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

• In the event that the Borrower fails to achieve the First Milestone on the First Milestone Test Date, each of the Tranche 1 Commitment, the Tranche 2 Commitment and the Tranche 3 Commitment shall (subject to Section 3 below) be automatically terminated, effective immediately after the First Milestone Test Date.

• By way of example, the failure to achieve Automation Milestone 1 and Cost Milestone 1, combined with the achievement of each of Sales Milestone 1 and Technology Milestone 1, in each case on First Milestone Test Date, would result in an Applicable Percentage increase of [*] percent ([*]%).

• Subject to Sections 2(d) and (e) below, the Applicable Percentage shall be increased by [*] percent ([*]%) for each failure to achieve any First Milestone Component, in each case on the First Milestone Test Date, subject to a maximum increase of four percent (4%) for the failure to achieve First Milestone Components.

• The Lenders’ several obligations to make the Tranche 1 Term Loan pursuant to Section 2.1(a)(ii) of the Credit Agreement shall be subject to the achievement of the First Milestone on the First Milestone Test Date.

More Definitions of First Milestone

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

First Milestone shall have the meaning set forth in Section 2.6(a)(i).

First Milestone means [*******]

First Milestone means the *** Successful implantation of a “PROW FUSION-V” product within the Prow Fusion-V Product Family.

First Milestone means the milestone set forth on Annex A under the heading “First Milestone.” “First Milestone Payment” has the meaning set forth in Annex A.

First Milestone means achievement of the criteria described under the captions “Supply Milestone” with regard to the Company as set forth opposite “First Milestone” on Exhibit C.

First Milestone means IDE Approval on the Cervical Spine Products.