Common use of Payment in Dollars Clause in Contracts

Payment in Dollars. Such technology access fees shall be paid in United States currency. All technology access fees accrued in currencies other than U.S. dollars shall be converted into U.S. dollars on the basis of the rate of exchange applied by Citibank, N.A., New York, as of the last banking day of each quarter for which such technology access fees become due.

Appears in 4 contracts

Sources: Technology License Agreement (Dura Pharmaceuticals Inc/Ca), Technology License Agreement (Spiros Development Corp Ii Inc), Technology License Agreement (Dura Pharmaceuticals Inc/Ca)