Common use of Late Payments Clause in Contracts

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime rate published in the Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Laws, whichever is less.

Appears in 5 contracts

Samples: Collaboration Agreement, Collaboration Agreement (Ambit Biosciences Corp), Collaboration Agreement (Ambit Biosciences Corp)

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Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***] percentage points percent ([***]%), or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 5 contracts

Samples: License and Collaboration Agreement (Esperion Therapeutics, Inc.), Collaboration Agreement (Voyager Therapeutics, Inc.), Collaboration Agreement (Voyager Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at a rate equal to the prime rate published in U.S. Prime Rate for the date payment was due as reported by the Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Laws, whichever is lessJournal.

Appears in 5 contracts

Samples: Development and Commercialization Agreement (Fibrogen Inc), License, Development and Commercialization Agreement, Development and Commercialization Agreement (Fibrogen Inc)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall will thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of three percent (3%). The payment of such interest will not limit the prime rate published in Party entitled to payment from exercising any other rights it may have as a consequence of the Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Laws, whichever is lesslateness of any payment.

Appears in 4 contracts

Samples: Exclusive License Agreement (Relief Therapeutics Holding SA), Exclusive License Agreement (Acer Therapeutics Inc.), Collaboration and License Agreement (Relief Therapeutics Holding SA)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of prime rate published in the Wall Street Journal for such due date plus [***] percentage points or the maximum rate allowable by applicable LawsLaw, whichever is less.

Appears in 3 contracts

Samples: License Agreement (Ultragenyx Pharmaceutical Inc.), License Agreement (Ultragenyx Pharmaceutical Inc.), License Agreement (Ultragenyx Pharmaceutical Inc.)

Late Payments. If a Party does not receive payment from the other Party of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such receiving Party from the due date until the date of payment at the prime rate published in the Wall Street Journal for such due date plus a [***…] percentage points or the maximum rate allowable by applicable Laws, whichever is less[*].

Appears in 3 contracts

Samples: License and Collaboration Agreement (Cytokinetics Inc), License and Collaboration Agreement (Cytokinetics Inc), License and Collaboration Agreement (Cytokinetics Inc)

Late Payments. If Except as set forth in Exhibit D, if a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at a rate equal to the prime rate published in U.S. Prime Rate for the date payment was due as reported by the Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Laws, whichever is lessJournal.

Appears in 3 contracts

Samples: Development and Commercialization Agreement (Fibrogen Inc), Fibrogen Inc, Development and Commercialization Agreement (Fibrogen Inc)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of prime rate published in the Wall Street Journal for such due date plus […***…] * percentage points point or the maximum rate allowable by applicable LawsLaw, whichever is less.

Appears in 3 contracts

Samples: License and Collaboration Agreement (Five Prime Therapeutics Inc), License and Collaboration Agreement (Five Prime Therapeutics Inc), License and Collaboration Agreement (Five Prime Therapeutics Inc)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of [***] percent [***] over the then-current prime rate published during the period as reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable LawsApplicable Law, whichever is lesslower.

Appears in 2 contracts

Samples: License Agreement (Mersana Therapeutics, Inc.), License Agreement (Mersana Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***…] percentage points or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 2 contracts

Samples: Collaboration Agreement (Medivation, Inc.), Collaboration Agreement (Medivation, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime rate published in the Wall Street Journal for such due date plus [***] percentage points percent ([***]%) per annum or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 2 contracts

Samples: United States License and Collaboration Agreement, United States License and Collaboration Agreement (Transcept Pharmaceuticals Inc)

Late Payments. If a either Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on a daily basis on the sum due to such Party from the due date until the date of payment at the prime a rate published in the Wall Street Journal for such due date equal to EURIBOR plus [***…] percentage points per annum or the maximum rate allowable by applicable LawsLaw, whichever is less.

Appears in 2 contracts

Samples: License and Collaboration Agreement (Signal Genetics, Inc.), License and Collaboration Agreement (Signal Genetics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of prime rate published reported in the The Wall Street Journal for such (U.S., Eastern Edition) on the due date of the payment plus […***…] two percentage points point or the maximum rate allowable by applicable Lawslaw, whichever is less.

Appears in 2 contracts

Samples: Cd38 Product Collaboration Agreement (I-Mab), Cd38 Product Collaboration Agreement (I-Mab)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefortherefor set forth in this Agreement, simple interest shall thereafter accrue on the sum due to such the Party from the due date until the date of payment at a per-annum rate of one percent (1%) over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Laws, whichever is lesslower.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Applied Genetic Technologies Corp), Confidential Materials Omitted and Filed Separately With the Securities and Exchange Commission (Applied Genetic Technologies Corp)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall will thereafter accrue on the sum due to such Party from the due date until the date of payment at an annual rate of the prime rate published lower of (a) [***] (as reported in the The Wall Street Journal for such due date plus […***…] percentage points (Eastern U.S. Edition)) or (b) the maximum rate allowable allowed by applicable Laws, whichever is lessApplicable Law.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Codiak BioSciences, Inc.), Collaboration and License Agreement (Codiak BioSciences, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of [***] over the prime rate published then-current Prime Rate reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable LawsApplicable Law, whichever is lesslower.

Appears in 2 contracts

Samples: License Agreement (Molecular Templates, Inc.), License Agreement (Molecular Templates, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of [***] percent [***] over the then-current prime rate published during the period reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable LawsApplicable Law, whichever is lesslower.

Appears in 2 contracts

Samples: Commercial License Agreement (Mersana Therapeutics, Inc.), Commercial License Agreement (Mersana Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***…] percentage points ], or the maximum rate allowable by applicable LawsLaw, whichever is less.

Appears in 2 contracts

Samples: Research Services, License and Collaboration Agreement (Repare Therapeutics Inc.), Research Services, License and Collaboration Agreement (Repare Therapeutics Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime rate published in the [***], as reported by The Wall Street Journal for such due date plus from time to time, [***…] percentage points ], or the maximum rate allowable applicable legal rate, if less. The interest payment shall be due from the [***] until the day that the payment was received by applicable Lawssuch Party; provided that, whichever is lesswith respect to any bona fide disputed payments, [***], calculated from [***] through the date [***].

Appears in 2 contracts

Samples: License Agreement (Sol-Gel Technologies Ltd.), License Agreement (Sol-Gel Technologies Ltd.)

Late Payments. If a Party does not receive payment of any undisputed sum due to it on or before the due date thereforset forth under this Agreement, then simple interest shall will thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of [***] percentage point over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Lawsunder Applicable Law, whichever is lesslower.

Appears in 2 contracts

Samples: Collaborative Research and License Agreement (C4 Therapeutics, Inc.), Collaborative Research and License Agreement (C4 Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime rate published in by the Wall Street Journal for such due date U.S. Federal Reserve plus […***…] percentage points five percent (5%) per annum or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 2 contracts

Samples: Drug License and Development Agreement (Lantern Pharma Inc.), Drug License and Development Agreement (Lantern Pharma Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall will thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of [***] above the prime rate published as reported in the The Wall Street Journal for such due date plus […***…] percentage points Journal, Eastern Edition, or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 2 contracts

Samples: Collaboration Agreement (Unum Therapeutics, Inc.), Collaboration Agreement (Unum Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefortherefor set forth in this Agreement, simple interest shall thereafter accrue on the sum due to such the Party from the due date until the date of payment at a per-annum rate of [***] over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Laws, whichever is lesslower.

Appears in 1 contract

Samples: Confidential Materials Omitted and Filed Separately With the Securities and Exchange Commission (Applied Genetic Technologies Corp)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of prime rate published reported in the The Wall Street Journal for such Journal, Western U.S. Edition on the due date of the payment plus [***] percentage points percent ([***]%) per annum, or the maximum rate allowable by applicable Applicable Laws, whichever is less.

Appears in 1 contract

Samples: Collaborative Development and Commercialization Agreement (Tracon Pharmaceuticals, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall will thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime per annum rate published in the Wall Street Journal for such due date plus equal to [***…] percentage points or the maximum rate allowable by applicable Laws, whichever is less].

Appears in 1 contract

Samples: Exclusive Research Collaboration, License and Option Agreement (LogicBio Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such the Party from the due date until the date of payment at the per annum rate equal to the lesser of (i) the rate announced by Bank of America (or its successor) as its prime rate published in effect on the Wall Street Journal for date that such payment would have been first due date plus [***] percentage points or (ii) the maximum rate allowable by applicable Laws, whichever is lesspermissible under Applicable Law.

Appears in 1 contract

Samples: Commercialization Agreement (Biogen Inc.)

Late Payments. If a Party does not receive payment of any undisputed sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the unpaid and undisputed sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***] percentage points as reported in The Wall Street Journal, Internet Edition on the date such amount was first due, or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 1 contract

Samples: Option, License and Collaboration Agreement (Assembly Biosciences, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime per annum rate published in of 3% over the Wall Street Journal for such due date plus […***…] percentage points then-current LIBOR, or the maximum rate allowable by applicable LawsLaw, whichever is lesslower.

Appears in 1 contract

Samples: Confidential Treatment (Tg Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of U.S. prime rate published in the Wall Street Journal for such due date plus [*…***…] percentage points or the maximum rate allowable by applicable LawsLaw, whichever is less.

Appears in 1 contract

Samples: Development and Co Commercialization Agreement (Arcturus Therapeutics Ltd.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime per annum rate published in of * % over the Wall Street Journal for such due date plus […***…] percentage points then-current LIBOR, or the maximum rate allowable by applicable LawsLaw, whichever is lesslower.

Appears in 1 contract

Samples: Confidential Treatment (Tg Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***] percentage points percent [***]%), or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 1 contract

Samples: License and Collaboration Agreement (Esperion Therapeutics, Inc.)

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Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such the Party from the due date until the date of payment at a per-annum rate of [***] over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Lawslaws, whichever is lesslower.

Appears in 1 contract

Samples: Collaboration and License Agreement (Sangamo Biosciences Inc)

Late Payments. If a Party does not receive payment of any undisputed sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the unpaid and undisputed sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***] percentage points as reported in The Wall Street Journal, Eastern Edition, or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 1 contract

Samples: Option, License and Collaboration Agreement (Arcus Biosciences, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [*****] percentage points or the maximum rate allowable by applicable Applicable Laws, whichever is less.

Appears in 1 contract

Samples: Distribution and Commercialization Agreement (Anacor Pharmaceuticals, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such the Party from the due date until the date of payment at a per-annum rate of two percent (2%) over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Lawslaws, whichever is lesslower.

Appears in 1 contract

Samples: Collaboration and License Agreement (Sangamo Biosciences Inc)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a rate published in the Wall Street Journal for such due date plus equal to [***…] percentage points ], calculated on the number of days such payments are paid after the date such payments are due. Accrual and payment of interest shall not be deemed to excuse or the maximum rate allowable by applicable Laws, whichever is lesscure breaches of contract arising from late payment or nonpayment.

Appears in 1 contract

Samples: Research and License Agreement (Ligand Pharmaceuticals Inc)

Late Payments. If a Party does not receive payment of any undisputed sum due to it on or before the due date thereforset forth under this Agreement, then simple interest shall will thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of one percentage point over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Lawsunder Applicable Law, whichever is lesslower.

Appears in 1 contract

Samples: License and Collaboration Agreement (Catalyst Biosciences, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime yearly rate published in the Wall Street Journal for such due date plus […of *** percent (***…] percentage points %) above the then-applicable ***, or at the maximum rate allowable permitted by applicable LawsApplicable Law, whichever is less.the lower..

Appears in 1 contract

Samples: License and Commercialization Agreement (Vivus Inc)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***] percentage points or the maximum rate allowable by applicable LawsLaw, whichever is less.

Appears in 1 contract

Samples: Collaboration and License Agreement (Immunome Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of prime rate published (as reported in the The Wall Street Journal for such due date (U.S., Eastern Edition) plus […***…] percentage points or the maximum rate allowable by applicable LawsLaw, whichever is less.

Appears in 1 contract

Samples: License and Collaboration Agreement (Xenon Pharmaceuticals Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime rate published in the Wall Street Journal for such due date plus […of *** percent (***…] percentage points %) per month or the maximum annual rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 1 contract

Samples: License and Commercialization Agreement (Vivus Inc)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of prime rate published reported in the The Wall Street Journal for such Journal, Western U.S. Edition on the due date of the payment plus [***] percentage points per annum, or the maximum rate allowable by applicable Applicable Laws, whichever is less.

Appears in 1 contract

Samples: Trial Agreement (Tracon Pharmaceuticals, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefordate, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime rate published (as stated in the Wall Street Journal for on the date such due date payment was due) plus […***…] percentage points four percent (4%) or the maximum rate allowable by applicable Lawslaw, whichever is less.

Appears in 1 contract

Samples: Collaboration Agreement (Combinatorx, Inc)

Late Payments. If a Party does not receive payment of any sum due to it on or before within [ * ] of the due date therefor, simple interest shall thereafter accrue on a daily basis on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date of LIBOR plus […***…[ * ] percentage points or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 1 contract

Samples: Collaboration and License Agreement (Aduro Biotech, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of [***] over the then-current LIBOR prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable LawsApplicable Law, whichever is lesslower.

Appears in 1 contract

Samples: Development Collaboration and Exclusive License Agreement (Molecular Templates, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the a per-annum rate of prime rate published in the Wall Street Journal for such due date plus […***…] two (2) percentage points or the maximum rate allowable by applicable Applicable Laws, whichever is less.

Appears in 1 contract

Samples: Promotion and Collaboration Agreement (Novan, Inc.)

Late Payments. If a Party does not receive payment of any undisputed sum due to it on or before the due date thereforset forth under this Agreement, then simple interest shall will thereafter accrue on the sum due to such Party from the due date until the date of payment at a per-annum rate of [***] points over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Lawsunder Applicable Law, whichever is lesslower.

Appears in 1 contract

Samples: Commercialization and License Agreement (Evelo Biosciences, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [**] percent ([*…] percentage points *]%), or the maximum rate allowable by applicable LawsApplicable Law, whichever is less.

Appears in 1 contract

Samples: Termination Agreement (Voyager Therapeutics, Inc.)

Late Payments. If a Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such the Party from the due date until the date of payment at a per-annum rate of two percent over the then-current prime rate published reported in the The Wall Street Journal for such due date plus […***…] percentage points or the maximum rate allowable by applicable Lawslaws, whichever is less.lower. *** CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION 11 INTELLECTUAL PROPERTY

Appears in 1 contract

Samples: Collaboration and License Agreement (Sangamo Biosciences Inc)

Late Payments. If a either Party does not receive payment of any sum due to it on or before the due date therefor, simple interest shall thereafter accrue on the sum due to such Party from the due date until the date of payment at the prime a per-annum rate published in the Wall Street Journal for such due date plus of [***…] percentage points ], or the maximum rate allowable by applicable Applicable Laws, whichever is less.

Appears in 1 contract

Samples: License and Collaboration Agreement (Graphite Bio, Inc.)

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