Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties accrued in that country shall be paid to Exelixis in the country in local currency by deposit in a local bank designated by Exelixis, unless the Parties otherwise agree.
Appears in 13 contracts
Samples: Collaboration Agreement (Exelixis, Inc.), License Agreement (Exelixis Inc), Collaboration Agreement (Exelixis Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties accrued arising from sales made in that country shall be paid to Exelixis in the country in local currency by deposit in a local bank designated by ExelixisArchemix, unless the Parties otherwise agree.
Appears in 4 contracts
Samples: Collaboration and License Agreement (ARCA Biopharma, Inc.), Stock Purchase Agreement (Nuvelo Inc), Stock Purchase Agreement (Nitromed Inc)
Blocked Currency. In each country where the local currency is blocked and cannot be removed from the country, royalties accrued in that country shall be paid to Exelixis in Dollars based on the Dollar reported sales for the quarter (translated for such country in local currency by deposit in a local bank designated by Exelixisper Statement of Financial Standards No. 52), unless the Parties otherwise agreemutually agreed.
Appears in 4 contracts
Samples: License Agreement (Exelixis Inc), Collaboration Agreement (Exelixis Inc), Collaboration Agreement (Exelixis Inc)
