Financial Milestone means satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; and (b) Borrower has raised at least [***] in unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction) net cash proceeds from one or more bona fide equity financings and/or upfront proceeds from business development transactions not prohibited under this Agreement, in each case after the Closing Date and prior to June 30, 2023, subject to verification by Agent (including supporting documentation reasonably requested by Agent).

Financial Milestone means satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; and (b) Parent has raised at least Seventy Five Million Dollars ($75,000,000.00) in unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction other than in the case the Permitted Convertible Debt Financing) net cash proceeds from a bona fide equity financing, Subordinated Indebtedness (which, for the avoidance of doubt, may include the net proceeds received from any Permitted Convertible Debt Financing (exclusive of any amounts used to purchase equity derivatives)), and/or upfront proceeds from a business development transaction permitted under this Agreement, in each case after January 3, 2017 and prior to June 30, 2017, and in the case of a business development transaction, on terms and with partners reasonably satisfactory to Agent, subject to verification by Agent (including supporting documentation requested by Agent).

Financial Milestone means satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred and be continuing; and (b) Borrower has raised at least an amount equal to [***] in unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction) net cash proceeds from one or more bona fide equity financings or other business development transactions, from the Closing Date and prior to December 15, 2024, subject to verification by Agent (including supporting documentation requested by Agent).

Examples of Financial Milestone in a sentence

For Financial Milestone Tracker Items 8, 9, 10, 11, 13, 15, 19, and 22, retainage shall not be withheld.
Developer will submit by the 5th or 25th of each month, and no more than twice per month, Requests for Payment based upon the milestones identified in the Financial Milestone Tracker that were achieved by Developer during the period since Developer’s last submitted Request for Payment (“Request for Payment”).
Owner shall be responsible for paying all Project Costs within the Project Budget as set forth in the Financial Milestone Tracker, but excluding Developer Cost Overruns.
The Project Definitions and Key, attached as Exhibit 5, identifies the Financial Milestone task, event, or circumstance, the occurrence or completion of which allows Developer to bill and be paid for that Financial Milestone.
In exchange for the Services, Owner agrees to pay Developer the total of the costs identified on the Financial Milestone Tracker attached as Exhibit 3, which is $2,079,922.00.

More Definitions of Financial Milestone

Financial Milestone means the financial milestone agreed to between the Grantee and the Company in writing with respect to the Company’s financial performance which must be generally achieved in order for certain Units to become Vested Units pursuant to Section 3.2.

Financial Milestone means the completion on an equity investment contemplated by the Business Plan in the Company and/or any wholly-owned subsidiary of the Company in the aggregate amount of Five Million Dollars ($5,000,000). Each Financial Milestone may be completed in one or more transactions. The first Financial Milestone shall be measured from April 1, 2003, the second Financial Milestone shall be measured from the completion of the first Financial Milestone, and the third Financial Milestone shall be measured from the completion of the second Financial Milestone. No Financial Milestone may be waived, in whole or in part, by the Board of Directors of the Company unless the Chairman of the Board, in his sole discretion, shall have introduced a motion to the Board of Directors for total or partial waiver of any Financial Milestone based on the on-going performance of Optionee as the President and Chief Operating Officer of the Company, the financial capability of the Company and the timely satisfaction on budget of each Critical Milestone.

Financial Milestone means the initial satisfaction of each of the following events: (a) occurrence of a Qualified IPO or Ultimate Parent Spinout and (b) Parent first achieving a market capitalization in excess of [***] (as measured by the reported closing price of the common stock of Parent on the stock exchange or reporting system upon which the Parent’s common stock is traded or reported).

Financial Milestone means satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; and (b) Parent has raised at least Fifteen Million Eight Hundred Thousand Dollars ($15,800,000.00) in cumulative unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction other than in the case the Permitted Convertible Debt Financing) net cash proceeds from one or more bona fide equity financings and/or Subordinated Indebtedness (which, for the avoidance of doubt, may include the net proceeds received from any Permitted Convertible Debt Financing (other than any amounts used to purchase equity derivatives in connection with such Permitted Convertible Debt Financing)), after May 24, 2017 and prior to June 30, 2017, subject to verification by Agent (including supporting documentation requested by Agent) in its reasonable discretion.

Financial Milestone means the achievement of $[**] or more in [**] of the [**] in the 2012 calendar year.

Financial Milestone means satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred and be continuing; and (b) Company has raised at least [***] in unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction) net cash proceeds from one or more bona fide equity financings, Subordinated Indebtedness and/or upfront proceeds from business development transactions permitted under this Agreement, in each case after the Closing Date and prior to December 31, 2023, subject to verification by Agent (including supporting documentation reasonably requested by Agent).