Common use of Exchange controls, etc Clause in Contracts

Exchange controls, etc. If at any time during the continuation of this Agreement Oncoscience is prohibited from making any of the payments required hereunder by a governmental authority in any country then Oncoscience will within the prescribed period for making the said payments in the appropriate manner use its best endeavours to secure from the proper authority in the relevant country permission to make the said payments and will make them within 7 days of receiving such permission. If such permission is not received within 30 (thirty) days of Oncoscience making a request for such permission then, at the option of CIMYM, Oncoscience shall deposit the royalty payments due in the currency of the relevant country either in a bank account designated by CIMYM within such country or such royalty payments shall be made to an associated company of CIMYM designated by CIMYM and having offices in the relevant country designated by CIMYM.

Exchange controls, etc. If at any time during the continuation of this Agreement Oncoscience Kuhnil is prohibited from making any of the payments required hereunder by a governmental authority in any country then Oncoscience Kuhnil will within the prescribed period for making the said payments in the appropriate manner use its best endeavours to secure from the proper authority in the relevant country permission to make the said payments and will make them within 7 days of receiving such permission. If such permission is not received within 30 (thirty) days of Oncoscience Kuhnil making a request for such permission then, at the option of CIMYM, Oncoscience Kuhnil shall deposit the royalty payments due in the currency of the relevant country either in a bank account designated by CIMYM within such country or such royalty payments shall be made to an associated company of CIMYM designated by CIMYM and having offices in the relevant country designated by CIMYM.