Legal Restrictions. If at any time legal restrictions prevent the remittance by Merck of all or any part of royalties due on Net Sales in any country, Merck shall notify Sutro promptly in writing and Merck shall have the right and option to make such payment by depositing the amount thereof in local currency to an account in the name of Sutro in a bank or other depository selected by Sutro in such country.
Appears in 2 contracts
Samples: License Agreement (Sutro Biopharma Inc), License Agreement
Legal Restrictions. If at any time legal restrictions prevent the remittance by Merck of all or any part of royalties due on Net Sales in any country, Merck shall notify Sutro promptly in writing and Merck shall have the right and option to make such payment by depositing the amount thereof in local currency to an account in the name of Sutro Lpath in a bank or other depository selected by Sutro Lpath in such country.
Appears in 1 contract
Samples: License Agreement (Lpath, Inc)
Legal Restrictions. If at any time legal restrictions prevent the remittance by Merck of all or any part of royalties due on Net Sales in any country, Merck shall notify Sutro promptly in writing and Merck shall have the right and option to make such payment by depositing the amount thereof in local currency to an account in the name of Sutro Licensor in a bank or other depository selected by Sutro Licensor in such country.
Appears in 1 contract
Legal Restrictions. If at any time legal restrictions prevent the remittance by Merck of all or any part of royalties due on Net Sales Payments in any country, Merck shall notify Sutro promptly in writing and Merck shall have the right and option to make such payment by depositing the amount thereof in local currency to an account in the name of Sutro Company in a bank or other depository selected by Sutro Company in such country.
Appears in 1 contract
Legal Restrictions. If at any time legal restrictions applicable Laws prevent the remittance by Merck of all or any part of royalties due on Net Sales in any country, Merck shall notify Sutro promptly in writing and Merck shall have the right and option to make such payment by depositing the amount thereof in local currency to an account in the name of Sutro in a bank or other depository selected by Sutro in such country[***].
Appears in 1 contract
Legal Restrictions. If at any time legal restrictions prevent the remittance by Merck of all or any part of royalties due on Net Sales in any country, Merck shall notify Sutro promptly in writing and Merck shall have the right and option to make such payment either by depositing the amount thereof in local currency to an account in the name of Sutro Licensor in a bank or other depository selected by Sutro Licensor in such country.
Appears in 1 contract
Samples: Option and License Agreement (Opexa Therapeutics, Inc.)
