Commercial Milestone definition

Commercial Milestone has the meaning set forth in Section 4.3(a).

Commercial Milestone shall have the meaning assigned to it in Section 4.3.

Commercial Milestone shall have the meaning set out in Section 7.3.1.

Examples of Commercial Milestone in a sentence

• The Parties acknowledge and agree that Modern Round’s failure to achieve the First Commercial Milestone by the applicable Milestone Date shall be subject to Section 4.4, unless as otherwise mutually agreed by the Parties.

• Payment for each of the Commercial Milestones shall be made only once regardless of how many times a Product achieves the corresponding Commercial Milestone, and no payment shall be due for any Commercial Milestone which is not achieved.

• Buyer shall pay a non-creditable, non-refundable milestone payment for each of the milestone events set forth in this Section 3.4 (each a “Commercial Milestone”), whether the Commercial Milestone is achieved by Buyer, its Affiliates or Licensees, or any Third Party acting on behalf of Buyer, its Affiliates or Licensees.

• Notwithstanding any other provision the First Commercial Milestone shall occur no later than twenty-four (24) months after the Effective Date.

• The Parties acknowledge and agree that Modern Round’s failure to achieve the Second Commercial Milestone by the applicable Milestone Date shall be subject to Section 4.4, unless as otherwise mutually agreed by the Parties.

More Definitions of Commercial Milestone

Commercial Milestone means the applicable milestone set forth in Section 7.2(b).

Commercial Milestone means market introduction in the United States of a Hybrid having at least one Line developed in the Program as a parental line and which Hybrid is royalty bearing under an exclusive license to such Line from SYSTEM to CERES.

Commercial Milestone means market introduction in the United States or Brazil of a Hybrid (as defined in the ARSRA) or Derivative having at least one finished inbred Line that is stable, pure and reproducible and that is developed in the Program as a parental line and transferred from the Holder to the Company as breeder seed suitable for commercial increase and which Hybrid or Derivative is royalty bearing under an exclusive license to such Line from the Holder to the Company.”

Commercial Milestone has the meaning set forth in Section 6.2.

Commercial Milestone has the meaning set forth in Section 8.3.

Commercial Milestone means each of the Milestones set forth in Sections 2.6(a)(v) through 2.6(a)(viii).

Commercial Milestone is defined in Section 6.3. Certain information has been excluded from this agreement (indicated by “[***]”) because such information (i) is not material and (ii) would be competitively harmful if publicly disclosed.