Milestone 3 definition

Milestone 3 means achievement of annual Net Sales of at least $55,000,000 during any calendar year ending on or before December 31, 2024.

Milestone 3. As regards profits arising from technological development occurred after the first field trial of the crop intended for commercial use, ***% of the profits correspond to THE COMPANY and ***% to CONICET and UNL shared equally, that is, ***% to CONICET and ***% to UNL. The Parties agree that the share of profits will be determined on a case by case basis, according to the stage of the technological milestone achieved at the moment the profit is made. Consequently, the share of profits on each crop may vary as THE COMPANY, directly or through a third party, contributes to the technological development and to the resulting milestones. THE COMPANY may commission CONICET and UNL additional activities to promote the technological development and milestones. In such case, an additional share in the Gross Benefits or other kind of compensation according to the scale and importance of the contribution shall be agreed upon.

Milestone 3 means the First Commercial Sale of an Acquired Product in any Major Market Country after receipt of Regulatory Approval for an Indication other than the Indication which resulted in the achievement of Milestone 2.

Examples of Milestone 3 in a sentence

• The terms of the deferred payments are summarized as follows: Milestone 1: payable upon announcement of a Preliminary Economic Assessment;Milestone 2: payable upon announcement of a Feasibility Study on the requisite properties; and Milestone 3: payable upon announcement of a positive construction decision.

• Milestone 3 Milestone 3 occurs upon the completion of mine construction as determined by the Board of Managers (projected to occur in August 2013).

• The Milestone 2 deliverables must be submitted when the project has achieved the status as listed in the table below, with the following exception: Projects may request NYSERDA’s advance approval to submit Milestone 2 deliverables when submitting Milestone 3 deliverables.

• Milestone 1: Milestone 2: Milestone 3: Milestone 4: Milestone 5: Final Acceptance NOTE TO AGENCIES: Contract performance security may be used as a performance assurance tool.

• Effective Date means the agreed date of completion of Milestone 3, in Schedule 4.

More Definitions of Milestone 3

Milestone 3 means the achievement of NDA Approval with respect to the Product in the First Indication.

Milestone 3 means the first instance in which the aggregate Product Sales in the United States during any Milestone Measuring Period equals or exceeds a total of one billion five hundred million dollars ($1,500,000,000); provided that the final Milestone Measuring Period with respect to Milestone #3 shall end on the seventh anniversary of the Reference Date.

Milestone 3 means, the first time that the Net Sales of the Company in any Calendar Year ending on or prior to the Milestone Deadline Date is equal to or exceeds $500,000,000.

Milestone 3 each mean the corresponding milestone event described in Exhibit 1.12.

Milestone 3 is amended by deleting it in its entirety and replacing it with the following:

Milestone 3 means the UPRR Phase 4B (SY 112) switch onto the new UPRR over I-70 bridge structure.

Milestone 3 has the meaning set out in Section 4.2(c);