Milestone 4 definition

Milestone 4 means the achievement of NDA Approval with respect to the Product in the Second Indication.

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Milestone 4 means, on or prior to the Milestone 4 Deadline Date, achievement of Net Sales of Zurzuvae equal to or exceeding $375,000,000 in the United States during a calendar year.

Milestone 4 means FDA approval of a BLA for FX201.

Examples of Milestone 4 in a sentence

• Upon receiving the Milestone 4 Notice, the Lenders shall pay to Borrower an amount equal to the Tranche 4 Draw Amount by wire transfer of immediately available funds to the account specified in such notice within three Business Days following receipt thereof.

• If Milestone 4 has not occurred on or before March 15, 2026 (the “Milestone 4 Deadline”), Borrower shall have no right to receive any portion of the Tranche 4 Loan, unless otherwise agreed in writing by ▇▇▇▇▇▇.

• Within three Business Days following the Milestone 4 Deadline, Borrower shall provide a written notice to Lender, in the form attached hereto as Exhibit A (the “Milestone 4 Notice”) stating the amount, if any, to be drawn by Borrower from the Tranche 4 Loan pursuant to this Section 2(a)(iv) (the “Tranche 4 Draw Amount”).

• If Milestone 3 has occurred and the Borrower determines, in its discretion, that it does not have enough cash at that time to cover the projected costs and expenses (as estimated by ▇▇▇▇▇▇▇▇, in its discretion) to reach Milestone 4 (the “Amount Needed for Milestone 4”), then Borrower shall be required to draw from the Tranche 3 Loan the difference between (A) the Amount Needed for Milestone 4 and (B) the amount of Borrower’s available cash at such time, up to the full amount of the Tranche 3 Loan.

More Definitions of Milestone 4

Milestone 4 has the meaning set forth in Section 5.1.2.

Milestone 4 means the first date on which Net Sales in any Calendar Year is equal to or exceeds one hundred million dollars ($100,000,000).

Milestone 4 means cumulative Net Sales of the Product Candidate exceeding one hundred million dollars ($100,000,000), but only if the foregoing Milestone is achieved no later than the Milestone Target Date.

Milestone 4 shall be reached when Titan completes all of the following: (A) Titan completes third deliverables required in Schedule A, each of which meets every corresponding requirement set out in Schedule A (“[Redacted] Prototype Deliverables”); and (B) Titan completes the technology transfer listed in Schedule B. Titan shall deliver to Medtronic the [Redacted] Prototype Deliverables, and any related documentation and testing results, no later than four (4) months from the later of (a) receipt by Titan of Payment 2, (b) receipt by Titan from Medtronic of all Materials required under Schedule A for Milestone 4, and (c) receipt by Titan from Medtronic of [Redacted].

Milestone 4 has the meaning set forth in Section 1.7(a)(iv).

Milestone 4. Noble Ave Closure at Forcemain Directional Drilling Pit: Full closure of Noble Road (Phase 2/Phase 3 Merge) must be re-opened within 28 calendar days of a full closure of the road.

Milestone 4 means the dosing of the last patient in Cohort 1 of the Study.