Currency of Payment. All payments to be made under this Agreement shall be made in United States dollars in the United States to a bank account designated by the party to be paid. Royalties earned shall first be determined in the currency of the country in which they are earned and then converted to its equivalent in United States currency. Such conversion shall be based on the average buying rates of exchange for the currencies involved into the currency of the United States quoted by Citibank (or its successor in interest) in New York, New York at the close of business on each business day of the quarterly period in which the royalties were earned.
Appears in 7 contracts
Samples: Development and Marketing Collaboration Agreement (Onyx Pharmaceuticals Inc), Development and Marketing Collaboration Agreement (Onyx Pharmaceuticals Inc), Collaboration Agreement (Onyx Pharmaceuticals Inc)
Currency of Payment. All payments to be made under this Agreement shall be made in United States dollars in the United States by wire transfer to a bank account designated by the party Party to be paid. Royalties earned shall first be determined in the currency of the country in which they are earned and then converted to its equivalent in United States currency. Such conversion shall be based on the average The buying rates of exchange for the currencies involved into the currency of the United States quoted by Citibank (or its successor in interest) in New York, New York at the close of business on each the last business day of the quarterly period in which the royalties were earnedearned shall be used to determine any such conversion.
Appears in 3 contracts
Samples: Development and License Agreement (Ligand Pharmaceuticals Inc), Development and License Agreement (Ligand Pharmaceuticals Inc), Development and License Agreement (Ligand Pharmaceuticals Inc)
Currency of Payment. All payments to be made under this Agreement shall be made in United States dollars in the United States to a bank account designated by the party to be paid. Royalties earned shall first be determined in the currency of the country in which they are earned and then converted to its equivalent in United States currency. Such conversion shall be based on the average The buying rates of exchange for the currencies involved into the currency of the United States quoted by Citibank (or its successor in interest) in New York, New York at the close of business on each the last business day of the quarterly period in which the royalties were earnedearned shall be used to determine any such conversion.
Appears in 3 contracts
Samples: Development and Marketing Agreement (Leukosite Inc), Research and Development Agreement (Leukosite Inc), Confidential Treatment (Leukosite Inc)
Currency of Payment. All payments to be made under this Agreement shall be made in United States dollars in the United States to a bank account designated by the party to be paid. Royalties earned shall first be determined in the currency of the country in which they are earned and then converted to its equivalent in United States currency. Such conversion shall be based on the average The buying rates of exchange for the currencies involved into the currency of the United States quoted by Citibank (or its successor in interest) in New York, New York York, at the close of business on each the last business day of the quarterly period in which the royalties were earnedearned shall be used to determine any such conversion.
Appears in 1 contract
Samples: Certain (Cocensys Inc)
Currency of Payment. All payments to be made under this Agreement shall be made in United States dollars in the United States to a bank account designated by the party to be paidInterneuron. Royalties earned shall first be determined in the currency of the country in which they are earned and then converted to its equivalent in United States currency. Such conversion shall be based on the average buying rates of exchange for the currencies involved into the currency of the United States quoted by Citibank (or its successor in interest) in New York, New York at the close of business on each business day of the quarterly period in which the royalties were earned.
Appears in 1 contract
Samples: License Agreement (Interneuron Pharmaceuticals Inc)