Common use of Storage Fee Clause in Contracts

Storage Fee. Cempra will use Commercially Reasonable Efforts to take delivery of the Products from the Facility no later than [*] days after full release and clearance of the Products. A storage fee of [*] Dollars ($[*]) [*] shall be due and payable to Hospira if Cempra stores Product at the Facility for more than [*] days after the date of Hospira’s notice to Cempra that such Product is available for delivery; [*].

Appears in 2 contracts

Sources: Development and Supply Agreement (Cempra, Inc.), Development and Supply Agreement (Cempra, Inc.)