Interest Due. Without limiting any other rights or remedies available to Orexigen, Takeda shall pay Orexigen interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate equal to the lesser of (a) [***] percent ([***]%) per month or (b) the maximum applicable legal rate, calculated on the total number of days payment is delinquent.
Appears in 3 contracts
Samples: Collaboration Agreement (Orexigen Therapeutics, Inc.), Collaboration Agreement, Collaboration Agreement
Interest Due. Without limiting any other rights or remedies available to Orexigen, Takeda shall pay Orexigen interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate equal to the lesser of (a) […***…] percent ([…***…]%) per month or (b) the maximum applicable legal rate, calculated on the total number of days payment is delinquent.
Appears in 1 contract
Samples: Collaboration Agreement (Orexigen Therapeutics, Inc.)
Interest Due. Without limiting any other rights or remedies available to Orexigen, Takeda shall pay Orexigen interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate equal to the lesser of (a) [***] percent ([***]%) per month or (b) the maximum applicable legal rate, calculated on the total number of days payment is delinquent. *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Appears in 1 contract
Samples: Manufacturing Services Agreement (Orexigen Therapeutics, Inc.)
Interest Due. Without limiting any other rights or remedies available to Orexigen, Takeda shall pay Orexigen interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate equal to the lesser of (a) [***] one percent ([***]1%) per month or (b) the maximum applicable legal rate, calculated on the total number of days payment is delinquent.
Appears in 1 contract
Samples: Collaboration Agreement (Orexigen Therapeutics, Inc.)
Interest Due. Without limiting any other rights or remedies available to OrexigenTakeda, Takeda Orexigen shall pay Orexigen Takeda interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate equal to the lesser of (a) […***…] percent ([…***…]%) per month or (b) the maximum applicable legal rate, calculated on the total number of days payment is delinquent.
Appears in 1 contract
