Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country where the Product is sold, Bio-Management shall have the right, at its option, to make such payments by depositing the amount thereof in local currency to Ixsys' account in a bank or other depository in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.
Appears in 4 contracts
Samples: Collaboration Agreement (Cancervax Corp), Collaboration Agreement (Applied Molecular Evolution Inc), Collaboration Agreement (Applied Molecular Evolution Inc)
Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country where the a Biosite Product is soldsold by Biosite or its Affiliate, Bio-Management Biosite shall have the right, at its option, to make such payments by depositing the amount thereof in local currency to Ixsys' Power3’s account in a bank or other depository in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.
Appears in 1 contract
Samples: Collaboration Agreement (Power 3 Medical Products Inc)
