CERTAIN FOREIGN PAYMENTS. If governmental regulations prevent remittance from any foreign country of any amounts due under Section 3.1 in respect of that country, ALZA shall so notify Crescendo in writing, and the obligation under this Agreement to make payments with respect to sales in that country shall be suspended (but the amounts due but not paid shall continue to accrue) until such remittances are possible. Crescendo shall have the right, upon written notice to ALZA, to receive payment in any such country in the local currency.
Appears in 6 contracts
Samples: License Option Agreement (Alza Corp), License Agreement (Crescendo Pharmaceuticals Corp), License Agreement (Crescendo Pharmaceuticals Corp)
CERTAIN FOREIGN PAYMENTS. If governmental regulations ------------------------ prevent remittance from any foreign country of any amounts due under Section 3.1 in respect of that country, ALZA shall so notify Crescendo in writing, and the obligation under this Agreement to make payments with respect to sales in that country shall be suspended (but the amounts due but not paid shall continue to accrue) until such remittances are possible. Crescendo shall have the right, upon written notice to ALZA, to receive payment in any such country in the local currency.
Appears in 1 contract
Samples: License Option Agreement (Crescendo Pharmaceuticals Corp)
CERTAIN FOREIGN PAYMENTS. If governmental regulations ------------------------ prevent remittance from any foreign country of any amounts due under Section 3.1 in 7.4 with respect of to that country, ALZA shall so notify Crescendo in writing, and the obligation under this Agreement to make payments with respect to sales in that country shall be suspended (but the amounts due but not paid shall continue to accrue) until such remittances are possible. Crescendo shall have the right, upon written notice to ALZA, to receive payment in any such country in the local currency.
Appears in 1 contract
Samples: Development Agreement (Crescendo Pharmaceuticals Corp)
CERTAIN FOREIGN PAYMENTS. If governmental regulations prevent remittance from any foreign country of any amounts due under Section 3.1 in 7.4 with respect of to that country, ALZA shall so notify Crescendo in writing, and the obligation under this Agreement to make payments with respect to sales in that country shall be suspended (but the amounts due but not paid shall continue to accrue) until such remittances are possible. Crescendo shall have the right, upon written notice to ALZA, to receive payment in any such country in the local currency.
Appears in 1 contract
Samples: Development Agreement (Alza Corp)
