Corporate Milestone definition

Corporate Milestone means […***…].
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Corporate Milestone means the consummation of a corporate collaboration, licensing arrangement or similar arrangement with a non- Affiliated investment-grade recognized and established strategic investor (as determined by Lender) with upfront unrestricted (including not subject to any clawback, redemption, escrow or similar contractual restriction, but excluding any restriction in favor of Agent) net cash proceeds equal to or greater than Fifteen Million Dollars ($15,000,000).
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Corporate Milestone has the meaning set forth in SCHEDULE “B”.
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Examples of Corporate Milestone in a sentence

  • At all times prior to achievement of both the Corporate Milestone and the Fundraising Milestone, Borrower shall maintain Unrestricted Cash in an amount greater than or equal to Twenty Five Million Dollars ($25,000,000) plus the amount of Borrower’s accounts payable under GAAP not paid after the 90th day following the invoice date for such accounts payable.

  • If the Company fails to make a Successful Press Release within 5 Trading Days following the Corporate Milestone Event Date, the Company shall be irrebuttably presumed to have failed such Corporate Milestone Event (the “Presumed Failure”).

  • In connection with each Corporate Milestone Event, the Company shall make a widely-disseminated press release setting forth the occurrence of such Corporate Milestone Event (the “Successful Press Release”) within 5 Trading Days following the Corporate Milestone Event Date.

  • The Second Closing Corporate Milestone referred to in Section 2.3. (b) (vi), paragraph (iii) relates to the Company’s ability to demonstrate that it expects to be able to source certain minimum amounts of feedstock as a pre-condition of the Second Financing.

  • REPORTS SECOND QUARTER 2011 RESULTS Company Achieves Historical Corporate Milestone with Tenth Consecutive Quarter of Profitability Combined with Year-over-Year Revenue Growth and Double-Digit Unit Growth OLDSMAR, Fla.

  • Source: company Board of DirectorsSource: company Corporate Milestone Over The YearsSource: Company Clientele by TypesSource: Company Core BusinessesThe 2 main divisions where Kimlun derived its revenues are (i)construction & engineering division and (ii) pre-cast concrete division.

  • The Company agrees to sell to the Purchaser, and upon the basis of the representations and warranties, and subject to the terms and conditions, set forth in this Agreement, the Purchaser agrees to purchase from the Company shares of Common Stock (the "Shares") in consideration for an aggregate purchase price (the "Purchase Price") of US$_____________ .

  • Corporate Milestone Measureable Event Milestone Deadline Successful FDA CMC Meeting Outcome Upon shipment of PAX (bavituximab) material to first clinical site for use in clinical studies.

  • Action: GO to put high, medium and low impact bandings on the Corporate Milestone Tracker as is currently in Programme tracker.

  • Failure to timely satisfy any Corporate Milestone shall be an Event of Default.


More Definitions of Corporate Milestone

Corporate Milestone means the consummation of a corporate collaboration, licensing arrangement or similar arrangement with a non-Affiliated investment-grade recognized and established strategic investor (as determined by Lender) with upfront unrestricted (including not subject to any clawback, redemption, escrow or similar contractual restriction, but excluding any restriction in favor of Agent) net cash proceeds equal to or greater than Fifteen Million Dollars ($15,000,000).
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Related to Corporate Milestone

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

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

  • 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.

  • Development Milestone is defined in Section 5.3.

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

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

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

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

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

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Milestone Events has the meaning set forth in Section 7.2.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • 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.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Goals means the annual level of participation by SBEs in City Contracts as established in this chapter, the SBE Regulations, or as necessary to comply with applicable federal and state nondiscrimination laws and regulations. Goals for individual Contracts may be adjusted as provided for in this chapter and shall not be construed as a minimum for any particular Contract or for any particular geographical area.

  • Milestone Notice has the meaning set forth in Section 2.4(a).

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.