Milestone Achievement Notice definition

Milestone Achievement Notice has the meaning set forth in Section 2.4(a).
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Milestone Achievement Notice. In addition, commencing on the date that is [*] after the Closing Date, Purchaser shall, within [*] Business Days after the end of each [*] period following the Closing Date, deliver to the Seller a report regarding the status of each pending Milestone Event and the efforts undertaken to achieve each such Milestone Event during the reporting period (each such report, an “Update Report”); provided, however, that such Purchaser obligation to deliver any Update Report shall terminate at 11:59 p.m. (Pacific time) on the earlier to occur of (A) the date Milestone [*] is achieved; and (B) the [*] anniversary of the Closing Date. Within [*] Business Days after receipt of an Update Report, if the Seller has reasonable inquiries regarding the activities described in such Update Report, the Seller may request a meeting with employees of Purchaser with appropriate expertise and knowledge of the activities undertaken to achieve the Milestone Events to discuss such Update Report, and Purchaser shall make available for such a meeting such of its employees as Purchaser may reasonably deem appropriate, including an officer with operating responsibility for such activities.
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Milestone Achievement Notice is defined in Section 2.2(d).
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Examples of Milestone Achievement Notice in a sentence

  • The Rights Agent shall promptly (and in no event later than five (5) Business Days after receipt thereof by the Rights Agent) send to each Holder at its address set forth in the CVR Register a copy of the Milestone Achievement Notice and pay, in accordance with Section 2.4(b) and (c), to each Holder an amount in cash equal to the product of (i) the applicable Milestone Payment and (ii) the number of CVRs held by such Holder.

  • Parent shall cause the Rights Agent, on behalf of and at the expense of Parent, to mail with (or, in the case of payments made to Holders who have provided Parent with wire instructions, at the same time as) each payment made a copy of the Milestone Achievement Notice to which such payment relates.

  • Upon receipt of a Milestone Achievement Notice pursuant to this Section 3.1(a), the Escrow Agent shall promptly, without any further notice, action or deed, release and deliver to the Sole Stockholder or its designee, the number of Escrow Shares set forth in the Milestone Achievement Notice, and the remaining Escrow Shares applicable to such Term shall remain in the Escrow.

  • The Company shall have [**] days from receipt of Lonverk Limited’s Milestone Achievement Notice and valid invoice to pay any milestone amounts (“Milestone Payments”) in cash or through issuance of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), as applicable in accordance with Exhibit A-3, which [**] day period may be extended as mutually agreed to in writing by the Company and Lonverk Limited.

  • Upon receipt of a Milestone Achievement Notice from either Buyer, as contemplated in Section 3.2(a)(i), or from Seller, as contemplated in Section 3.2(a)(iii), Escrow Agent shall release and deliver the Escrow Shares as required by those Sections and neither Buyer nor Seller may request that Escrow Agent not release and deliver the Escrow Shares pending the outcome of any dispute that may arise between Buyer and Seller.

  • During the trading period of the rights, shareholders may opt for cash or new shares as explained above, as well as may opt for acquiring on market free-of-charge allocation rights to subscribe new shares.

  • The Company shall be required to give BSC prompt written notice of the achievement of each Milestone (each, a "Milestone Achievement Notice").

  • Upon receipt of a Milestone Achievement Notice pursuant to this Section 3.1(c), the Escrow Agent shall promptly, without any further notice, action or deed, release and deliver to the Sole Stockholder or its designee, the number of Escrow Shares set forth in the Milestone Achievement Notice, and the remaining Escrow Shares applicable to such Term shall remain in the Escrow.

  • Each Party shall notify the other Party in writing within [****] days following its achievement of any of the milestones in the table in Section 1.1.1 above (each such notice, a “Milestone Achievement Notice”), and Maxygen shall include an invoice with such Milestone Achievement Notice or shall send an invoice to Astellas upon receipt of such Milestone Achievement Notice, as appropriate.

  • Upon receipt of a Milestone Achievement Notice pursuant to this Section 3.2(a)(iii), the Escrow Agent shall promptly, without any further notice, action or deed, release and deliver to the Seller or its designee, the number of Escrow Shares set forth in the Milestone Achievement Notice, and the remaining Escrow Shares applicable to such Term shall be released back to Buyer to be cancelled.


More Definitions of Milestone Achievement Notice

Milestone Achievement Notice has the meaning specified in Section 1.16(d)(i).
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Related to Milestone Achievement Notice

  • 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.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

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

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

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

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

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Development Milestone is defined in Section 5.3.

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

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

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

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

  • Milestone Events has the meaning set forth in Section 7.2.

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

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

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

  • 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;

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

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

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.

  • 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").

  • Acceptance Criteria means the Specifications, goals, performance measures, testing results and/or other criteria designated by the Agency and against which the Deliverables may be evaluated for purposes of Acceptance or Non-acceptance thereof.