Currency Control. In the event that any currency control ----------------- laws come into effect in the Territory which prevent the payment to R2 of any sums due under this Agreement to be made in United States Dollars, GEMS will notify R2 as promptly as practicable, and will cooperate with R2 in any procedure reasonably requested by R2 to give effect to the parties' intent under this Agreement without incurring unreasonable costs.
Currency Control. Licensee shall obtain the necessary Approvals and registrations (including any reporting requirements to the central bank or monetary authority as the case may be) as required by the appropriate authorities to ensure that all currency control requirements have been met in order to facilitate the smooth and timely payments of the sums (in United States Dollars) due to RGI under this Agreement.
Currency Control. Distributor represents and warrants that, on the Effective Date of this Agreement, no currency control laws applicable in the Territory prevent the payment to Somnus of any sums due under this Agreement.
Currency Control. Distributor represents and warrants that as of the Effective Date, no applicable currency control laws prevent the payment to ZAP of any amounts due to ZAP under this Agreement. Distributor agrees to promptly notify ZAP of any currency control laws that may affect Distributor’s ability to make payment of any of the amounts due to ZAP under this Agreement.
Currency Control. Kobayashi represents and warrants that, on the Effective Date of this Agreement, no currency control laws applicable in Japan prevent the payment to ArthroCare of any sums due under this Agreement.
Currency Control. Distributor represents and warrants that no ---------------- currency control laws applicable in the Territory prevent the payment to Echelon of any sums due under this Agreement. In the event that any such laws come into effect and the local government of the Territory does not permit that payment be made in United States Dollars, Distributor will notify Echelon immediately, and if so instructed by Echelon, deposit all monies due Echelon to the account of Echelon in a local bank of Echelon's choice in the Territory.
Currency Control. If, by law, regulations, or fiscal policy of a particular country, payment as provided for above is restricted or forbidden, notice thereof in writing will be given to Bayer and payment of the royalty will be made through such lawful means or methods as Bayer designates. If Bayer fails to so designate such lawful means or methods within sixty (60) days after such notice is given to Bayer, the payment of royalties by Gen-Probe will be made by the deposit thereof in local currency to the credit of Bayer in a recognized banking institution designated by Bayer or, if none be designated by Bayer within such period of sixty (60) days, in a recognized banking institution of which Gen-Probe shall notify Bayer. Any payment made pursuant to this Section 4.7 shall not be considered late or past due nor constitute a breach of this Agreement, including for purposes of Sections 4.4 and 7.1, if such payment is made within forty-five (45) days of (i) Bayer’s designation of lawful means and methods of payment or (ii) the expiration of the sixty (60) day period described in this Section above.
Currency Control. SST represents and warrants that, on the ---------------- Effective Date of this Agreement, no currency control laws applicable in the Territory prevent the payment to FMT of any sums due under this Agreement.
Currency Control. UTStarcom represents and warrants that, as of the Effective Date of this Agreement, no currency control laws applicable in the Territory prevent the payment to IWAV of any sums due under this Agreement. In the event that any such laws come into effect and the local government of the Territory does not permit that payment be made in United States Dollars, UTStarcom will notify IWAV immediately, and if so instructed by IWAV, deposit all monies due IWAV to the account of IWAV in a local bank of IWAV's choice in the Territory.
Currency Control. Company represents and warrants that no currency control laws applicable in the Territory prevent the payment to Wherify of any sums due under this Agreement in United States dollars. In the event that any such laws come into effect and the local government of the Territory does not permit that payment be made in United States Dollars, Company will notify Wherify immediately, and if so instructed by Wherify, deposit all monies due Wherify to the account of Wherify in a local bank of Wherify's choice in the Territory. Wherify has the right to suspend performance, and terminate this Agreement, in the event any currency control law prevents payment to Wherify in a manner that is acceptable to Wherify.
