Currency and Exchange Rate. 9.1. The Supplier shall disburse funds in denominations of [insert currency of payment to beneficiaries], or as directed by the Customer, to the named Recipients in accordance with the details shared by the Customer.
Currency and Exchange Rate. All invoices submitted to PROTEON pursuant to Section 6.2 shall be paid by PROTEON in U.S. Dollars (USD) based on the conversion of each payment amount scheduled in the Swiss Francs (CHF) denominated Milestone Payment Schedule in Exhibit B to USD, utilizing the base exchange rate, as described in the next sentence, or as otherwise adjusted pursuant to this Section 6.3. The base exchange rate for this Agreement will be that for purchasing CHF with USD at closing on the Effective Date of the Agreement as stated in the Wall Street Journal, Eastern Edition. If the exchange rate, as stated in the Wall Street Journal, Eastern Edition, for purchasing CHF with USD increases or decreases by 5% or less from the base exchange rate at any date of invoice then no adjustment shall be made; if the exchange rate for purchasing CHF with USD increases or decreases by more than 5% from the base exchange rate at any date of invoice, then LONZA shall continue to bear the burden or benefit of the first 5% increase or decrease, and the Parties shall each assume 50% of the burden or the benefit of such increase or decrease greater than 5%.
Currency and Exchange Rate. Each royalty payment provided for under this Agreement shall be paid in United States dollars. With respect to sales of Products invoiced in United States dollars, the gross sales, Net Sales, and royalties payable shall be expressed in United States dollars. With respect to sales of Products invoiced in a currency other than United States dollars, the gross sales, Net Sales and royalties payable shall be expressed in the domestic currency of the party making the sale together with the United States dollar equivalent of the royalty payable. The United States dollar equivalent shall be calculated using the average exchange rate (local currency per US$1) published in THE WALL STREET JOURNAL, Western Edition, under the heading "Currency Trading," on each of the last business days of each month during the applicable royalty period.
Currency and Exchange Rate. Genencor shall make all payments to ENBC under this Agreement in U.S. Dollars and to a bank account to be designated by ENBC. Net Sales shall be calculated on the basis of the rates of exchange as quoted by the Wall Street Journal (U.S.A. Edition) on the last business day of the calendar quarter in which the corresponding sales of Licensed Products were made; provided, however, that if the rate of exchange so determined for the current quarter varies by an amount of 3% or more from the rate of exchange so determined on the last business day of the preceding quarter, the rate of exchange for the current quarter shall be calculated on a monthly basis on the last business day of each calendar month during such quarter and applied to the Net Sales for each such month.
Currency and Exchange Rate. All payments required under this Agreement shall be made in United States dollars by check, money order or wire transfer to a bank account as designated by University. All such payments must include the University invoice number or the contract number [***] on the check or cover letter. The royalties on sales in currencies other than United States dollars shall be calculated using the appropriate foreign exchange rate for such currency as published in The Wall Street Journal (Western edition) on the last business day of each calendar quarter in which the sales occurred. All non-U.S. taxes related to royalty payments shall be paid by Licensee and are not deductible from the payments due University.
Currency and Exchange Rate. NOVO NORDISK shall make all payments to -------------------------- MAXYGEN under this Agreement in U.S. Dollars and to a bank account to be designated by MAXYGEN. Net Proceeds of Sales shall be calculated on the basis of the rates of exchange as quoted by the Wall Street Journal (U.S.A. Edition) on the last business day of the calendar quarter in which the corresponding sales of Licensed Products were made.
Currency and Exchange Rate. Payments under this Agreement will be made in U.S. Dollars by wire transfer to a bank account to be designated by the receiving Party. Net Sales in currency other than U.S. Dollars shall be converted into Net Sales in U.S. Dollars on a monthly basis using the rate of exchange as quoted by the Wall Street Journal (Eastern Edition) on the last business day of the applicable month in which the corresponding sales of Licensed Products or EPMN Products were made.
Currency and Exchange Rate. The principal and interest of a foreign-currency denominated loan may be repaid in the foreign currency in which the loan was extended or Korea Won, and in case of repayment in Korean Won, an applicable exchange rate shall be the telegraphic transfer selling rate to the customers as of the date of repayment.
Currency and Exchange Rate. Unless otherwise specified in this Agreement, all references to currency, monetary values and dollars set forth herein shall mean United States (U.S.) dollars and all payments hereunder shall be made in United States dollars. In the event that there is any need to convert U.S. dollars into any foreign currency, or vice versa, for any purpose under this Agreement, the exchange rate shall be that published by The Wall Street Journal three (3) Business Days before the date on which the obligation is paid (or if The Wall Street Journal is not published on such date, the first date thereafter on which The Wall Street Journal is published), except as otherwise required by applicable Law (in which case, the exchange rate shall be determined in accordance with such Law).
Currency and Exchange Rate. If conversion to another currency is required, the monthly corporate exchange rate shall be used. All amounts shall be denominated in the currency of the Provider.
