Milestone Achievement definition

Milestone Achievement means, in respect of a Milestone, the stage in the execution of the CIDS/ODS Contractor's Activities when the specified parts of the Works as set out in Table 2 of Schedule 3 have achieved the level of completion required for that Milestone in Table 2 of Schedule 3 except for any Accepted Defects.
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Milestone Achievement means a certificate materially in the form of the Certificate" document contained in Appendix 4 of Schedule 6.1 (Implementation Planning) issued by the DCC pursuant to Paragraph 2.1 of Part B of Schedule 6.1 (Implementation Planning);
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Milestone Achievement means eight million Unique Visitors to the Sites during any one calendar month on or before December 31, 2017. If the Surviving Corporation meets the Milestone Achievement at any time on or before December 31, 2017 (which for clarity, includes December 31, 2017), then 100% of the Milestone Escrow Shares shall be released from the Escrow Agreement, after the Indemnification Period. As and when during the Milestone Escrow Period, the Surviving Corporation receives Unique Visitors, then the Milestone Escrow Shares shall be released pursuant to the following high water m▇▇▇ release schedule. 1,000,000.00 13 % 2,000,000.00 25 % 3,000,000.00 38 % 4,000,000.00 50 % 4,500,000.00 56 % 5,000,000.00 63 % 5,500,000.00 69 % 6,000,000.00 75 % 6,250,000.00 78 % 6,500,000.00 81 % 6,750,000.00 84 % 7,000,000.00 88 % 7,100,000.00 89 % 7,200,000.00 90 % 7,300,000.00 91 % 7,400,000.00 93 % 7,500,000.00 94 % 7,600,000.00 95 % 7,700,000.00 96 % 7,800,000.00 98 % 7,900,000.00 99 % 8,000,000.00 100 % Any Milestone Escrow Shares released from Escrow Agreement shall remain subject to the Shareholders Escrow Shares, if and to the extent then applicable. The following examples are intended to clarify the above schedule. If in any calendar month during Milestone Escrow Period, the Surviving Corporation has 6 million Unique Visitors to its Sites, then after the end of the Indemnification Escrow Period, 75% of the Milestone Escrow Shares shall be released from the Remedy Fund. If after having receiving 6 million Unique Visitors in a calendar month, the Surviving Corporation then has 7 million Unique Visitors in a calendar month (which is a new high water m▇▇▇), then after the end of the Indemnification Escrow Period, a total of 88% of the Milestone Escrow Shares should be released from the Remedy Fund. Since 75% of the Milestone Escrow Shares have already been released from the Remedy Fund, an additional 13% of the Milestone Escrow Shares shall then be released.
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Examples of Milestone Achievement in a sentence

  • On successful completion the Authority will issue a Milestone Achievement Certificate.

  • The Milestone Achievement Criteria below shall be in addition to the documentation required to be provided by Contractor in accordance with Article 7 of the Agreement.

  • No estoppel or waiver shall arise as a result of the issue of any Milestone Achievement Certificate.

  • The Purchaser will grant a Milestone Achievement Certificate when all Tests relating to a Milestone have been completed and, subject to clause 24.3 (Rectification Plan), the Purchaser has issued Test Certificates in respect of all of the Tests relating to that Milestone.

  • Notwithstanding the issuing of any Test Certificate, Milestone Achievement Certificate, and/or conditional Milestone Achievement Certificate (including the Milestone Achievement Certificate in respect of Authority to Proceed), the Service Provider shall remain solely responsible for ensuring that: the Services meet the requirements of this Contract; the Services are implemented in accordance with this Contract; and each Service Level is met from the relevant Operational Service Commencement Date.

  • The Purchaser shall issue Test Certificates and grant Milestone Achievement Certificates without unreasonable delay.

  • In the event of an inadequate response to the Purchaser’s report from the Service Provider, the Purchaser (acting reasonably) may withhold a Test Certificate (and consequently delay the grant of a Milestone Achievement Certificate) until the issues in the report have been addressed to the reasonable satisfaction of the Purchaser.

  • The Test Success Criteria for the Milestone Achievement Certificates have been agreed by the Parties prior to the Commencement Date and are set out in Annex 4 to this Schedule.

  • Claims for payment should be submitted by the Recipient to the Funds Manager and accompanied by a Payment Milestone Achievement Certificate (see Annex A), approved by the Centre Director and signed by the Administrative or Finance Officer of the Recipient.

  • Notwithstanding the issuing of any Milestone Achievement Certificate, the Supplier shall remain solely responsible for ensuring that the Supplier Solution as designed and developed is suitable for the delivery of the Deployed Services and that the Deployed Services are delivered in accordance with the terms of this Contract.


More Definitions of Milestone Achievement

Milestone Achievement means eight million Unique Visitors to the Sites during any calendar month at any time during the Milestone Escrow Period.
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