Processing of Payments. All payments hereunder shall be made in U.S. dollars to IM. All payments due to IM under this Agreement shall be made by bank wire transfer as follows: [*] Routing & Transit #: [*] SWIFT CODE : [*] For credit of: [*] Credit account #: 3[*] By order of: [*] or another U.S. bank account designated in writing by IM. All payments not paid when due shall bear simple interest at a rate of [*] per month or the highest rate allowed by law, whichever is less. Unless expressly stated in Section 6.1, 6.2 or 6.12, payments shall be made 45 days after invoicing.
Appears in 2 contracts
Sources: Collaborative Development Program Agreement (Intermolecular Inc), Collaborative Development Program Agreement (Intermolecular Inc)