Common use of Exchange Control Clause in Contracts

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 4 contracts

Samples: License Agreement (Iaso Pharma Inc), License Agreement (Iaso Pharma Inc), License Agreement (Iaso Pharma Inc)

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Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Oxis shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s 's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 4 contracts

Samples: License Agreement (Oxis International Inc), License Agreement (Oxis International Inc), License Agreement (Oxis International Inc)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Licensed Product is sold, Company Erasca shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to LicensorNiKang’s account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 2 contracts

Samples: License Agreement (Erasca, Inc.), License Agreement (Erasca, Inc.)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s ID4's account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 2 contracts

Samples: License Agreement (Oxis International Inc), License Agreement (Oxis International Inc)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties Royalties with respect to any country in the Territory where the Product is sold, Company Ignyta shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to LicensorNerviano’s account in a bank or other depository institution in such country. If the royalty Royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty Royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 2 contracts

Samples: License Agreement (Ignyta, Inc.), License Agreement (Ignyta, Inc.)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Licensee shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s account Dr. Xxxxxxxxxx'x xxxount in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 2 contracts

Samples: License Agreement (Nanogen Inc), License Agreement (Nanogen Inc)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Ixsys shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s Xxxxxxxx’x account in a bank or other depository institution in such country. If the royalty rate specified in this the Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 2 contracts

Samples: License Agreement (OncoMed Pharmaceuticals Inc), License Agreement (OncoMed Pharmaceuticals Inc)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Ignyta shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to LicensorNerviano’s account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 1 contract

Samples: License Agreement (Infinity Oil & Gas Co)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Ixsys shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s account Kaufxxxx'x xxxount in a bank or other depository institution in such country. If the royalty rate specified in this the Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 1 contract

Samples: License Agreement (Applied Molecular Evolution Inc)

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Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to LicensorID4’s account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 1 contract

Samples: License Agreement (GT Biopharma, Inc.)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Tandem shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to LicensorTypeZero’s account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.. Exhibit 10.1

Appears in 1 contract

Samples: License Agreement (Tandem Diabetes Care Inc)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties of the Royalty with respect to any country in the Territory where the which a Product is sold, Company Mxxxxxxx shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to LicensorTGV’s account in a bank or other depository institution in such country. If the royalty payment rate specified in this Agreement should exceed the permissible rate established in any country, the royalty payment rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 1 contract

Samples: License Agreement (Harrow Health, Inc.)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Product is sold, Company Oxis shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 1 contract

Samples: License Agreement (GT Biopharma, Inc.)

Exchange Control. If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where the Licensed Product is sold, Company shall have the right, in its sole discretion, to make such payments by depositing the amount thereof in local currency to Licensor’s account in a bank or other depository institution in such country. If the royalty rate specified in this Agreement should exceed the permissible rate established in any country, the royalty rate for sales in such country shall be adjusted to the highest legally permissible or government-approved rate.

Appears in 1 contract

Samples: Exclusive License and Collaboration Agreement (Audentes Therapeutics, Inc.)

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