U.S. Currency. All payments to Mayo under this Agreement will be made by draft drawn on a U.S. bank, and payable in U.S. dollars. In the event that conversion from foreign currency is required in calculating a payment under this Agreement, the exchange rate used shall be the Interbank rate quoted by Citibank at the end of the last business day of the quarter in which the payment accrued.
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Samples: License Agreement (Vertical Health Solutions Inc), License Agreement (Vertical Health Solutions Inc), License Agreement (Vertical Health Solutions Inc)
U.S. Currency. All payments to Mayo under this Agreement will be made by draft drawn on a U.S. bank, and payable in U.S. dollars. In the event that conversion from foreign currency is required in calculating a payment under this Agreement, the exchange rate used shall be the Interbank rate quoted by Citibank at the end of the last business day of the calendar quarter in which the payment accrued.
Appears in 2 contracts
Samples: Patent and Know How License Agreement (Decipher Biosciences, Inc.), Patent and Know How License Agreement (Decipher Biosciences, Inc.)
U.S. Currency. All payments to Mayo under this Agreement will be made by draft drawn on a U.S. bank, and payable in U.S. dollars. In the event that conversion from foreign currency is required in calculating a payment under this Agreement, the exchange rate used shall be the Interbank rate quoted by Citibank at the end of the last business day of the quarter month in which the payment accrued. Unless otherwise specified herein, all references to currency, monetary values and dollars set forth herein shall mean United States (U.S.) dollars.
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