Second Milestone. Within [***] ([***]) days after the earlier of (i) the date of first receipt of [***] for a Product for [***] and (ii) the date that is [***] ([***]) days after the date of [***], such date being the “Second Milestone,” Parent shall pay to the Company Stockholders a non-refundable, non-creditable milestone payment in the aggregate amount of [***] Dollars ($[***]) in cash, less any deduction pursuant to Section 8.6(c) and less [***] of the Assumed Company Payables (the “Second Milestone Payment Amount”), with such payment allocated among the Company Stockholders in accordance with Section 2.8.
Second Milestone. The City of Cambridge Approves for Issuance the Building Permit to commence construction of the Base Building Work. Landlord shall use commercially reasonable best efforts to achieve the Second Milestone no later than the Second Milestone Date. Second Milestone Date: August 25, 2017, provided that the Second Milestone Date may be extended until October 25, 2017 if (i) Landlord has, prior to August 25, 2017, begun demolition (meaning thereby the removal of one or more external walls) of the 11CC Building, or (ii) Landlord can demonstrate, to Tenant’s reasonable satisfaction, that Landlord can still achieve the Substantial Completion Date on or before the Estimated Commencement Date (such demonstration to include the execution of a written contract(s) between Landlord and the General Contractor (as hereinafter defined) under which the General Contractor agrees to achieve Substantial Completion of Landlord’s Work on or before the Estimated Commencement Date based upon the assumption that the work under such contract(s) (which shall together cover all of Landlord’s Work) is commenced no sooner than October 25, 2017). The Second Milestone Date shall be extended by any period of time which Landlord is actually delayed in achieving the Second Milestone by reason of Tenant Delay but not by any period of Force Majeure. Tenant’s Termination Expenses Cap: Three Million Five Hundred Thousand and 00/100 Dollars ($3,500,000.00) Remedy:
Second Milestone. Within 30 days following the achievement of the Second Milestone prior to a Change of Control, La Jolla will issue to GliaMed an additional 3,788 shares of Series E Preferred Stock.
Second Milestone. If the Change of Control is consummated prior to the achievement of the Second Milestone, then La Jolla (or the Acquirer) shall pay GliaMed $9,500,000 in cash within 30 days following the achievement of the Second Milestone.
Second Milestone. Dollars ($***) on the ***.
Second Milestone. The second Milestone shall be deemed to have been attained if the Parent (including its subsidiaries) and the Surviving Company shall have attained (either alone or together) each of the following within one hundred eighty (180) days after the Closing Date (the "Second Milestone Termination Date"):
Second Milestone. Upon discovery of hydrocarbons outside of the Oyo Field under the PSC in sufficient quantities to warrant the commercial development thereof, CEI may elect to retain the Contract Rights (the “Second Milestone Option”) upon payment to Allied of $5 million (either in cash, or at Allied’s option, in Shares) (the “Second Milestone Consideration”);
Second Milestone. Subject to the provisions of Section 2.2.2(c), upon the later of (i) twelve months after the Closing and (ii) MEP having successfully both (A) achieved the development of commercial Units with performance and cost characteristics meeting or exceeding those agreed upon by PEV and MEP and set forth in the Product Development Plan, and (B) completed the development of Modular Packaging Technology that meets or exceeds the specifications set forth in the SPES Business Plan, PEV shall deliver to MEP a check or wire transfer of funds in the amount of one million two hundred fifty thousand dollars ($1,250,000.00) payable to MEP's order.
Second Milestone. Any of the following: · the completion by Licensee or its Affiliate of a phase I clinical trial within thirty-six (36) months following the filing of the IND · Licensor having the right to perform a disc procedure in the United States within thirty-six (36) months following the Effective Date · One Million Dollars ($1,000,000) in aggregate cumulative gross sales for Licensee and its Affiliates within thirty-six (36) months following the Effective Date
Second Milestone. Within sixty (60) days after the end of the first calendar year in which the total of Net Sales in the CF Market in such calendar year exceeds Ten Million U.S. Dollars ($10,000,000), CRTX shall pay to DCI the amount of Two Million and Five Hundred Thousand U.S. Dollars ($2,500,000) (The “Second Milestone”).
