Common use of Payment Exchange Rate Clause in Contracts

Payment Exchange Rate. All payments to ACSB under this Agreement shall be made in Euros unless otherwise agreed by the Parties. In the case of sales outside the United States, the rate of exchange to be used in computing Net Sales and Sublicensing Income shall be calculated monthly in accordance with GAAP and based on the conversion rates published in the Wall Street Journal, Eastern edition (if available).

Appears in 3 contracts

Samples: Product License and Collaboration Agreement (BG Medicine, Inc.), Product License and Collaboration Agreement (BG Medicine, Inc.), Product License and Collaboration Agreement (BG Medicine, Inc.)

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Payment Exchange Rate. All payments to ACSB under this Agreement AGREEMENT shall be made in Euros unless otherwise agreed in writing by the Parties. , In the case of sales outside the United States, the rate of exchange to be used in computing Net Sales and Sublicensing Income shall be calculated monthly in accordance with GAAP GARP and based on the conversion rates published in the Wall Street Journal, Eastern edition (if available).

Appears in 2 contracts

Samples: Sublicense Agreement (BG Medicine, Inc.), Sublicense Agreement (BG Medicine, Inc.)

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