Common use of Payment of Milestone Payment Clause in Contracts

Payment of Milestone Payment. Parent Holdco will duly deposit or cause to be deposited with the Rights Agent, on or prior to the Milestone Payment Date, the Milestone Payment to be made to the Holders in accordance with the terms of this Agreement. Such amounts shall be considered paid on the Milestone Payment Date if on such date the Rights Agent has received in accordance with this Agreement money sufficient to pay all such amounts then due.

Appears in 5 contracts

Samples: Contingent Value Rights Agreement (Shire PLC), Contingent Value Rights Agreement (Shire PLC), Merger Agreement (Dyax Corp)

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