Initial Milestone definition

Initial Milestone has the meaning given to it in the table in Part B of this Schedule 5;
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Initial Milestone means, the earlier of (i) one year following the date of the consummation of the Business Combination (the “Closing Date”) and (ii) after the Closing Date, (x) if the last sale price of the Class A Shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any twenty (20) trading days within any thirty (30) trading day period commencing at least one hundred fifty (150) days after the Closing Date or (y) the date on which SPAC completes a liquidation, merger stock exchange or other similar transaction that results in all of SPAC’s stockholders having the right to exchange their Class A Shares for cash, securities or other property.
Sample 1
Initial Milestone means the receipt by Medgenics' adenovector production lab in Texas of the first plasmid containing an expression cassette including the hFVIII gene. If and when Medgenics achieves the target in vitro performance milestone as set forth in the Development Plan (the “In Vitro Milestone”), Medgenics shall deliver written notice to Baxter of such achievement. Within forty-five (45) days of the delivery of the notice regarding the achievement of the In Vitro Milestone, Baxter shall make a payment to Medgenics in the amount of Two Hundred Fifty Thousand Dollars ($250,000) (the “In Vitro Milestone Payment”). If and when Medgenics achieves the target animal performance milestone as set forth in the Development Plan (the “Animal Milestone”), Medgenics shall deliver written notice to Baxter of such achievement. Within forty-five (45) days of the delivery of the notice regarding the achievement of the Animal Milestone, Baxter shall make a payment to Medgenics in the amount of Two Hundred Fifty Thousand Dollars ($250,000) (the “Animal Milestone Payment”). The In-Vitro Milestone Payment and the Animal Milestone Payment shall be non-refundable and non-creditable.
Sample 1

Examples of Initial Milestone in a sentence

  • For each Progress Schedule iteration, slippage between actual Milestone Dates and Initial Milestone Dates will be correlated to Delays occurring solely in that iteration.

  • The Chief Executive Officer of the Company shall deliver to Schering at the Initial Milestone Closing a certificate certifying that the conditions specified in Sections 4.1(a), 4.1(b), and 4.1(c) hereof have been fulfilled and stating that there has been no Material Adverse Change in the Company since January 1, 1995.

  • The representations and warranties of the Company contained in Section 2 above shall be true on and as of the Initial Milestone Closing Date with the same effect as though such representations and warranties had been made on and as of the Initial Milestone Closing Date.

  • The Company shall have performed and complied with all agreements, obligations, and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Initial Milestone Closing Date.

  • However, under Regulation V, the FACT ACT, we may report late or missed payments to credit reporting agencies.

  • Schering shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Initial Milestone Closing Date.

  • All corporate and other proceedings in connection with the transactions contemplated at the Initial Milestone Closing and all documents incident thereto shall be reasonably satisfactory in form and substance to Schering and Schering's counsel, and they shall have received all such counterpart original and certified or other copies of such documents as they may reasonably request.

  • For each Progress Schedule iteration, slippage between actual Milestone Dates and Initial Milestone Dates will be correlated to Delays occurring solely in that iteration.2. For each iteration, revisions in Activities, logic ties and restraints affecting Work after the closing date will be included in that Progress Schedule only if they meet any of the following conditions.

  • All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required for consummation of the transactions contemplated by this Agreement shall have been duly obtained, including, without limitation, the expiration or earlier termination of any notice and waiting period under the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended, and shall be effective on and as of the Initial Milestone Closing Date.

  • If Cempra defaults in the making of any payment as and when due hereunder (including without limitation the payment the Initial License Fee, any Research Funding Payment, any Initial Milestone Payment, Second License Fee or Royalty Payment) MP shall have the right to terminate this Agreement by written notice to Cempra if such non-payment is not cured within thirty (30) Business Days of written notice given by MP to Cempra specifying such non-payment.


More Definitions of Initial Milestone

Initial Milestone consisting of the following events: 40%
Sample 1
Initial Milestone means the initial Public Offering.
Sample 1
Initial Milestone means the completion of the Building foundation.
Sample 1
Initial Milestone and “Initial Milestones” have the meanings set forth in Section 1(b).
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Related to Initial Milestone

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

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

  • 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.

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

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

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

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

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

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

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

  • 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.

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

  • 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.

  • 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;

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

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

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

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Initial Indication means the use of a Product for the treatment of opioid addiction.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.