Common use of Restrictions on Payments Clause in Contracts

Restrictions on Payments. The obligation to pay royalties under this Agreement shall be waived and excused to the extent that statutes, laws, codes or government regulations in a parti cular country prevent such royalty payments; provided, however, in such event, if legally permissible, Warner shall pay the royalties owed to GenVec by depositing such amounts in a bank account in such country that has been designated by GenVec and promptly report such payment to GenVec.

Restrictions on Payments. The obligation to pay royalties under this ------------------------ Agreement shall be waived and excused to the extent that statutes, laws, codes or government regulations in a parti cular country prevent such royalty payments; provided, however, in such event, if legally permissible, Warner shall pay the royalties owed to GenVec by depositing such amounts in a bank account in such country that has been designated by GenVec and promptly report such payment to GenVec.