Development Payment definition

Development Payment means the payment required to be paid by HKBT for Development Work pursuant to an applicable Statement of Work.
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Development Payment shall have the meaning set forth in Schedule 1.
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Development Payment means the onetime non-refundable payment, in the amount of *** to cover the start up costs during the development phase of the Initial New Centers, which is payable as set forth in Section 3.2(a).
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Examples of Development Payment in a sentence

  • Within fifteen (15) days after Adapt delivers each of its monthly reports pursuant to Section 5.11.1, the Party to whom a Reconciliation Development Payment is due shall issue an invoice to the other Party for the Reconciliation Development Payment, which invoice shall be due and payable within fifteen (15) days thereafter.

  • On or before January 28, 2012 ILJIN was to pay US$500,000 to the Company as the Second Development Payment and purchase 39,600,000 common shares of the Company issued from treasury for an aggregate subscription price of US$8,500,000.

  • On or before January 28, 2012 ILJIN was to pay US$500,000 to the Company as the Second Development Payment and purchase 39,600,000 common shares (pre-conversion) of the Company issued from treasury for an aggregate subscription price of US$8,500,000.

  • The Company shall not be obligated to pay the Development Payment to the Employee until the closing of a Qualified Financing.

  • To the extent Pfizer pays for any Territory Exclusive Development Costs under Section 4.4.1(a), or Regulatory Costs under Section 5.2.3, which can be credited against applicable First Commercial Sale milestones in Section 8.2, cumulative amounts of such creditable costs will be reported on the report accompanying any Reconciliation Development Payment.

  • In the event that Employee dies during the Term, the Employee’s employment hereunder shall be terminated thereby and the Company shall pay to the Employee’s executors, legal representatives or administrators an amount equal to all accrued and unpaid (as of the Termination Date) Salary, Development Payment, Benefits and Bonus, plus any unreimbursed business-related expenses payable pursuant to Section 4.5 hereof.

  • Customer shall have no right to a refund of the Development Payment unless QPC notifies Customer that it is abandoning development of the Products.

  • The Development Payment shall be used to fund the development of the Products.

  • Within thirty (30) days of the closing of a Qualified Financing, the Company shall pay to the Employee a lump sum equal to the Development Payment.

  • The Rent payable for a Development Project during the Construction Period (“Construction Rent”) shall be due in arrears in consecutive monthly installments and shall, to the extent anticipated by the applicable Project Budget, be financed by Landlord through each monthly Development Payment as set forth in the applicable Project Budget.


More Definitions of Development Payment

Development Payment has the meaning set forth in Section 8.4 (Development Payment).
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Development Payment means each Early Development Payment, Other Development Payment and Other Development Option Exercise Payment listed in the table that appears in Section 3.3.
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Development Payment means the advance of funds to Borrower by the Lender as set forth in Section (ii);
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Development Payment has the meaning set forth in Section 3.1(a).
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Related to Development Payment

  • Development Phase means the period before a vehicle type is type approved.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Development Fees means fees imposed to offset capital costs of providing public infrastructure, public safety or other public services to a development and authorized pursuant to A.R.S. Section 9-463.05, A.R.S. Section 11-1102 or A.R.S. Title 48 regardless of the jurisdiction to which the fees are paid.

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

  • Development Project means a project for the development of land within a

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Development Program means the implementation of the development plan.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Development Plan has the meaning set forth in Section 3.2.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Development Activities means those activities which are normally undertaken for the development, construction, repair, renovation, rehabilitation or conversion of buildings for residential purposes, including the acquisition of property;

  • 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 Work means the conduct of preclinical and clinical trials, the compilation of the regulatory dossier concerning Licensed Products and the conduct of other work necessary or useful for obtaining Regulatory Approval of Licensed Products.

  • Development Activity means any activity defined as Development which will necessitate a Floodplain Development Permit. This includes buildings, structures, and non-structural items, including (but not limited to) fill, bulkheads, piers, pools, docks, landings, ramps, and erosion control/stabilization measures.

  • Phase I Study means a study in humans which provides for the first introduction into humans of a product, conducted in healthy volunteers or patients to obtain information on product safety, tolerability, pharmacological activity or pharmacokinetics, as more fully defined in 21 C.F.R. § 312.21(a) (or the non-United States equivalent thereof).

  • Development Plans has the meaning set forth in Section 3.2.

  • Royalty Payment has the meaning set forth in Section 6.1.

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

  • Development Works means the external development works and internal development works on immovable property;

  • Development Data means any and all research data, pharmacology data, chemistry, manufacturing and control data, preclinical data, clinical data and all other documentation (including raw data) compiled, developed or generated with respect to the Compound or Product.

  • Phase II Study means a human clinical trial, for which the primary endpoints include a determination of dose ranges and/or a preliminary determination of efficacy in patients being studied as described in 21 C.F.R. § 312.21(b) (FDCA), as amended from time to time, and the foreign equivalent thereof.

  • Commercialization Costs means the sum of the following costs and expenses incurred by the Parties or their respective Affiliates, in Commercializing the Shared Products (and related Manufacturing activities) in the Territory, in each case, to the extent incurred in accordance with the Commercialization Plan and Commercialization Budget:

  • Phase I Clinical Study means, as to a particular Licensed Product, an initial clinical study in humans with the purpose of assessing the Licensed Product’s safety, tolerability, toxicity, pharmacokinetics or other pharmacological properties.

  • Phase II Clinical Study means a human clinical study of a product initiated to determine the safety and efficacy in the target patient population, as described 21 C.F.R. 312.21(b).