Common use of Timing and Manner of Payment Clause in Contracts

Timing and Manner of Payment. All royalties accruing under this Agreement shall be paid no later than [*] after the end of the calendar quarter in which such royalties accrued, and shall be accompanied by a written report (and such backup documentation as Corium may reasonably request) demonstrating the computation of such royalty payment. Payments shall be made in United States dollars without any deduction or withholding for or on account of any taxes, duties, levies, fees or charges except those taxes or duties levied against Corium which are legally required to be withheld by Agile. Late payments will accrue interest at a rate of [*] per month.

Appears in 6 contracts

Samples: License and Commercialization Agreement, Development, License and Commercialization Agreement (Agile Therapeutics Inc), Development, License and Commercialization Agreement (Corium International, Inc.)

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