Common use of Blocked Countries Clause in Contracts

Blocked Countries. If by reason of law Roche is unable to convert to U.S. Dollars a portion of the amount due by Roche under this Agreement, then Roche shall notify Stressgen in writing and Stressgen shall have the right to receive such portion and, upon written request from Stressgen, Roche shall pay to Stressgen such portion, in the currency of any other country designated by Stressgen and legally available to Roche.

Appears in 1 contract

Sources: Hspe7 Collaboration Agreement (Stressgen Biotechnologies Corp)

Blocked Countries. If by reason of law Roche is unable to convert to U.S. Dollars dollars a portion of the amount due by Roche under this Agreement, then Roche shall notify Stressgen in writing and Stressgen shall have the right to receive such portion and, upon written request from Stressgen, Roche shall pay to Stressgen such portion, in the currency of any other country designated by Stressgen and legally available to Roche.

Appears in 1 contract

Sources: Collaboration Agreement (Stressgen Biotechnologies Corp)