Common use of Currency Transfer Restrictions Clause in Contracts

Currency Transfer Restrictions. If payment or transfer of funds out of the Territory shall be prohibited by law or regulation, the parties hereto shall confer regarding the terms and conditions on which the Licensed Product shall be sold in the Territory, including the -------- * Confidential treatment requested. possibility of payment of royalties to Corixa in local currency to a bank account in the Territory or the renegotiation of royalties for such sales, and in the absence of any other agreement by the parties, such funds payable to Corixa shall be deposited in whatever currency is allowable by ZKC in an accredited bank in that country that is acceptable to Corixa.

Currency Transfer Restrictions. If payment or transfer of funds out of the Territory shall be prohibited by law or regulation, the parties hereto shall confer regarding the terms and conditions on which the Licensed Product shall be sold in the Territory, including the -------- * Confidential treatment requested. possibility of payment of royalties to Corixa in local currency to a bank account in the Territory or the renegotiation of royalties for such sales, and in the absence of any other agreement by the parties, such funds payable to Corixa shall be deposited in whatever currency is allowable by ZKC in an accredited bank in that country that is acceptable to Corixa.

Currency Transfer Restrictions. If any payment or transfer of funds out of the Territory shall be a country is prohibited by law or regulation, the parties Parties hereto shall confer regarding the terms and conditions on which the Licensed Product Products shall be sold in the Territorysuch countries, including the -------- * Confidential treatment requested. possibility of payment of royalties to Corixa in local currency to a bank account in the Territory such country or the renegotiation of royalties for such sales, and in the absence of any other agreement by the partiesParties, such funds payable to Corixa shall be deposited in whatever currency is allowable by ZKC Prometheus in an accredited bank in that country that is reasonably acceptable to Corixa.