Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties accrued in that country shall be paid to Exelixis in the country in local currency by deposit in a local bank designated by Exelixis, unless the Parties otherwise agree.
Appears in 13 contracts
Sources: Collaboration Agreement (Exelixis, Inc.), Cancer Collaboration Agreement (Exelixis Inc), Collaboration Agreement (Exelixis Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties accrued arising from sales made in that country shall be paid to Exelixis in the country in local currency by deposit in a local bank designated by ExelixisArchemix, unless the Parties otherwise agree.
Appears in 4 contracts
Sources: Collaboration and License Agreement (ARCA Biopharma, Inc.), Collaboration and License Agreement (Nuvelo Inc), Collaboration and License Agreement (Archemix Corp.)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties accrued in that country shall be paid to Exelixis in Dollars based on the Dollar reported sales for the quarter (translated for such country in local currency by deposit in a local bank designated by Exelixisper Statement of Financial Standards No. 52), unless the Parties otherwise agreemutually agreed.
Appears in 4 contracts
Sources: License Agreement (Exelixis Inc), Collaboration Agreement (Exelixis Inc), Collaboration Agreement (Exelixis Inc)