First Payment Milestone definition

First Payment Milestone. The Parties acknowledge that Trikon delivered the Trikon Transport Module at Aviza’s site as this Section 2.4 requires prior to this Agreement’s Effective Date.
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First Payment Milestone. Has the meaning given to it in Section 3.3.
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Examples of First Payment Milestone in a sentence

  • The date on which the First Payment Milestone shall have occurred is referred to in this Agreement as the “First Payment Date”.

  • For the orderly conduct of the First Payment Milestone, no later than one (1) day prior to the First Payment Date, the Seller shall provide each of the Purchasers with (i) a copy of the DST return signed and ready to be filed by the Seller with the BIR in respect of its sale of the Sale Shares, and (ii) the name of the particular BIR revenue district office or the proper BIR payee of the manager’s check covering the DST payment on the Sale Shares.

  • If, prior to the First Payment Milestone, the Purchasers become aware of a breach of any of the Seller Warranties (other than a breach of the Seller Warranties on ownership of Sale Shares and Telco Assets), the Purchasers shall still proceed with the First Payment Milestone and may seek indemnification for damages suffered as a result of such breach; provided, that the Purchasers’ right to seek indemnification shall be subject to Article VII (Indemnification and Limitations to Indemnity) of this Agreement.

  • Subject to the fulfillment (or waiver by the relevant Party) of the First Payment Deliverables set forth in Section 3.4, the First Payment Milestone will take place at 10:00 a.m. on the First Payment Date or such other time and in such location as the Parties may agree in writing.

  • Upon receiving the original undisputed invoice and supporting documents including the logistics documents as required in connection with the First Payment Milestone under Appendix C, Company shall make the payments within 180 days of receipt of the invoice in accordance with Appendix A, Article VI.

  • Subject to the First Payment Milestone referred to in Section 3.3, and without prejudice to and in accordance with the Terms and Manner of Payment under Article III hereof, the Purchasers, through VTI and the relevant VTI Subsidiaries (as may be appropriate), shall assume the Total Liabilities from and after the First Payment Date.

  • Subject to the First Payment Milestone referred to in Section 3.3, and without prejudice to and in accordance with the Terms and Manner of Payment under Article III hereof, the Purchasers, through HB Holdco and the HB Holdco Subsidiary (as may be appropriate), shall assume the Total Liabilities from and after the First Payment Date.

  • Subject to the First Payment Milestone referred to in Section 3.3, and without prejudice to and in accordance with the Terms and Manner of Payment under Article III hereof, the Purchasers, through LB Holdco and the LB Holdco Subsidiary (as may be appropriate), shall assume the Total Liabilities from and after the First Payment Date.

  • Subject to the fulfillment (or waiver by the relevant Party) of the First Payment Deliverables set forth in Section 3.4, the First Payment Milestone will take place at 10:00 a.m. on the First Payment Date at the offices of the Seller (or at such other time or location as the Parties may agree in writing).

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Related to First Payment Milestone

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Party A Payment Dates Each Quarterly Interest Payment Date from and including the Quarterly Interest Payment Date falling in {circle} 2004 up to the Termination Date and the Termination Date.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Party B Payment Dates Each Quarterly Interest Payment Date from and including the Quarterly Interest Payment Date falling in {circle} 2004 up to the Termination Date and the Termination Date.

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.