Conversion Milestone definition

Conversion Milestone means that a Phase II clinical trial involving the Company’s isoflavone technology has achieved a statistically significant result (p=0.05 or less) or a first patient is enrolled in a Phase III clinical trial involving the Company’s isoflavone technology, whichever is the earlier.
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Conversion Milestone means the date on which both of the following has occurred: (i) Project Completion, and (ii) at any time after Project Completion, the arithmetic average of the daily VWAP of the Common Stock for any twenty (20) consecutive Trading Days being 200% or more of the then-applicable Conversion Price (provided that this condition shall only be deemed to be satisfied if the Common Stock is listed on Nasdaq, TSX or NYSE/AMEX (or another national securities exchange in the US or Canada reasonably acceptable to the Majority Purchasers) during such twenty (20) consecutive Trading Day measuring period).
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Conversion Milestone means that a Phase II clinical trial involving the Technology and the Seller Intellectual Property have achieved a statistically significant result (p=0.05 or less) or a first patient is enrolled in a Phase III clinical trial involving the Technology and the Seller Intellectual Property, whichever is earlier.
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Examples of Conversion Milestone in a sentence

  • Upon achievement of the Conversion Milestone, each share of Convertible Preferred Stock, not previously converted pursuant to Section 5(a), shall be convertible, at the option of the Holder thereof, at any time and without the payment of additional consideration by the Holder thereof, into 9,654 shares of fully paid and nonassessable shares of Common Stock, plus cash in lieu of any fractional shares.

  • Sprint and Amdocs each hereby forever release the other and their respective Affiliates from any claim, obligation or liability under the 2006 Agreement arising out of or related to (x) any delay in the achievement of the Final Conversion Milestone (as such term is defined in the 2006 Agreement) or (y) the calculation of the amount of, or the payment or non-payment of, any Minimum Subscriber Commitment (solely for purposes of this paragraph, as such term is defined in the 2006 Agreement).

  • The owner or property manager must inspect and maintain the property on at least a monthly basis for as long as the property is vacant.

  • The System Test exit criteria, inclusive of any applicable CPSs (as will be defined in Schedule C) will be agreed to no later than [**] days prior to the start of System Testing of the initial post-conversion Release, and will be implemented after the Final Conversion Milestone.

  • Amdocs shall use all reasonable efforts to retain its Critical Personnel and Key Personnel who participate in the provision of the Services hereunder until achievement of the Final Conversion Milestone.

  • DATA CONCERNING SAMPLES AND TEST CONDITIONS 4III.1 SAMPLE IDENTIFICATION 4III.2 EXPERIMENTAL CONDITIONS 5IV.

  • Upon achievement of the Final Conversion Milestone, the Parties shall review Schedule G (Key Personnel and Program Manager) hereto and mutually agree to any additions and deletions thereto with respect to Sprint's Key Personnel, which shall apply to such revised Schedule G (Key Personnel and Program Manager) during the period beginning upon the date of achievement of the Final Conversion Milestone and continuing through the remainder of the Term.

  • Each holder shall convert a percentage of the total issued and outstanding shares of Series A-1 Preferred (as of the Closing Date) held by such holder that is equal to or greater than such holder’s respective Minimum Conversion Milestone (as defined below) as of such Conversion Milestone Date; provided, however, that each holder of Series A-1 Preferred may convert more than the Minimum Conversion Milestone at any time until all of the shares of Series A-1 Preferred Shares have been converted.

  • She stated that due to COVID-19, all public outreach would be conducted virtually.

  • Upon receipt of the Prepayment Notice (and whether or not the Conversion Milestone has occurred), the Lender may, at its option, deliver the Conversion Notice to the Borrower at any time prior to the prepayment of the Loan and the provisions relating thereto shall prevail over the Borrower right to repay.


More Definitions of Conversion Milestone

Conversion Milestone has the meaning set forth in the Purchase Agreement.
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Related to Conversion Milestone

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Milestone Event has the meaning set forth in Section 8.4.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Major conversion means a conversion of an existing ship:

  • Forced Conversion Notice has the meaning set forth in Section 4.05(c) hereof.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Forced Conversion Notice Date shall have the meaning set forth in Section 6(d).

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Automatic Conversion Date has the meaning specified in Section 13.14(a).

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Conversion therapy means any practice or treatment as defined in § 54.1-2409.5 A of the Code of Virginia.

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.