Common use of Payment Form Clause in Contracts

Payment Form. Unless otherwise stated, all payments between the Parties are to be made in US dollars in the United States. All conversions from foreign currency to US dollars will be determined on the last business day of each calendar quarter in the calendar quarter in which the payment, revenue, expenditure, or other transaction involving non-US currency occurred, based on the exchange rate of WALL STREET JOURNAL on the last day of that quarter. RDG agrees to take all reasonable and necessary steps to register this Agreement in any country of the Licensed Patents where such is required to permit the transfer of funds and/or payment of Royalties to CBMX hereunder or is otherwise required by the government or law of such country to effectuate or carry out this Agreement.