Examples of Diligence Milestone in a sentence
Upon payment of each Extension Fee with respect to any of the Diligence Milestones, an additional year will be added to the time for completion of such Diligence Milestone and all other as yet unmet Diligence Milestones.
A material breach shall include but not be limited to the following: (i) failure to deliver to APL any payment at the time such payment is due under this Agreement, (ii) failure to meet or achieve a Diligence Milestone by the applicable Achievement Date (and any permitted extension), (iii) failure to possess and maintain required insurance coverage, and (iv) delivery of a false report to APL.
Licensee shall provide COH with prompt notice of meeting each of the foregoing Therapeutic Diligence Milestone which notice shall be accompanied by reasonable documentary evidence of the satisfaction of the applicable Therapeutic Diligence Milestone.
Finally, it is important to recognize the normativity of the conceptual debate.
Upon agreement of the Parties with respect to the deadlines for such Second Extended Milestones, Licensee shall make a non-creditable payment of one-half of the Milestone Fee of the Milestone Event corresponding to said Diligence Milestone Event.