Common use of Currency Restrictions Clause in Contracts

Currency Restrictions. Except as hereinafter specified in this Section 5.2, all royalties and other amounts 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 Territory where Licensed Products are sold, Triangle or its sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to Bukwang’s accounts in a bank or depository in such country.

Appears in 2 contracts

Samples: License Agreement (Pharmasset Inc), License Agreement (Pharmasset Inc)

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Currency Restrictions. Except as hereinafter specified provided in this Section 5.2, all royalties and other amounts 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 Territory where Licensed Products are sold, Triangle Eisai or its sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to Bukwang’s accounts in a bank or depository in such country.

Appears in 2 contracts

Samples: License Agreement (Pharmasset Inc), License Agreement (Pharmasset Inc)

Currency Restrictions. Except as hereinafter specified provided in this Section 5.25.3, all royalties and other amounts 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 Territory where Licensed Products are sold, Triangle Pharmasset or its sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to Bukwang’s accounts in a bank or depository in such country.

Appears in 2 contracts

Samples: License Agreement (Pharmasset Inc), License Agreement (Pharmasset Inc)

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Currency Restrictions. Except as hereinafter specified provided in this Section 5.2, all royalties and other amounts 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 Territory where Licensed Products are sold, Triangle or its sublicensee shall have the right and option to make such payments by depositing the amount thereof in local currency to Bukwang’s 's accounts in a bank or depository in such country.

Appears in 1 contract

Samples: License Agreement (Triangle Pharmaceuticals Inc)

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