Overdue Payments. Any payments to be made by LICENSEE hereunder that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two percentage points above the Prime Rate of interest as reported in The Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.
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Samples: License Agreement (International Stem Cell CORP), Non Exclusive License Agreement (Avant Immunotherapeutics Inc), Non Exclusive License Agreement (A.C.T. Holdings, Inc.)
Overdue Payments. Any payments to be made by LICENSEE Licensee hereunder that are not paid on or before the date such payments are due under this Agreement shall bear interest, to the extent permitted by law, at two (2) percentage points above the Prime Rate prime rate of interest as reported in The Wall Street Journal on the date payment is due, with interest calculated based on the number of days that payment is delinquent.
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