Milestone Events and Milestone Payments. Subject to the terms and conditions of this Agreement, Buyer shall make each applicable payment (each a “Milestone Payment”) set forth in Section 1.11(a)(i), Section 1.11(a)(ii) or Section 1.11(a)(iii) to the Seller promptly (and in any event no later than [**]) after the achievement by any member of the Buyer Rights Group of the relevant event listed under Sections 1.11(a)(i), Section 1.11(a)(ii) or Section 1.11(a)(iii), respectively (each, a “Milestone Event”).
Appears in 3 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Translate Bio, Inc.), Asset Purchase Agreement (Translate Bio, Inc.)
Milestone Events and Milestone Payments. Subject to the terms and conditions of this Agreement, Buyer shall make each applicable payment the payments (each a “Milestone Payment”) set forth in Section 1.11(a)(i), Section 1.11(a)(iiSections 2.6(a)(i) or Section 1.11(a)(iiithrough 2.6(a)(viii) below to the Seller promptly (and in any event no later than [**]) after Company Equityholders upon the first achievement by any a member of the Buyer Rights Chain Group of the relevant event “Milestone” listed under Sections 1.11(a)(i), Section 1.11(a)(ii2.6(a)(i) or Section 1.11(a)(iii), respectively through 2.6(a)(viii) below (each, a “Milestone EventMilestone”).
Appears in 1 contract
Samples: Agreement and Plan of Merger (Alexion Pharmaceuticals Inc)
