Due Diligence Milestones. Licensee shall proceed diligently with the development of Licensed Products. Licensee shall be deemed to satisfy the foregoing obligation if Licensee achieves the following milestones within the time frame indicated:
Due Diligence Milestones. Luitpold shall proceed diligently to bring Licensed Products into commercial use in the Field of Use for humans as quickly as is reasonably possible after the Approval Date. Luitpold shall be deemed to satisfy the foregoing obligation if Luitpold has made at least one sale of the Licensed Products to a Distributor or another third party solely for use in the Field of Use ("First Sale") within ** days after the Approval Date.
Due Diligence Milestones. Licensee and UMBC shall negotiate in good faith the achievement of any performance milestones. There are no milestone payments required.
Due Diligence Milestones. Licensee shall use commercially reasonable efforts to develop, manufacture, sublicense, market and sell Licensed Products in the Fields of Use in accordance with the milestones defined here. Years from Effective Date Milestone 1 CEO hired 4 $500,000 in cumulative funding and/or Licensee revenue 8 $500,000 in cumulative sales of Licensed Products APPENDIX B
Due Diligence Milestones a. At its sole discretion, Xxxxx may invoke the following Due Diligence Milestones Reductions on Oncorus within [***] ([***]) days of the relevant milestone date:
Due Diligence Milestones. 2.1 The project managers as identified in Appendix A, or their designees as agreed to by the Parties (“Project Managers”), will (i) review the status and results of the Due Diligence Milestones, (ii) decide upon any proposed amendments to the Due Diligence Milestones, (iii) make a good faith and reasonable determination of relevant technical information required to complete the Due Diligence Milestones, (iv) coordinate the disclosure of Confidential Information, (v) decide upon any proposed amendments to the appendices, (vi) determine whether a milestone has been completed; and (vii) discuss and record any Improvements and potential patent filings, and review in accordance with Section 6 of this Agreement. All decisions by the project managers require unanimous consent and shall be decided without unreasonable delay.
Due Diligence Milestones. Company shall timely achieve the due diligence milestones set forth on Schedule B.
Due Diligence Milestones. Company shall report in writing to UMB no later than [**] days following the occurrence or satisfaction of each of the due diligence milestones set forth on Schedule B. Company shall make milestone payments due upon achievement of the items set forth in Section 5.3.
Due Diligence Milestones. Milestone Achievement Date
Due Diligence Milestones. The Licensee shall use, or shall cause its Sublicensee(s) to use, commercially reasonable efforts to develop, manufacture, sublicense, market and sell one or more Licensed Products in the Fields of Use and the Territory in accordance with the milestones defined here. [***]
