Common use of Payment Procedure; Currency Conversion; Late Payments Clause in Contracts

Payment Procedure; Currency Conversion; Late Payments. Any payments to be made by the Company to the Purchasers hereunder or under any other Transaction Document shall be made in United States dollars by wire transfer of immediately available funds. All Revenue Interest Payments and other payments by the Company (other than payments in respect of Reimbursable Expenses and indemnification obligations pursuant to Section 8.04) shall be made to each Purchaser in accordance with its Pro Rata Portion. If any currency conversion shall be required in connection with the calculation of amounts payable hereunder, such conversion shall be made using the average of the buying and selling rates on the last five (5) Business Days of the calendar quarter to which such amounts pertain, as published by The Wall Street Journal, Internet Edition at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Revenue Interest Purchase Agreement (Mirum Pharmaceuticals, Inc.), Revenue Interest Purchase Agreement (Esperion Therapeutics, Inc.)

AutoNDA by SimpleDocs

Payment Procedure; Currency Conversion; Late Payments. Any payments to be made by the Company to the Purchasers hereunder or under any other Transaction Document shall be made in United States dollars by wire transfer of immediately available funds. All Revenue Interest Payments and other payments by the Company (other than payments in respect of Reimbursable Expenses and indemnification obligations pursuant to Section ‎Section 8.04) shall be made to each Purchaser in accordance with its Pro Rata Portion. If any currency conversion shall be required in connection with the calculation of amounts payable hereunder, such conversion shall be made using the average of the buying and selling rates on the last five (5) Business Days of the calendar quarter to which such amounts pertain, as published by The Wall Street Journal, Internet Edition at xxx.xxx.xxx.

Appears in 1 contract

Samples: Revenue Interest Purchase Agreement (Adaptive Biotechnologies Corp)

AutoNDA by SimpleDocs

Payment Procedure; Currency Conversion; Late Payments. Any payments to be made by the Company to the Purchasers Purchaser hereunder or under any other Transaction Document shall be made in United States dollars by wire transfer of immediately available funds. All Revenue Interest Payments and other payments by the Company (other than payments in respect of Reimbursable Expenses and indemnification obligations pursuant to Section 8.047.04) shall be made to each Purchaser in accordance with its Pro Rata Portionthe Purchaser. If any currency conversion shall be required in connection with the calculation of amounts payable hereunder, such conversion shall be made using the average of the buying and selling rates on the last five (5) Business Days of the calendar fiscal quarter to which such amounts pertain, as published by The Wall Street Journal, Internet Edition at xxx.xxx.xxx.

Appears in 1 contract

Samples: Revenue Interest Purchase Agreement (INSMED Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.