Overdue Royalties Sample Clauses
The Overdue Royalties clause establishes the obligations and consequences when royalty payments are not made on time. Typically, this clause specifies that if a party fails to pay royalties by the due date, interest may accrue on the outstanding amount, and additional remedies such as late fees or the right to terminate the agreement may be triggered. Its core practical function is to incentivize timely payments and protect the payee from financial loss due to delayed compensation.
Overdue Royalties. Subject to the other terms of this Agreement, royalties not paid within the time period set forth in this Section 4 shall bear interest at a rate of [***] percent ([***]%) per month from the due date until paid in full.
Overdue Royalties. Royalties not paid within the time period set ----------------- forth in this Section 2.1.4 shall bear interest at [XXXXX] accruing monthly, from the due date until paid in full.
Overdue Royalties. All royalties payments not paid within the time period set forth in this Article 7 shall bear interest at a rate of one percent (1%) per month from the due date until paid in full; provided, that, in no event shall such annual rate exceed the maximum interest rate permitted by law in regard to such payments. Such royalty or milestone payment when made shall be accompanied by all interest so accrued.
Overdue Royalties. Subject to the other terms of this Agreement, any payments not paid within the time period set forth in this Section 3 shall bear interest at a rate of [***] percent ([***]%) per month from the due date until paid in full.
Overdue Royalties. Royalties not paid within the time period set forth in Section 8.4.5 shall bear interest at a rate of one percent (1%) per month from the due date until paid in full.
Overdue Royalties. Royalties not paid within the time period set forth in Section 8.4.5 shall bear interest at a rate per month equal to one-twelfth of the annual prime rate as published in the Wall Street Journal Eastern Edition on the date the payment was due from such due date until paid in full.
Overdue Royalties. Royalties not paid within the time period set forth ----------------- in this Section 7.7 shall bear interest at [XXX] accruing monthly, from the due date until paid in full.
Overdue Royalties. In the event that any payment for Royalties due hereunder is not made when due, the payment shall accrue interest from the date due at a rate equal to the average one-month London Interbank Offered Rate (LIBOR) for the US Dollar, as published by The Financial Times or any other publication as mutually agreed to by the Parties, plus one hundred (100) basis points, calculated on the number of days between the actual date the payment is made and the date the payment was due; provided, however, that in no event shall such rate exceed the maximum annual interest rate permitted under applicable Law.
Overdue Royalties. The asterisk denotes that confidential portions of this exhibit have been omitted in reliance on Rule 24b-2 of the Securities Exchange Act of 1934. The confidential portions have been submitted separately to the Securities and Exchange Commission Royalties not paid within the time period set forth in Section 8.4.3 shall bear interest at a rate of one percent (1%) per month from the due date until paid in full.
Overdue Royalties. Royalties not paid within the time period set forth in this Article 4 shall bear interest quarterly at an annual rate equal to the German federal discount rate plus two percent (2%) from the due date until the date paid in full.