Payments Clause Example with 8 Variations from Business Contracts

Payments. Royalties Amounts shown to have accrued by each royalty report provided for under Section 5 above shall be due 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. 6.2 Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Licensee shall have the right, in its sole discretion, to make such payments... by depositing the amount thereof in local currency to ID4's Licensor's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 6.3 Withholding Taxes. Company Licensee shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, amounts payable by Company, Licensee, its Affiliates or sublicensees, Sublicensees, or any taxes required to be withheld by Company, Licensee, its Affiliates or sublicensees, Sublicensees, to the extent Company, Licensee, its Affiliates or sublicensees Sublicensees pay to the appropriate governmental authority on behalf of ID4 Licensor such taxes, levies or charges. Company Licensee shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 Licensor by Company, Licensee, its Affiliates or sublicensees. Company Sublicensees. Licensee promptly shall deliver to ID4 Licensor proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority with respect thereto. 6.4 Late Payments. In the event that any payment due hereunder is not made when due, the payment shall accrue interest beginning on the tenth day following the due date thereof, calculated at the annual rate of [***], on the date said payment is due, the interest being compounded on the last day of each calendar quarter, provided however, that in no event shall said annual interest rate exceed the maximum legal interest rate. Each such payment when made shall be accompanied by all interest so accrued. Said interest and the payment and acceptance thereof shall not negate or waive the right of Licensor to seek any other remedy, legal or equitable, to which it may be entitled because ofthe delinquency of any payment including, but not limited to, termination of this Agreement as set forth in Section 10. View More

Payments. Royalties shown to have accrued by each royalty report provided for under Section 5 above shall be due 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. All royalties shall be paid through wire transfer at the bank account designated by Carna. 6.2 Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, C...ompany ProNAi shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to ID4's Carna's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 6.3 Withholding Taxes. Company ProNAi shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, amounts payable by Company, ProNAi, its Affiliates or sublicensees, or any taxes required to be withheld by Company, ProNAi, its Affiliates or sublicensees, to the extent Company, ProNAi, its Affiliates or sublicensees pay to the appropriate governmental authority on behalf of ID4 Carna such taxes, levies or charges. Company ProNAi shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 Carna by Company, ProNAi, its Affiliates or sublicensees. Company ProNAi promptly shall deliver to ID4 Carna proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority with respect thereto. View More

Payments. Royalties shown to have accrued by each royalty report provided for under Section 5 above 6.1 shall be due on the date such royalty report is due. The method of payment shall be by check or wire transfer to an address or account specified in writing by NEOMED. Payment of royalties in whole or in part may be made in advance of such due date. 6.2 [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has ...been requested with respect to the omitted portions. -14- 7.2 Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Artelo shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to ID4's NEOMED's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 6.3 7.3 Withholding Taxes. Company Artelo shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, payable by Company, Artelo, its Affiliates or sublicensees, or any taxes required to be withheld by Company, Artelo, its Affiliates or sublicensees, to the extent Company, Artelo, its Affiliates or sublicensees pay to the appropriate governmental authority on behalf of ID4 NEOMED such taxes, levies or charges. Company Artelo shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 NEOMED by Company, Artelo, its Affiliates or sublicensees. Company Artelo promptly shall deliver to ID4 NEOMED proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority with respect thereto. View More

Payments. Royalties shown to have accrued by each royalty report provided for under Section 5 5.1 above shall be due 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. 6.2 Amounts which are not paid when due shall accrue interest from the due date until paid, at a rate equal to the then prevailing prime rate of Citibank, N.A., plus [***] percent ([***]%). 7.2 Exchange Control. If at any time legal restrictions prevent the prompt remitt...ance of part or all royalties with respect to any country in the Territory where the Royalty Product is sold, Company Candel shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to ID4's Periphagen's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 6.3 7.3 Withholding Taxes. Company Candel shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, or any income related taxes in any other jurisdiction, payable by Company, Candel, its Affiliates or sublicensees, or any taxes required to be withheld by Company, Candel, its Affiliates or sublicensees, to the extent Company, Candel, its Affiliates or sublicensees pay to the appropriate governmental authority on behalf of ID4 Periphagen such taxes, levies or charges. Company Candel shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 Periphagen by Company, Candel, its Affiliates or sublicensees. Company Candel promptly shall deliver to ID4 Periphagen proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority with respect thereto. View More

Payments. Royalties shown to have accrued by each royalty report provided for under Section 5 above 6.1 shall be due on the date such royalty report is due. The method of payment shall be by check or wire transfer to an address or account specified in writing by NEOMED. Payment of royalties in whole or in part may be made in advance of such due date. 6.2 7.2 Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territo...ry where the Product is sold, Company Artelo shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to ID4's NEOMED's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 6.3 7.3 Withholding Taxes. Company Artelo shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, payable by Company, Artelo, its Affiliates or sublicensees, or any taxes required to be withheld by Company, Artelo, its Affiliates or sublicensees, to the extent Company, Artelo, its Affiliates or sublicensees pay to the appropriate governmental authority on behalf of ID4 NEOMED such taxes, levies or charges. Company Artelo shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 NEOMED by Company, Artelo, its Affiliates or sublicensees. Company Artelo promptly shall deliver to ID4 NEOMED proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority with respect thereto. View More

Payments. Royalties shown to have accrued by each royalty report provided for under Section 5 above shall be due 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. 6.2 Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Oxis shall have the right, in its sole discretion, to make such payments by depositi...ng the amount thereof in local currency to ID4's Licensor's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 7 6.3 Withholding Taxes. Company Oxis shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, payable by Company, Oxis, its Affiliates or sublicensees, or any taxes required to be withheld by Company, Oxis, its Affiliates or sublicensees, to the extent Company, Oxis, its Affiliates or sublicensees pay to the appropriate governmental authority on behalf of ID4 Licensor such taxes, levies or charges. Company Oxis shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 Licensor by Company, Oxis, its Affiliates or sublicensees. Company Oxis promptly shall deliver to ID4 Licensor proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority with respect thereto. View More

Payments. Royalties shown to have accrued by each royalty report provided for under Section 5 above shall be due 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. 6.2 Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Oxis shall have the right, in its sole discretion, to make such payments by depositi...ng the amount thereof in local currency to ID4's Licensor's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 6.3 Withholding Taxes. Company Oxis shall be entitled to deduct the amount of any withholding taxes, value-added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, payable by Company, Oxis, its Affiliates or sublicensees, or any taxes required to be withheld by Company, Oxis, its Affiliates or sublicensees, to the extent Company, Oxis, its Affiliates or sublicensees pay to the appropriate governmental authority on behalf of ID4 Licensor such taxes, levies or charges. Company Oxis shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 Licensor by Company, Oxis, its Affiliates or sublicensees. Company Oxis promptly shall deliver to ID4 Licensor proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority with respect thereto. View More

Payments. Royalties shown to have accrued by each royalty report provided for under Section 5 above 5.1 shall be due 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. 6.2 Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company shall have the right, in its sole discretion, to make such payments by depositin...g the amount thereof in local currency to ID4's Licensor's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate. 6.3 Withholding Taxes. Company shall be entitled to deduct the amount of any withholding taxes, value-added valued added taxes or other taxes, levies or charges with respect to such amounts, other than United States taxes, payable by Company, its Affiliates or sublicensees, or any taxes Sublicensees, and required to be withheld by Company, its Affiliates or sublicensees, Sublicensees, to the extent Company, its Affiliates or sublicensees Sublicensees pay to the appropriate governmental authority Governmental Authority on behalf of ID4 Licensor such taxes, levies or charges. Company shall use reasonable efforts to minimize any such taxes, levies or charges required to be withheld on behalf of ID4 Licensor by Company, its Affiliates or sublicensees. Sublicensees. Company promptly shall deliver to ID4 Licensor proof of payment of all such taxes, levies and other charges, together with copies of all communications from or with such governmental authority Governmental Authority with respect thereto. thereto and shall cooperate with and provide reasonable assistance to Licensor in order to obtain a repayment of any such taxes, levies and charges. View More