Currency Restrictions. Except as hereinafter provided in this Article 5.2, all royalties shall be paid in Dollars. If, at any time, legal restrictions prevent the prompt remittance of part of or all royalties with respect to any country in the Licensed Territory where Licensed Products are Sold, CYBERKINETICS, its Affiliates or Sublicensees shall have the right and option to make such payments by depositing the amount thereof in local currency to EMORY's account in a bank or depository in such country.
Appears in 3 contracts
Samples: Exclusive License Agreement (Cyberkinetics Neurotechnology Systems, Inc.), Exclusive License Agreement (Cyberkinetics Neurotechnology Systems, Inc.), Exclusive License Agreement (Cyberkinetics Neurotechnology Systems, Inc.)
Currency Restrictions. Except as hereinafter provided in this Article Section 5.2, all royalties shall be paid in Dollars. If, at any time, legal restrictions prevent the prompt remittance of part of or all royalties with respect to any country in the Licensed Territory where Licensed Products are Sold, CYBERKINETICS, COMPANY or its Affiliates or Sublicensees sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to EMORY's account LICENSORS' accounts in a bank or depository in such country.
Appears in 2 contracts
Samples: License Agreement (Triangle Pharmaceuticals Inc), License Agreement (Triangle Pharmaceuticals Inc)
Currency Restrictions. Except as hereinafter provided in this Article 5.2Section 7.2, all royalties shall be paid in Dollars. If, at any time, legal restrictions prevent the prompt remittance of part of or all royalties with respect to any country in the Licensed Territory where Licensed Products are Sold, CYBERKINETICS, AtheroGenics or its Affiliates or Sublicensees sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to EMORYEmory's account in a bank or depository in such country.
Appears in 2 contracts
Samples: License Agreement (Atherogenics Inc), License Agreement (Atherogenics Inc)
Currency Restrictions. Except as hereinafter herein provided in this Article 5.26, all royalties shall be paid in Dollars. If, at any time, legal restrictions prevent the prompt remittance of part of or all of the royalties with respect to any country in the Licensed Territory where Licensed Products are Soldsold, CYBERKINETICS, its Affiliates or Sublicensees Licensee shall have the right and option to make such payments by depositing the amount thereof in local currency to EMORY's account Licensor’s accounts in a bank or depository in such country.
Appears in 2 contracts
Samples: License, Development, and Commercialization Agreement, License, Development, and Commercialization Agreement (Provention Bio, Inc.)
Currency Restrictions. Except as hereinafter provided in this Article Section 5.2, all royalties shall be paid in Dollars. If, at any time, legal restrictions prevent the prompt remittance of part of or all royalties with respect to any country in the Licensed Territory where Licensed Products are Sold, CYBERKINETICS, COMPANY or its Affiliates or Sublicensees sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to EMORY's account LICENSOR’s accounts in a bank or depository in such country.
Appears in 1 contract
Samples: License Agreement (Pharmasset Inc)
Currency Restrictions. Except as hereinafter provided in this Article Section 5.2, all royalties shall be paid in Dollars. If, at any time, legal restrictions prevent the prompt remittance of part of or all royalties with respect to any country in the Licensed Territory where Licensed Products are Sold, CYBERKINETICS, COMPANY or its Affiliates or Sublicensees sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to EMORYLICENSOR's account accounts in a bank or depository in such country.
Appears in 1 contract