Common use of Default Payment Clause in Contracts

Default Payment. In the event of default in payment of any payment owing to Penn under the terms of this Agreement, and if it becomes necessary for Penn to undertake legal action to collect said payment, Licensee shall pay reasonable, documented legal fees and costs incurred in connection therewith.

Appears in 7 contracts

Samples: License Agreement (Amicus Therapeutics, Inc.), License Agreement (Passage BIO, Inc.), License Agreement (Passage BIO, Inc.)

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Default Payment. In the event of default in payment of any payment owing to Penn under the terms of this AgreementAgreement (other than a good faith dispute by Licensee of the amount of a payment), and if it becomes necessary for Penn to undertake legal action to collect said payment, Licensee shall pay reasonable, documented legal fees and costs incurred in connection therewith.

Appears in 1 contract

Samples: License Agreement (Sesen Bio, Inc.)

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Default Payment. In the event of default in payment of any payment owing to Penn under the terms of this Agreement, and if it becomes necessary for Penn to undertake legal action to collect said payment, in the event that Licensee is found liable in a court of competent jurisdiction, then Licensee shall pay reasonable, documented legal fees and costs incurred in connection therewith[***].

Appears in 1 contract

Samples: License Agreement (Eiger BioPharmaceuticals, Inc.)

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