Development Milestone. The development milestone has been made in a way to ensure completion of the said Project within 3 (Three) years from the date of issue of Notice of Allotment (NoA).
Development Milestone. ZAI shall pay to TESARO the following one-time milestone payments within [***] following the first achievement of the corresponding milestone events set forth below by ZAI, its Affiliates or sublicensees for any Licensed Compound or Licensed Product. For purposes of clarity, the milestone payment set forth below shall be payable only upon the first achievement of such milestone, and shall not be payable more than once, regardless of whether more than one Licensed Compound or Licensed Product achieves such milestone. [***] $[***] Notwithstanding the foregoing, if ZAI’s Development activities cause TESARO to owe Merck a milestone payment under the “Development Milestone” section of Section 7.02 of the Merck Agreement and TESARO has not received from ZAI a corresponding milestone payment under this Section 8.2(a), then ZAI shall pay to TESARO, in accordance with the terms of this Agreement the amount of the milestone payment owed by TESARO to Merck.
Development Milestone. The development milestone has been made in a way to ensure establish and commence operations of the Project within 5 (Five) years from the date of issue of Notice of Award (NoA) as per the Schedule IV of this agreement.
A. Development of Mandatory, other Project Facilities & Obligations for Completion of Mandatory Project Facilities -
Development Milestone. For M834, Mylan shall pay to Momenta [***] within [***] after the first achievement by or on behalf of Momenta of [***] (the “Development Milestone”). Such Development Milestone payment shall be payable [***]. For clarity, if such Development Milestone event is not achieved, Mylan shall not owe the corresponding milestone payment.
Development Milestone. Upon Successful Completion of the first Phase III Clinical Trial for Product (the “Development Milestone Event”), Ovid shall pay to Lundbeck Ten Million Dollars (USD 10,000,000) (the “Development Milestone Amount”).
Development Milestone. Subject to the remainder of this Section 9.3, Astellas shall pay to Cytokinetics non-refundable, non-creditable payments set forth in the table below, on an Indication-by-Indication basis, upon [*] achievement of each milestone event in such Indication(s) (whether by or on behalf of Astellas or its Affiliates or sublicensees) in accordance with Section 9.3(b):
Development Milestone. (A) Salix shall pay to Alfa a one-time, non-refundable and non-creditable payment of twenty-five million Dollars ($25,000,000) (the “Development Milestone Payment”) within [*] Business Days of receipt by Salix from Alfa of an invoice for the payment of the Development Milestone Payment following the issuance of the Initial U.S. Marketing Approval for the Crohn’s EIR Product, provided that the Crohn’s EIR Product has an Acceptable Product Profile. The Development Milestone Payment is payable one time only, regardless of the number of Crohn’s EIR Products for which the condition is satisfied. For the avoidance of doubt, the maximum aggregate value of all Development Milestone Payments is twenty-five million Dollars ($25,000,000).
(B) In the event that the specified condition for the Development Milestone Payment as specified above is achieved but in circumstances where the Crohn’s EIR Product does not have an Acceptable Product Profile in connection with its Initial U.S. Marketing Approval, then the amount of the Development Milestone Payment shall be reduced to [*] (the “Development Milestone Reduction”) and the Commercialization Milestone Payment of [*] payable upon [*] provided for in Section 4.1.2(b)(iii) shall be applicable. * Confidential treatment requested; certain information omitted and filed separately with the SEC.
Development Milestone. The development milestone has been made in a way to ensure completion of development of Marriage Lawn within Three years of date of issue of NoA.
i. The Developer shall secure all the required approvals permissions, NOC from the competent authority within six months from the date of issue of NoA
ii. The Developer shall complete minimum 50% of the construction of built-up area and development of Marriage Lawn in all respect within One and a half year from the date of issue of NoA
iii. The Developer shall complete construction work and development of Marriage lawn in all respect within Three years from the date of issue of NoA
Development Milestone. (AS PER CLAUSE 5 OF RFP)
Development Milestone. Initiation of first Clinical Study of the Licensed Asset or a Product in the Licensed Territory XENCOR may exercise its option in accordance with Section 9.2.1(a). [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]
(a) At XENCOR’s option, to be elected by 30-days advance written notice to Licensee (the “Consideration Election Notice”), payment of either: [***].
