Payment Deadlines. Unless stipulated otherwise, all payments due UNIVERSITY hereunder shall be made within [**] after the end of each ROYALTY PERIOD. Late payments shall be subject to an interest charge of [**] percent ([**]%) per month, compounded monthly. LICENSEE shall also be responsible for payment of all bank transfer charges.
Appears in 4 contracts
Sources: Exclusive License Agreement (Decibel Therapeutics, Inc.), Exclusive License Agreement (Decibel Therapeutics, Inc.), Exclusive License Agreement (Decibel Therapeutics, Inc.)
Payment Deadlines. Unless stipulated otherwise, all payments due UNIVERSITY hereunder shall be made within [***] days after the end of each ROYALTY PERIOD. Late payments shall be subject to an interest charge of [***] percent ([***]%) per month, compounded monthly. LICENSEE shall also be responsible for payment of all bank transfer charges.
Appears in 1 contract
Sources: Exclusive License Agreement (Yield10 Bioscience, Inc.)