Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.
Appears in 4 contracts
Samples: Collaboration Agreement (Protein Design Labs Inc/De), Collaboration Agreement (Protein Design Labs Inc/De), Collaboration Agreement (Exelixis Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country under such country's applicable law, royalties or profit share payments accrued in that country shall be paid to the receiving a Party in the country in local currency by deposit in a local bank designated by the receiving such Party, unless the Parties otherwise agree.
Appears in 3 contracts
Samples: Development and License Agreement (Optimer Pharmaceuticals Inc), Stockholders Agreement (Optimer Pharmaceuticals Inc), Development and License Agreement (Optimer Pharmaceuticals Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, at the election of the Party paying royalties, royalties or profit share payments accrued in that country shall be paid to the receiving other Party in the country in local currency by deposit in a local bank designated by the receiving other Party, unless the Parties otherwise agree.
Appears in 3 contracts
Samples: Development and License Agreement (Aderis Pharmaceuticals Inc), Development and License Agreement (Aderis Pharmaceuticals Inc), Development and License Agreement (Aderis Pharmaceuticals Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, at the election of the Commercializing Party, royalties or profit share payments accrued in that country shall be paid to the receiving Receiving Party in the country in local currency by deposit in a local bank designated by the receiving Receiving Party, unless the Parties otherwise agree.
Appears in 3 contracts
Samples: Collaboration Agreement (Signal Pharmaceuticals Inc), Collaboration Agreement (Signal Pharmaceuticals Inc), Collaboration Agreement (Signal Pharmaceuticals Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, at the election of the paying Party, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.
Appears in 1 contract
Samples: License and Supply Agreement (Epoch Biosciences Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.
Appears in 1 contract
Samples: Integrilin Agreement (Millennium Pharmaceuticals Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Receiving Party in the country in local currency by deposit in a local bank designated by the receiving Receiving Party, unless the Parties otherwise agree.
Appears in 1 contract
Samples: Joint Development and Commercialization Agreement (Signal Pharmaceuticals Inc)
