Examples of Additional Investment Payment in a sentence
The Additional Investment Payment shall be invested at the direction of the Swap Counterparty (provided that the Swap Counterparty directs that such amount be invested in investments that meet the definition of Eligible Investment herein) and in the absence of any such direction in investments described in the definition of clause (b) of the definition of Eligible Investments (such investments being referred to as, the "Additional Investment Securities").
Upon receipt of each such invoice, the Buyer shall promptly (and in any event within [ * ] Business Days of receipt of such invoice) pay the Additional Investment Payment specified in such invoice by wire transfer of immediately available funds to one or more accounts specified by the Seller for the Seller’s use in paying the R&D Cost.
Upon receipt of such notice, if the Buyer has not yet funded the Maximum Additional Investment Payment Amount, the Buyer shall have the option, at the Buyer’s sole discretion, to pay the Top-Up Payment within the Top-Up Deadline.
If the Buyer had already funded the Maximum Additional Investment Payment Amount prior to the Buyer’s receipt of notice of the occurrence of the FDA Milestone Event, then the Seller shall, within [ * ] Business Days of the occurrence of the FDA Milestone Event, pay the FDA Milestone Payment to the Buyer.
If the Buyer had already funded the Maximum Additional Investment Payment Amount prior to the Buyer’s receipt of notice of the occurrence of the EMA Milestone Event, then the Seller shall, within [ * ] of the occurrence of the EMA Milestone Event, pay the EMA Milestone Payment to the Buyer.