TIMES AND CURRENCIES OF PAYMENT Sample Clauses

TIMES AND CURRENCIES OF PAYMENT. 5.1 Royalty payments shall be made in United States dollars or if sales are made in the currency of other countries, royalties shall be calculated in the currency of such other country and be converted into United States dollars using the applicable exchange rate for sale of U.S. dollars listed by the foreign exchange desk of the Bank of America on the last day of the applicable reporting period.
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TIMES AND CURRENCIES OF PAYMENT. 6 6. SUBLICENSEES ...............................................................................6
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TIMES AND CURRENCIES OF PAYMENT. 5.1 Royalties shown to have accrued by each of the quarterly reports provided for under Article IV above or one-quarter (1/4) of the Minimum Annual Royalty required in Section 3.2.5 hereof together with any unpaid sums due under Section 3.1.1 hereof shall be due and payable on the date such report is due. Royalty payments shall be made in United States Dollars, and, where appropriate, shall be calculated in the currency of the sale and then converted into United States Dollars using the applicable exchange rate set forth in the Wall Street Journal for the last business day of the applicable reporting quarter. In the event that the laws and regulations controlling in any foreign country prevent a payment to be made as provided herein or prevent a payment in United States dollars, HRI agrees to accept such payment in the form and place as permitted, including deposits by LICENSEE in the applicable foreign currency in a local bank or banks designated by HRI in such amount as HRI may direct. Any withholding taxes levied by governments which LICENSEE is required to withhold on remittance of such payments shall be deducted from such payment paid to HRI. LICENSEE shall furnish HRI the original copies of all official receipts for such taxes.
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TIMES AND CURRENCIES OF PAYMENT. Payments shown to have accrued by each of the quarterly reports provided for under Article VI above shall be due and payable on the date such report is due shall be paid in United States Dollars, or at CONVATEC’s election, in the currency of the country in which the Product was sold. CONVATEC or its Subsidiaries as agents for LICENSOR will deduct or withhold from such payments and pay to the proper taxing authority all taxes or fees required by law or regulation to be deducted or withheld with respect to such payments and proof of payment secured and sent to LICENSOR as evidence of such payment. The rate of exchange to be used computing the amount of local currency equivalent to the United States Dollars due to LICENSOR as royalty shall be the commercial exchange rate in effect in New York, New York on the last business day of the calendar quarter for which payment is being made. If at any time conditions or legal restrictions exist in any country where Product is sold by CONVATEC or its Subsidiaries or sublicensees, which legal restrictions prevent the prompt remittance of the royalties due to LICENSOR, CONVATEC shall have the right and option to make such payments by depositing the amount thereof, subject to an appropriate adjustment due to the inability to obtain appropriate tax deduction, in local currency to LICENSOR's account in a bank or other depository selected by LICENSOR. CONVATEC shall be excused from remitting such royalties in accordance with the provisions of this Article during the pendency of such legal restrictions.
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TIMES AND CURRENCIES OF PAYMENT. Payments for other than reimbursement of Research and Development costs shown to have accrued by each of the quarterly reports provided for under Article VII above shall be due and payable on the date such report is due and shall be paid in United States Dollars. Licensee will deduct or withhold from such payments and pay to the proper taxing authority all taxes or fees required by law or regulation to be deducted or withheld with respect to such payments and proof of payment secured and sent to Licensor as evidence of such payment, except as provided for with respect to research and development reimbursement as provided for in Article IV. The rate of exchange to be used in computing the amount of other currency and its equivalent to the United Stated Dollars due to Licensor shall be the exchange rate quoted in the Wall Street Journal as of the day payment is being made.
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TIMES AND CURRENCIES OF PAYMENT. Payments shown to have accrued by each of the quarterly reports provided for under Article VII above shall be due and payable on the date such report is due and shall be paid in United States Dollars. Licensee will deduct or withhold from such payments and pay to the proper taxing authority all taxes or fees required by law or regulation to be deducted or withheld with respect to such payments and proof of payment secured and sent to Licensor as evidence of such
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TIMES AND CURRENCIES OF PAYMENT. 6.1 All payments required to be made hereunder shall be made in U.S. dollars. Payments shown by each report submitted pursuant to Section 5.1 to be due and payable by IOMED to ALZA shall accompany each such report. Any and all taxes due or payable by or on behalf of ALZA on such payments or with respect to the remittance thereof and required to be paid by IOMED shall be deducted from such payments and shall be paid by IOMED to the proper taxing authorities, and proof of payment shall be secured and sent to ALZA as evidence of such payment.
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TIMES AND CURRENCIES OF PAYMENT. 9.1 Royalties due hereunder shall be payable in United States Dollars. Where the Net Sales has been collected in a foreign currency, it shall be converted into the United States Dollar equivalent, at the rate of exchange for buying funds (as reported in The Wall Street Journal) for the last business day of the royalty period (or, in the event The Wall Street Journal does not report such conversion rate, then another reliable and generally accepted source agreeable to the Parties shall be used).
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Related to TIMES AND CURRENCIES OF PAYMENT

  • Currency and Funds of Payment All Guarantors’ Obligations for payment will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Guaranteed Liabilities, or the rights of any Secured Party with respect thereto as against the Borrower or any other Loan Party, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower or any other Loan Party of any or all of the Guaranteed Liabilities.

  • Selection of currency A Borrower (or the Company on behalf of a Borrower) shall select the currency of a Loan in a Utilisation Request.

  • Payment Currency All payments due under this Agreement will be paid in U.S. Dollars. Conversion of foreign currency to U.S. Dollars will be made at the conversion rate existing in the United States (as reported in the Wall Street Journal) on the last working day of the applicable Calendar Quarter. Such payments will be without deduction of exchange, collection or other charges.

  • Specified Currency 15. Whether the Note is an OID Note, and if it is an OID Note, the applicability of Modified Payment upon Acceleration (and if so, the Issue Price).

  • Blocked Currency In each country where the local currency is blocked and cannot be removed from the country, royalties or profit share payments accrued in that country shall be paid to the receiving Party in the country in local currency by deposit in a local bank designated by the receiving Party, unless the Parties otherwise agree.

  • Facility of Payment If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

  • Substitution of Currency If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

  • Judgment Currency If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable Law).

  • Currency of Payments All payments of principal of and interest on, and any amounts payable under Section 2.06 in respect of, an Advance that is denominated in a particular Currency shall be made in such Currency, and all other amounts payable under this Agreement (except as specified in Section 9.06) shall be paid in Dollars.

  • Optional Currencies 25 8. Repayment....................................................... 29 9.

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