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.
Appears in 2 contracts
Sources: License Agreement (Archemix Corp.), License Agreement (Nitromed Inc)
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 simple interest at a rate of [***] percent ([***]%) per month from the due date until paid in full.
Appears in 1 contract
Sources: Exclusive License Agreement (Prometheus Laboratories Inc)