CERTAIN FOREIGN PAYMENTS. If governmental regulations prevent remittance from any foreign country of any amounts due under Section 7.4 with respect to that country, Allergan shall so notify ASTI 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. ASTI shall have the right, upon written notice to Allergan, to receive payment in any such country in the local currency.
Appears in 4 contracts
Samples: Research and Development Agreement (Allergan Inc), Research and Development Agreement (Allergan Specialty Therapeutics Inc), Research and Development Agreement (Allergan Specialty Therapeutics Inc)
CERTAIN FOREIGN PAYMENTS. If governmental regulations prevent remittance from any foreign country of any amounts due under Section 7.4 with 3.1 in respect to of that country, Allergan shall so notify ASTI 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. ASTI shall have the right, upon written notice to Allergan, to receive payment in any such country in the local currency.
Appears in 3 contracts
Samples: License Option Agreement (Allergan Inc), License Option Agreement (Allergan Specialty Therapeutics Inc), License Option Agreement (Allergan Specialty Therapeutics Inc)
