Payment of Milestone Payments. If a Milestone has been achieved in accordance with this Agreement, Parent shall, promptly (but in any event no later than five (5) Business Days) following the delivery of the Milestone Notice, deposit with the Rights Agent, for payment to the Holders in accordance with Section 2.4, the Applicable Milestone Amount in cash.
Appears in 4 contracts
Samples: Contingent Value Rights Agreement (Johnson & Johnson), Contingent Value Rights Agreement (Abiomed Inc), Merger Agreement (Johnson & Johnson)
Payment of Milestone Payments. If a Milestone has been achieved in accordance with this Agreement, Parent shall, promptly (but in any event no later than five (5) Business Days) following the delivery of the Milestone Notice, deposit with the Rights Agent, for payment to the Holders in accordance with Section 2.4, the Applicable aggregate amount necessary to pay the Milestone Amount in cashPayment Amounts to all Holders. For the avoidance of doubt, the maximum aggregate potential amount payable under this Agreement shall be (i) $0.50 with respect to Milestone 2024 and (ii) $0.50 with respect to Milestone 2025.
Appears in 3 contracts
Samples: Contingent Value Rights Agreement (Supernus Pharmaceuticals, Inc.), Merger Agreement (Adamas Pharmaceuticals Inc), Merger Agreement (Supernus Pharmaceuticals, Inc.)
Payment of Milestone Payments. If a Milestone has been achieved during the Milestone Period for such Milestone in accordance with this Agreement, Parent shall, promptly (but in any event no later than five (5) Business Days) following the delivery of the Milestone NoticeNotice for such Milestone, deposit with the Rights Agent, for payment to the Holders in accordance with Section 2.42.4 (not including amounts payable in respect of Equity Award CVRs), the Applicable aggregate amount necessary to pay the applicable Milestone Payment Amount in cashfor such Milestone to all Holders.
Appears in 3 contracts
Samples: Contingent Value Rights Agreement (Concert Pharmaceuticals, Inc.), Contingent Value Rights Agreement (Sun Pharmaceutical Industries LTD), Merger Agreement (Concert Pharmaceuticals, Inc.)
Payment of Milestone Payments. If a Milestone has been achieved in accordance with this Agreement, Parent shall, promptly (but in any event no later than five (5) Business Days) following the delivery of the Milestone Notice, deposit with the Rights Agent, for payment to the Holders in accordance with Section 2.4, the Applicable aggregate amount necessary to pay the applicable Milestone Amount in cashPayment to all Holders.
Appears in 3 contracts
Samples: Contingent Value Right Agreement (Pacira BioSciences, Inc.), Merger Agreement (Flexion Therapeutics Inc), Merger Agreement (Pacira BioSciences, Inc.)
Payment of Milestone Payments. If a Sales Milestone has been achieved in accordance with this Agreement, Parent shall, promptly (but in any event no later than five (5) three Business Days) following the delivery of the Milestone Notice, deposit with the Rights Agent, for payment to the Holders in accordance with Section 2.4, the Applicable aggregate amount necessary to pay the applicable Milestone Amount in cashPayment to all Holders.
Appears in 2 contracts
Samples: Merger Agreement (Chelsea Therapeutics International, Ltd.), Contingent Value Rights Agreement (Chelsea Therapeutics International, Ltd.)
Payment of Milestone Payments. If a the Milestone has been achieved in accordance with this Agreement, Parent shall, promptly (but in any event no later than five (5) Business Days) following the delivery of the Milestone Notice, deposit with the Rights Agent, for payment to the Holders in accordance with Section 2.4, the Applicable aggregate amount necessary to pay the Milestone Amount in cashPayment to all Holders.
Appears in 1 contract
