Common use of Blocked Currency Clause in Contracts

Blocked Currency. If at any time legal restrictions in the Territory prevent the prompt remittance of any payments with respect to sales therein, ASLAN shall have the right and option to make such payments by depositing the amount thereof in local currency to Array account in a bank or depository in the Territory.

Appears in 4 contracts

Samples: License Agreement, License Agreement (ASLAN Pharmaceuticals LTD), License Agreement (ASLAN Pharmaceuticals LTD)

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Blocked Currency. If at any time legal restrictions in the Territory prevent the prompt remittance of any payments with respect to sales therein, ASLAN Oncothyreon shall have the right and option to make such payments by depositing the amount thereof in local currency to Array account in a bank or depository in the Territory.

Appears in 3 contracts

Samples: License Agreement (Seattle Genetics Inc /Wa), License Agreement (Oncothyreon Inc.), License Agreement (Array Biopharma Inc)

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