Foreign Payments. Royalties based on Net Sales outside of the U.S. shall be payable in the United States in dollars. Dollar amounts shall be calculated in the foreign currency for the country in which sales are recorded and will be translated into dollars as published by the Wall Street Journal on the last business day of the quarter for which such payments are due. Payments in dollars shall be paid by wire transfer to GenuPro. [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.
Appears in 6 contracts
Samples: License Agreement (Furiex Pharmaceuticals, Inc.), License Agreement (Furiex Pharmaceuticals, Inc.), License Agreement (Furiex Pharmaceuticals, Inc.)
Foreign Payments. Royalties based on Net Sales outside of the U.S. shall be payable in the United States in dollars. Dollar amounts shall be calculated in the foreign currency for the country in which sales Net Sales are recorded and will be translated into dollars as published by the Wall Street Journal on the last business day of the quarter for which such payments are due. Payments in dollars shall be paid by wire transfer to GenuPro. [*] Confidential treatment requested; certain information omitted and filed separately with the SECLicensor.
Appears in 2 contracts
Samples: Option and License Agreement (Chemokine Therapeutics Corp), Option and License Agreement (Chemokine Therapeutics Corp)
