Milestone Covenants Sample Clauses

Milestone Covenants. Borrower shall achieve each of the following milestone covenants:
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Milestone Covenants. On or prior to June 30, 2020, Borrower shall achieve (i) the [***] Milestone; (ii) the Term Sheet Milestone; or (iii) the Revenue Milestone. If one of the foregoing milestone covenants set forth in Section 6.8(b) above is achieved by June 30, 2020, Borrower and Bank agree to, no later than August 14, 2020, enter into an amendment to this Agreement to set a cumulative quarterly revenue covenant (determined in accordance with GAAP). If none of the foregoing milestone covenants set forth in Section 6.8(b) above is achieved by June 30, 2020 then (i) Borrower shall have consummated the New Proceeds Milestone no later than August 14, 2020, and (ii) Borrower and Bank agree to, no later than August 14, 2020, enter into an amendment to this Agreement to set a new performance financial covenant (the "Covenant Reset")."
Sample 1
Milestone Covenants. So long as there are Preferred Shares outstanding: (i) the Company will take the necessary legal and further actions to ensure that the condition in Section 2.3(b)(ix) above is satisfied; (ii) the Company will use its best efforts to meet the Milestones; and (iii) the salaries and fees of the Board of Directors will (x) be deferred, unless paid in kind, until all the funds have been released from the Escrow Account, (y) will only be paid if doing so would not put the Company in a negative operating cash flow position for any such pay period, and (z) be determined by the compensation committee of the Board of Directors to be fair and equitable.
Sample 1
Milestone Covenants. (a) Borrower shall have two (2) fully integrated Numera machines at field test sites outside of Borrower’s headquarters on or before November 30, 2008, confirmed to Bank by Borrower’s Board of Directors, one of such test sites to be the Mayo Clinic or another institution reasonably acceptable to Bank.
Sample 1
Milestone Covenants. (a) Borrower shall have filed a 510k application with the United States Food and Drug Administration for the Numera machine on or before November 30, 2009, such filing to be confirmed to Bank by Borrower’s President and Chief Executive Officer and Board Member from Three Arch Partners.
Sample 1
Milestone Covenants. (a) Bonower shall have filed a 510k application with the United States Food and Drug Administration for the Numera machine on or before April 30, 2010, such filing to be confirmed to Bank by Borrower’s President and Chief Executive Officer and Board Member from Three Arch Partners.
Sample 1
Milestone Covenants. Borrower shall provide evidence of the following, in form and substance satisfactory to Bank:
Sample 1
AutoNDA by SimpleDocs
Milestone Covenants. Borrowers shall meet the performance covenants and collect payments from Orthoclinical Diagnostics/Xxxxxxx & Xxxxxxx ("J&J") as set forth below, on or before the following dates: Performance Covenant Performance Date
Sample 1

Related to Milestone Covenants

  • Joint Covenants Buyer and Seller hereby covenant and agree that between the date hereof and Closing:

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:

  • Non-Compete Covenants If Employee terminates his employment without cause, or if Employee's employment is terminated by Bank for cause, then for one year from the date of such termination Employee will not, without the prior written consent of Bank:

  • Performance of Covenants Each covenant or obligation that the Company is required to comply with or to perform at or prior to the Closing shall have been complied with and performed in all material respects.

  • Interim Operating Covenants Seller covenants to Purchaser that Seller will:

  • REPORTING COVENANTS The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

  • Ship Covenants The undertakings in this Clause 21 remain in force throughout the Security Period.

  • Separate Covenants The covenants of Part IX of this Agreement shall be construed as separate covenants covering their particular subject matter. In the event that any covenant shall be found to be judicially unenforceable, said covenant shall not affect the enforceability or validity of any other part of this Agreement. Employee Initials ____

  • Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or

Time is Money Join Law Insider Premium to draft better contracts faster.