Common use of Foreign Currency Exchange Clause in Contracts

Foreign Currency Exchange. For any currency conversion from the currency of one country in which Licensed Products are sold into United States dollars (or another currency if applicable) required in determining the amount of Net Sales or any royalties due hereunder, such conversion shall be calculated at the conversion rate as reported in the Wall Street Journal (New York Edition) (or if that is no longer published, at the exchange rate reported by The Bank of Tokyo-Mitsubishi UFJ, Ltd.) on the last Business Day of the applicable quarterly period in which the Net Sales are determined.

Appears in 3 contracts

Sources: Exclusive License and Supply Agreement (Reata Pharmaceuticals Inc), Exclusive License and Supply Agreement (Reata Pharmaceuticals Inc), Exclusive License and Supply Agreement (Reata Pharmaceuticals Inc)

Foreign Currency Exchange. For any currency conversion from the currency of one country in which Licensed Licensor Products are sold into United States dollars (or another currency if applicable) required in determining the amount of Net Sales or any royalties Royalties due hereunder, such conversion shall be calculated at the conversion rate as reported in the The Wall Street Journal (New York Edition) (or if that is no longer published, at the exchange interbank rate reported quoted by The Bank of Tokyo-Mitsubishi UFJCitibank, Ltd.N.A.) on the last Business Day of the applicable quarterly period in which the Net Sales are determined.

Appears in 1 contract

Sources: License Termination and Program Transfer Agreement (Avenue Therapeutics, Inc.)

Foreign Currency Exchange. For any currency conversion from the currency of one country in which Licensed Products are sold into United States dollars (or another currency if applicable) required in determining the amount of Net Sales or any royalties Royalties due hereunder, such conversion shall be calculated at the conversion rate as reported in the The Wall Street Journal (New York Edition) (or if that is no longer published, at the exchange interbank rate reported quoted by The Bank of Tokyo-Mitsubishi UFJCitibank, Ltd.N.A.) on the last Business Day of the applicable quarterly period in which the Net Sales are determined.

Appears in 1 contract

Sources: License Agreement (Avenue Therapeutics, Inc.)