Common use of Currency Provisions Clause in Contracts

Currency Provisions. The obligations of the Company pursuant to this Agreement in respect of any sum due to the Underwriters shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged until the first business day, following receipt by the Underwriters of any sum adjudged to be so due in such other currency, on which the Underwriters may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to the Underwriters in United States dollars hereunder, the Company agrees as a separate obligation and notwithstanding any such judgment, to indemnify the Underwriters against such loss. If the United States dollars so purchased are greater than the sum originally due to the Underwriters hereunder, the Underwriters agree to pay to the Company an amount equal to the excess of the dollars so purchased over the sum originally due to the Underwriters hereunder. All payments made by the Company under this Agreement, if any, will be made without withholding or deduction for or on account of any present or future taxes, duties, assessments or governmental charges of whatever nature (other than taxes on net income) imposed or levied by or on behalf of the Province of British Columbia or any political subdivision or any taxing authority thereof or therein unless the Company is or becomes required by law to withhold or deduct such taxes, duties, assessments or other governmental charges. In such event, the Company will pay such additional amounts as will result, after such withholding or deduction, in the receipt by the Underwriters and each person controlling the Underwriters, as the case may be, of the amounts that would otherwise have been receivable in respect thereof.

Appears in 2 contracts

Samples: Underwriting Agreement (ESSA Pharma Inc.), Underwriting Agreement (ESSA Pharma Inc.)

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Currency Provisions. The obligations of the Company pursuant to this Agreement in respect of any sum due to the Underwriters any Underwriter or Underwriter Indemnitee shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged until the first business day, following receipt by the Underwriters any Underwriter or Underwriter Indemnitee of any sum adjudged to be so due in such other currency, on which the Underwriters such Underwriter or Underwriter Indemnitee may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to the Underwriters such Underwriter or Underwriter Indemnitee in United States dollars hereunder, the Company agrees as a separate obligation and notwithstanding any such judgment, to indemnify the Underwriters such Underwriter or Underwriter Indemnitee against such loss. If the United States dollars so purchased are greater than the sum originally due to the Underwriters such Underwriter or Underwriter Indemnitee hereunder, the Underwriters agree such Underwriter agrees to pay pay, or to cause such Underwriter Indemnitee to pay, to the Company Company, an amount equal to the excess of the dollars so purchased over the sum originally due to the Underwriters such Underwriter or Underwriter Indemnitee hereunder. All payments made or deemed to be made by the Company under this Agreement, if any, will be made without withholding or deduction for or on account of any present or future taxes, duties, assessments or governmental charges of whatever nature (other than taxes on net income) imposed or levied by or on behalf of the Province State of British Columbia Israel or any political subdivision or any taxing authority thereof or therein unless the Company is or becomes required by law to withhold or deduct such taxes, duties, assessments or other governmental charges. In such event, the Company will pay such additional amounts as will result, after such withholding or deduction, in the receipt by the Underwriters each Underwriter and each person controlling the UnderwritersUnderwriter Indemnitee, as the case may be, of the amounts that would otherwise have been receivable in respect thereof.

Appears in 1 contract

Samples: Underwriting Agreement (Compugen LTD)

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Currency Provisions. The obligations of the Company pursuant to this Agreement in respect of any sum due to the Underwriters Investor shall, notwithstanding any judgment in a currency other than United States dollars, not be discharged until the first business dayTrading Day, following receipt by the Underwriters Investor of any sum adjudged to be so due in such other currency, on which the Underwriters Investor may in accordance with normal banking procedures purchase United States dollars with such other currency. If the United States dollars so purchased are less than the sum originally due to the Underwriters Investor in United States dollars hereunder, the Company agrees as a separate obligation and notwithstanding any such judgment, to indemnify the Underwriters Investor against such loss. If the United States dollars so purchased are greater than the sum originally due to the Underwriters Investor hereunder, the Underwriters agree Investor agrees to pay to the Company an amount equal to the Certain confidential information contained in this document, marked by [***], has been omitted because Roivant Sciences Ltd. (the “Company”) has determined that the information (i) is not material and (ii) contains personal information. excess of the dollars so purchased over the sum originally due to the Underwriters Investor hereunder. All payments made by the Company under this Agreement, if any, will Agreement shall be made without free and clear of any withholding or deduction for or on account of any present or future taxes, duties, assessments or governmental charges of whatever nature (other than taxes on net incomeincluding any amounts that result from the payment of fees, compensation or reimbursement of costs contemplated by this Agreement) imposed or levied by or on behalf of the Province of British Columbia Bermuda or by any department, agency or other political subdivision or any taxing authority thereof or therein therein, and all interest, penalties or similar liabilities with respect thereto (collectively, “Bermuda Taxes”), unless the Company such deduction or withholding is or becomes required by law. If any Bermuda Taxes are required by law to withhold be deducted or deduct withheld by the Company in connection with such taxes, duties, assessments or other governmental charges. In such eventpayment, the Company will increase the amount to be paid to the Investor so that the full amount of such payment is received by the Investor, provided that the Company will not be required to pay any such additional amounts to the extent that the obligation to withhold or deduct any amounts arises as will result, after a result of any present or former connection between the Investor and the relevant jurisdiction other than any such withholding or deduction, in the receipt by the Underwriters and each person controlling the Underwriters, connection arising solely as the case may be, a result of the amounts transaction described in this Agreement. Certain confidential information contained in this document, marked by [***], has been omitted because Roivant Sciences Ltd. (the “Company”) has determined that would otherwise have been receivable in respect thereofthe information (i) is not material and (ii) contains personal information.

Appears in 1 contract

Samples: Common Shares Purchase Agreement (Roivant Sciences Ltd.)

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