First Milestone Event definition

First Milestone Event means the occurrence of the following event: the closing share price of the shares of Parent Common Stock over any twenty (20) consecutive Trading Days during the First Earnout Period is greater than or equal to $16.50 per share (subject to any adjustment pursuant to Section 3(c)).

First Milestone Event means that (a) no Event of Default shall have occurred and be continuing, and (b) Agent shall have confirmed each of the following on or prior to December 31, 2017 (which confirmation may require supporting documentation reasonably requested by Agent): (i) that Borrower has received, after June 30, 2017 but on or prior to December 31, 2017, unrestricted and unencumbered (including, not subject to any redemption, clawback, escrow or similar restriction or encumbrance) upfront net cash proceeds in a minimum amount of at least Ten Million Dollars ($10,000,000.00) in connection with the issuance and sale by Oak Street Health of its equity securities to investors reasonably acceptable to Agent (it being acknowledged and agreed that members of Oak Street Health as of the Closing Date shall be deemed reasonably acceptable to Agent), and (ii) that Borrower has achieved, with respect to any six (6) calendar month period ending after the Closing Date but on or prior to December 31, 2017, aggregate net revenue, determined in accordance with GAAP, of greater than or equal to Eighty Million Dollars ($80,000,000.00).

First Milestone Event is receipt by Bank of evidence, satisfactory to Bank in its sole and absolute discretion, that Borrower has entered into a binding contract with Xtera to fulfill an order for one hundred (100) units, pursuant to which Borrower has received commitment fees in an amount of at least Eight Hundred Thousand Dollars ($800,000).

Examples of First Milestone Event in a sentence

• The First Milestone Event shall result in the Second Closing, as defined in the Stock Purchase Agreement.

• Vizsla shall use commercially reasonable efforts to achieve the First Milestone Event within two years of the Closing Date.

• For the further avoidance of doubt, no Research Antibodies with respect to a Co-Development Antigen shall count towards the First Milestone Event or the Second Milestone Event, as the case may be.

• For the avoidance of doubt, in the event that the First Milestone Event is not achieved by December 31, 2023, the Vifor Royalties shall not be sold or otherwise assigned to the Purchaser without the mutual agreement of the Purchaser and the Seller.

• In addition, Weiss shall be entitled to receive two (2) one-time only bonuses ("Sxxxxxl Bonuses") upon the achievement of each of the First Milestone Event and the Second Milestone Event (each as defined below), in the amount of $1,000,000 and $2,000,000 (less applicable state and federal withholdings), respectively, provided that Weiss may only receive each Special Bonus if, on the date the relevaxx Xxlestone Event is achieved, he is employed by the Corporation as an officer or director.

More Definitions of First Milestone Event

First Milestone Event means confirmation by Agent that Borrower has received, after July 21, 2014, but on or prior to October 15, 2014, unrestricted and unencumbered gross cash proceeds in an amount of equal to or greater than Fifteen Million Dollars ($15,000,000) from the issuance and sale by Borrower of its equity securities and/or Subordinated Indebtedness in a transaction or a series of transactions in each case with Borrower’s existing investors and investors reasonably acceptable to Agent.

First Milestone Event shall have the meaning set forth in Section 4.2 hereof.

First Milestone Event has the meaning given in Section 1.1(a) of Schedule B. “First Milestone Payment” has the meaning given in Section 1.1(a) of Schedule B. “FOI Legislation” has the meaning given in Section 16.4.3.

First Milestone Event means the exercise of any Option by Canam;

First Milestone Event means the achievement of the research and development milestone described as the “First Milestone” in Exhibit E.

First Milestone Event means the date on which Buyer generates data which in Buyer’s sole discretion successfully demonstrates the utility of the Compound referred to as CX717 in the intravenous dosage format for the prophylactic or rescue treatment of RD.

First Milestone Event means Reimbursement Approval has been obtained, prior to December 31, 2023, for the Vifor Licensed Products from the Gemeinsamer Bundesausschuss in Germany reflecting a list price of at least €29 per dose.