement (Genome Therapeutics Corp)
Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Agreement shall be due sixty thirty (6030) days after the end of each calendar quarter. Payment of royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing with respect to any prior quarter shall be added, together with interest thereon accruing under this Agreement from the date of the report for the quarter for which such amounts are owing, to the next quarterly payment hereunder.
Appears in 5 contracts
Samples: Development and License Agreement (Epix Medical Inc), Collaboration and License Agreement (Praecis Pharmaceuticals Inc), Collaboration and License Agreement (Praecis Pharmaceuticals Inc)
Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Agreement shall be due sixty forty five (6045) days after the end of each calendar quarter. Payment of royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing with respect to any prior quarter shall be added, together with interest thereon accruing under this Agreement from the date of the report for the quarter for which such amounts are owing, to the next quarterly payment hereunder.
Appears in 2 contracts
Samples: Development and License Agreement (Transcend Therapeutics Inc), Development and License Agreement (Transcend Therapeutics Inc)
Royalty Payment Terms. Royalties shown to have accrued by each --------------------- royalty report provided for under this Agreement shall be due sixty (60) days after the end of each calendar quarter. Payment of royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing with respect to any prior quarter shall be added, together with interest thereon accruing under this Agreement from the date of the report for the quarter for which such amounts are owing, to the next quarterly payment hereunder.
Appears in 1 contract
Samples: Option, Development, Manufacture and License Agreement (V I Technologies Inc)
Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Agreement Section 5.3(a) hereof shall be due sixty thirty (6030) days after the end of each calendar such quarter. Payment of royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing with respect to any prior quarter shall be added, together with interest thereon accruing under this Agreement (at the prime rate announced from time to time by Citibank, N.A., plus 2%) from the date of the report for the quarter for which such amounts are owingoriginally due, to the next quarterly payment hereunder.
Appears in 1 contract
Samples: Development and License Agreement (Celgene Corp /De/)
