Common use of Accounting; Foreign Currency Clause in Contracts

Accounting; Foreign Currency. The aggregate amount of the Net Sales of ---------------------------- the Licensed Products used for computing the royalties payable hereunder shall be computed in U.S. Dollars, and all payments of such royalties shall be made in U.S. Dollars. For purposes of determining the amount of royalties due, the amount of the Net Sales of the Licensed Products in any foreign currency shall be computed by converting such amounts into U.S. Dollars at the prevailing commercial rate of exchange for purchasing U.S. Dollars, as quoted in The Wall Street Journal, on the last business day of the calendar quarter with respect to which such royalty payment is payable hereunder.

Appears in 3 contracts

Samples: License Agreement (Esperion Therapeutics Inc/Mi), License Agreement (Esperion Therapeutics Inc/Mi), License Agreement (Esperion Therapeutics Inc/Mi)

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Accounting; Foreign Currency. The aggregate amount of the Net Sales of the --- ---------------------------- the Licensed Products used for computing the royalties payable hereunder shall be computed in U.S. Dollars, and all payments of such royalties shall be made in U.S. Dollars. For purposes of determining the amount of royalties due, the amount of the Net Sales of the Licensed Products in any foreign currency shall be computed by converting such amounts into U.S. Dollars at the prevailing commercial rate of exchange for purchasing U.S. Dollars, as quoted in The Wall Street Journal, on the last business day of the calendar quarter with respect to which such royalty payment is payable hereunder.

Appears in 3 contracts

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

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Accounting; Foreign Currency. The aggregate amount of the Net Sales ---------------------------- of ---------------------------- the Licensed Products used for computing the royalties payable hereunder shall be computed in U.S. Dollars, and all payments of such royalties shall be made in U.S. Dollars. For purposes of determining the amount of royalties due, the amount of the Net Sales of the Licensed Products in any foreign currency shall be computed by converting such amounts into U.S. Dollars at the prevailing commercial rate of exchange for purchasing U.S. Dollars, as quoted in The Wall Street Journal, on the last business day of the calendar quarter with respect to which such royalty payment is payable hereunder.

Appears in 1 contract

Samples: License Agreement (Esperion Therapeutics Inc/Mi)

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