Common use of Foreign Currency Conversion Clause in Contracts

Foreign Currency Conversion. For sales of any. Licensed Product that occur in a currency other than U.S. Dollars, the quarterly royalty payment will be calculated as follows: (A/B) × C = U.S. Dollars royalty payment on foreign currency sales, where A = foreign currency "Net Sales" per quarter; B = foreign exchange conversion rate, expressed in local currency per U.S. Dollar (using as the applicable foreign exchange conversion rate the average of the rate published in the western edition of the Wall Street Journal, or any other mutually agreed-upon source, for the last business day of the calendar quarter); and C = the royalty rate applicable to such Net Sales under this Agreement.

Foreign Currency Conversion. For sales of any. any Licensed Product that occur in a currency other than U.S. DollarsUnited States dollars (“Foreign Currency Sales”), the quarterly royalty payment will be calculated as follows: (A/B) × X C = U.S. Dollars United States dollars royalty payment on foreign currency salesForeign Currency Sales, where A = foreign currency "Net Sales" Sales per quarter; quarter B = foreign exchange conversion rate, expressed in local currency per U.S. Dollar Untied States dollar (using as the applicable foreign exchange conversion rate the average of the rate published in the western edition of the Wall Street Journal, Journal or any other mutually agreed-upon source, source for the last business day of each of the calendar [**] of the quarter); and C = the royalty rate applicable to such Net Sales under this AgreementSection 3.3.