Common use of Calculation of Royalties Clause in Contracts

Calculation of Royalties. Any conversions into U.S. Dollars (USD) from the currency in which the corresponding Net Sales for any royalties were made, are to be made by applying an exchange rate equal to the applicable buying rate reported by The Wall Street Journal for the currency of the country in question for the last business day of the calendar quarter in question.

Appears in 4 contracts

Samples: License Agreement (Biosante Pharmaceuticals Inc), License Agreement (Antares Pharma Inc), License Agreement (Biosante Pharmaceuticals Inc)

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