Common use of Restrictions on Payment Clause in Contracts

Restrictions on Payment. The obligation of Codexis to pay amounts to MUS under this Agreement with respect to sales of Energy Products in a particular country shall be waived and excused to the extent that statutes, laws, codes or government regulations in a particular country prevent such payments; provided, however, in such event, if legally permissible, Codexis shall pay the amounts owed to MUS by depositing such amounts in a bank account in such country that has been designated by MUS and promptly report such payment to MUS in writing.

Appears in 5 contracts

Samples: License Agreement (Codexis Inc), License Agreement (Maxygen Inc), License Agreement (Maxygen Inc)

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