Milestone 1 Payment definition

Milestone 1 Payment means a contingent payment equal to $0.20.

Milestone 1 Payment means an amount (rounded down to the nearest whole cent) equal to the greater of (a) the quotient obtained by dividing (i) Three Million Dollars ($3,000,000) less twenty-five percent (25%) multiplied by the Advisory Fee Deduction as of such time, and either (A) less the Adjustment Payment as of such time (if the Adjustment Payment is equal to or greater than zero) or (B) plus the absolute value of the Adjustment Payment as of such time (if the Adjustment Payment is less than zero) by (ii) the aggregate number of CVRs issued pursuant to the Merger Agreement and (b) zero, payable in cash, without interest thereon and subject to reduction for any applicable withholding Taxes in respect thereof.

Milestone 1 Payment means, for the applicable Earnout Year, a payment equal to $3,000,000 upon the achievement of Combined MIS Revenue of at least 90% of the 2014 Combined MIS Revenue Target or the 2015 Combined Revenue Company, as applicable.

Examples of Milestone 1 Payment in a sentence

• Actions in place to improve the rate of visits include a consistent recording system across teams, daily reporting of activity to push improvement up to 100%, mobile working to improve timeliness of recording and monitoring of individual employee performance.

• The Milestone 1 CVR represents the contingent rights of Holders to receive the Milestone 1 Payment, and the Milestone 2 CVR represents the contingent rights of Holders to receive the Milestone 2 Payment.

• The “ Milestone 1 Per Share Payment” means an amount equal to the quotient of (A) the Milestone 1 Payment minus the Advisor Fees divided by (B) the then-applicable Fully Diluted Share Number.

• Under the SPA the following milestone payments are payable as follows: Milestone payments Milestone conditions Milestone 1 Payment $300,000Definition of a JORC code compliance resource category of indicated or better of 500,000 troy ounces or more of gold or 500,000 troy ounces or more of gold is mined from within the tenements.

• Upon receipt of the Milestone 1 Payment, Licensor shall deliver the Technology to Licensee in accordance with Exhibit B.

More Definitions of Milestone 1 Payment

Milestone 1 Payment has the meaning set out in Clause 3.3.1.

Milestone 1 Payment means with respect to the achievement of Milestone #1, an amount per CVR equal to $[●] in cash, without interest, in an aggregate amount of $4,000,000.

Milestone 1 Payment means an amount equal to $0.50 per CVR, payable in cash, without interest thereon and subject to reduction for any applicable withholding taxes in respect thereof.

Milestone 1 Payment means a contingent payment equal to $5,000,000.

Milestone 1 Payment shall have the meaning given to such term in Section 3(a).

Milestone 1 Payment shall be equal to the product of (a) 1.50 multiplied by (b) the difference between (x) Net Sales for the period from January 1, 2018 through December 31, 2018 (“2018 Net Sales”) minus (y) Net Sales for the period from January 1, 2017 through December 31, 2017 (“2017 Net Sales”); provided that in no event shall the Milestone 1 Payment be greater than $300,000,000; provided, further that if 2018 Net Sales are less than or equal to 2017 Net Sales, there shall be no Milestone 1 Payment (i.e., the Milestone 1 Payment shall equal $0). Notwithstanding the foregoing, the Milestone 1 Payment shall be subject to offset and reduction as provided for in Section 8.4(c).

Milestone 1 Payment has the meaning set forth in Section 1.11(a).