Payment Method; Interest Clause Samples

Payment Method; Interest. All amounts due hereunder to Micromet will be paid in Euros, except the Sales Participation Payments in the U.S. which will be paid in U.S. Dollars. Payments will be made as stated in the applicable sections upon BI’s receipt of corresponding original invoices from Micromet, by wire transfer in immediately available funds to accounts designated by Micromet. Any payments or portions thereof due hereunder which are not paid on the date such payments are due under this Agreement will bear interest at the lower of (i) [***] ( [***] ) percentage points over the three month LIBOR rate of the respective currency which applied on the due date, or (ii) the maximum rate permitted by law, calculated on the number of days such payment is delinquent. All payments set forth in this Agreement are expressed to be exclusive of value added tax (VAT); if VAT is due on any such payments, then it will be set forth as a separate line item on the applicable invoice. *** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Payment Method; Interest. 9.1.1 All amounts due hereunder will be paid in Euros by wire transfer in immediately available funds to an account designated by the other Party in writing, in case of payments to Micromet to the following account: Account Name: Micromet AG Banking Institution: [***] Account Number: [***] Bank Code: [***] BIC: [***] IBAN: [***] 9.1.2 Payments will only be made after receipt of an invoice and, unless otherwise specified herein, will be payable within [***] from receipt of such invoice. Invoices to Bayer will include in the reference line the cost center and such other information as may be provided by Bayer to Micromet from time to time and will be sent to the address below (or such other address as may be provided to Micromet in writing from time to time): Bayer Schering Pharma ▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ ▇/▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Leverkusen *** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 9.1.3 Any payments due under this Agreement will be due on such date as specified in the Agreement and, in the event that such date is not a Business Day, then the next succeeding Business Day. Any failure by a Party to make a payment within [***] after the date when due will obligate such Party to pay computed interest, the interest period commencing on the due date and ending on the payment day, to the receiving Party at a rate per annum equal to the one month EURIBOR as quoted on REUTERS screen <EURIBOR01> plus a premium of [***]%, or the highest rate allowed by law, whichever is lower. The interest calculation will be based on the act / 360 computation method, which means that the numerator is calculated based on the actual days elapsed while the denominator remains 360 (flat). The interest rate will be fixed on the due date and adjusted for any subsequent thirty (30) day period to the rate then in effect on the first Business Day of such period. Interest will be compounded monthly in arrears. Such interest will be due and payable on the tender of the underlying principal payment.

Payment Method; Interest. Any payment pursuant to a claim for indemnification shall be made by wire transfer or delivery of immediately available funds to an account designated by the Claimant no later than five Business Days after the amount of the claim is finally determined pursuant to this ARTICLE VII. Any payment required under this ARTICLE VII shall include prejudgment interest at the statutory rate under applicable Law to the extent provided under applicable Law. Whether or not provided under applicable Law, any payment required under this ARTICLE VII shall include interest accruing at a rate of 10% per annum beginning on the date the amount of the claim is finally determined pursuant to this ARTICLE VII.

Payment Method; Interest. All amounts due hereunder to Micromet will be paid in Euros, except the Sales Participation Payments in the U.S. which will be paid in U.S. Dollars. Payments will be made as stated in the applicable sections upon BI’s receipt of corresponding original invoices from Micromet, by wire transfer in immediately available funds to accounts designated by Micromet. Any payments or portions thereof due hereunder which are not paid on the date such payments are due under this Agreement will bear interest at the lower of (i) [***] ( [***] ) percentage points over the three month LIBOR rate of the respective currency which applied on the due date, or (ii) the maximum rate permitted by law, calculated on the number of days such payment is delinquent. All payments set forth in this Agreement are expressed to be exclusive of value added tax (VAT); if VAT is due on any such payments, then it will be set forth as a separate line item on the applicable invoice. *** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.