Development Milestone Payment definition

Development Milestone Payment shall have the meaning set forth in Section 9.2(a).
Development Milestone Payment has the meaning set forth in Section 6.1(b) (Development Milestone Payment).
Development Milestone Payment is defined in Section 5.3.

Examples of Development Milestone Payment in a sentence

  • This clause (iii) shall apply only to the first achievement of a Development Milestone Event, such that each Development Milestone Payment shall not be payable more than once.

  • Each Development Milestone Payment shall be fully earned and payable once upon the first achievement of the corresponding Development Milestone Event.

  • For clarity, each Development Milestone Payment is non-refundable, is not an advance against Royalties due to Penn or any other amounts due to Penn.

  • The specified Development Milestone Payment shall be made within thirty (30) days after the occurrence of the related Development Milestone Event.

  • Each Development Milestone Payment shall be paid [***] that can become payable under this Section 6.4 is $[***] per Target.


More Definitions of Development Milestone Payment

Development Milestone Payment has the meaning set forth in Section 4.2(a).
Development Milestone Payment has the meaning set forth in Section 3.3.
Development Milestone Payment has the meaning set forth in Section 9.3.1 (Development Milestones).
Development Milestone Payment has the meaning set forth in Section 5.2.
Development Milestone Payment is defined in Section 4.1.1 hereof.
Development Milestone Payment is defined in Section 2.13(a).