First Milestone definition

First Milestone has the meaning set forth in Section 1.3(a).

First Milestone means that Blockstack has succeeded in making the Network operational with Token functionality and the Network is live and being actively used by participants.

First Milestone means **.

Examples of First Milestone in a sentence

• As used herein, the First Milestone will be the completion of the Product’s Phase III pivotal Trial 1 for spinal cord injuries (“SCI”).

• In addition, 20% of each Limited Partner’s Capital Contribution will not be returned or otherwise distributed to such Limited Partner, even if Blockstack does not achieve the First Milestone.

• If the LP Advisory Committee determines that Blockstack has achieved the First Milestone on the First Evaluation Date, no later than 30 days after the First Evaluation Date the Partnership will transfer to the Seller cash in an amount equal to 40% of the aggregate Capital Contributions of the Limited Partners in exchange for the Milestone Tokens pursuant to and in accordance with the Token Purchase Agreement.

• The LP Advisory Committee will meet on or before each of the First Evaluation Date and the Second Evaluation to determine whether the First Milestone or the Second Milestone, respectively, has been met.

• Further, the amount of any distribution if the Network does not achieve the First Milestone or pursuant to Section 5.1(b) will be limited to the then-available assets of the Partnership, which will be reduced by any depreciation in value of any Cryptocurrency held by the Partnership.

More Definitions of First Milestone

First Milestone. , "Second Milestone", Third Milestone", "Fourth Milestone", "Fifth Milestone", and "Sixth Milestone", respectively.

First Milestone has the meaning set forth in Section 2.2(f).

First Milestone means [***].

First Milestone means the achievement of the successful production and testing of Osmolarity Alpha/Alpha Units as further described on Schedule 1.4(c)(i) hereto; and “Second Milestone” means the achievement of the successful production and testing of (A) Osmolarity Beta/Beta Units and (B) IgE Alpha lab cards as further described on Schedule 1.4(c)(ii) hereto.

First Milestone means IDE Approval on the Cervical Spine Products.

First Milestone means the first milestone event to occur under Section 4.3.

First Milestone. (as defined in the Investment and Commission Agreement), Borrower shall prepay Advances as described in Section 2.05(b), and the Commitment shall be automatically reduced by the amount of such required prepayment.