Common use of Overdue Royalties Clause in Contracts

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.

Appears in 2 contracts

Sources: Collaborative Research and License Agreement (Curagen Corp), Collaborative Research and License Agreement (Curagen Corp)

Overdue Royalties. Royalties not paid within the time period set forth in Section 8.4.5 8.4.3 shall bear interest at a rate of one percent (1%) per month from the due date until paid in full.

Appears in 1 contract

Sources: Collaboration Agreement (Martek Biosciences Corp)