Article 9.
1. In the event that the Licensee fails to pay the Character Royalty or any other expense which it owes to RME by the respective due date, the Licensee shall pay any overdue amount with 15% annum of the overdue amount as delay damages from the due date until the date payment is actually made. This Paragraph shall apply to any of the Licensee's monetary obligations to the RME which are found by the Licensor’s inspection of the Licensee's account ledgers set forth in Article 18.
2. In the event that the Licensee fails to pay any expense due to RME under this Agreement, any of such non-payment will constitute a material default. In the case that the Licensor terminates this Agreement on the grounds of the Licensee’s non-payment, all amounts to be paid and obligations to be performed by the Licensee shall immediately become due and payable.