Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Agreement will be due and payable on the date such royalty report is due, Payment of Royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing, and any overpayments to be credited with respect to any prior period, will be added together with interest (calculated in accordance with Section 5.8) on any overdue amounts accruing under this Agreement from the date of the report for the period for which such amounts are owing, or credited, as the case may be, to the next quarterly payment hereunder.
Appears in 2 contracts
Samples: Commercialization Agreement (Scynexis Inc), Commercialization Agreement (Scynexis Inc)
Royalty Payment Terms. Royalties shown to have accrued by each royalty report provided for under this Amended and Restated Agreement will shall be due and payable on from the date such royalty report is due, . Payment of Royalties royalties in whole or in part may be made in advance of such due date. Royalties determined to be owing, and any overpayments to be credited credited, with respect to any prior period, will quarter shall be added together with interest (calculated in accordance with Section 5.8) on any overdue amounts accruing under this Agreement from the date of the report for the period for which such amounts are owingadded, or credited, as the case may be, together with interest thereon accruing under this Amended and Restated Agreement from the date of the report for the quarter for which such amounts are owing, to the next quarterly payment hereunder.
Appears in 2 contracts
Samples: And Restated Agreement, Patent Assignment and Option and Amended (Cortex Pharmaceuticals Inc/De/)