Common use of Currency Restrictions Clause in Contracts

Currency Restrictions. Except as otherwise provided hereinafter in this Section 4.7, all Earned Royalties and Sublicense Royalties shall be paid in Dollars. If, at any time, legal or other restrictions imposed by a government or governmental agency or established by a court of competent jurisdiction in a particular country, prevent the prompt remittance and conversion into Dollars of part of or all Earned Royalties and/or Sublicense Royalties with respect to Sales of Licensed Products in such country, Acorda and/or its Affiliates shall have the right and option to make such payments by depositing the amount thereof in local currency to the Institutions’ account in a bank or depository in such country.

Currency Restrictions. Except as otherwise hereinafter provided hereinafter in this Section 4.75.2, all Earned Royalties Royalties, Upfront Sublicense Fees and Sublicense Royalties Milestone Payments shall be paid in Dollars. If, at any time, legal or other restrictions imposed by a government or governmental agency or established by a court of competent jurisdiction in a particular country, prevent the prompt remittance and conversion into Dollars of part of or all Earned Royalties and/or or Upfront Sublicense Royalties Fees with respect to Sales of any country in the Licensed Territory where Licensed Products in such countryare Sold, Acorda and/or CBT, its Affiliates or sublicensees shall have the right and option to make such payments by depositing the amount thereof in local currency to the Institutions’ EMORY's account in a bank or depository in such country.