Limitation on Recovery. The period of limitation for recovery of any License fee payable hereunder shall be three (3) years from the date on which payment by the Licensee was due. If any undisputed License payment or recomputed payment is not made on or before the dates specified herein, Licensee shall pay an interest charge, computed from such due date, at the annual rate of one percent (1%) over the prime interest rate.
Appears in 3 contracts
Sources: Cable Television Renewal License Agreement, Cable Television Renewal License Agreement, Cable Television Renewal License Agreement
Limitation on Recovery. The period of limitation for recovery of In the event that any License fee payable hereunder shall be three (3) years from the date on which payment by the Licensee was due. If any undisputed License payment or recomputed payment is not made on or before the dates specified herein, Licensee shall pay an interest charge, computed from such due date, at the annual rate of one percent (1%) over the prime interest rate. The period of limitation for initiating actions for recovery of any License fee payable hereunder shall be three (3) years from the date on which payment by the Licensee was due.
Appears in 1 contract
Sources: License Renewal Agreement
Limitation on Recovery. The period of limitation for recovery of In the event that any License fee payable hereunder shall be three (3) years from the date on which payment by the Licensee was due. If any undisputed License payment or recomputed payment is not made on or before the dates specified herein, Licensee shall pay an interest charge, computed from such due date, at the annual rate of one two percent (1%) over the prime interest rate. The period of limitation for recovery of any license fee payable hereunder shall be three (3) years from the date on which payment by the Licensee was due.
Appears in 1 contract
Sources: Renewal Cable Television License