Milestone Closing definition

Milestone Closing has the meaning set forth in Section 2.2(b).

Milestone Closing means the First Milestone Closing, Second Milestone Closing, Third Milestone Closing or Fourth Milestone Closing, as applicable.

Milestone Closing means the closing of the sale of Series A Preferred Stock in accordance with Section 1.3 of the Purchase Agreement.

Examples of Milestone Closing in a sentence

• To avoid doubt, if the Milestone Closing has not occurred, the vesting of the shares subject to the Milestone Option Grant shall not be subject to acceleration as described in the preceding sentence.

• In the event that the Milestone Closing does not occur prior to September 15, 2020 (eighteen (18) months following the Initial Closing (as defined in the Purchase Agreement), then the Milestone Option Grant shall be forfeited in its entirety.

• The representations and warranties of Schering contained in Section 3 shall be true on and as of the EU Milestone Closing Date with the same effect as though such representations and warranties had been made on and as of the date of the EU Milestone Closing Date.

• The Company shall have performed and complied with all agreements, obligations, and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Initial Milestone Closing Date.

• The Company shall have performed and complied with all agreements, obligations, and conditions contained in this Agreement that are required to be performed or complied with by it on or before the EU Milestone Closing Date.

More Definitions of Milestone Closing

Milestone Closing has the meaning specified in Section 3.03(a).

Milestone Closing means the closing of the sale and purchase of the Milestone Shares.

Milestone Closing shall have the meaning set forth in the Series A Purchase Agreement.

Milestone Closing. Transactions at Milestone Closings. 3.4.1. The closings of the transactions contemplated in Section 2.3 above will take place at closings to be held remotely via the exchange of documents and signatures within thirty (30) business days following the occurrence of any of the Milestone Closings. 3.4.2. At each Milestone Closing, the following transactions shall occur, which transactions shall be deemed to take place simultaneously and no transaction shall be deemed to have been completed or any document delivered until all such transactions have been completed and all required documents delivered: 3.4.2.1. Validly executed share certificates dated as of the respective Milestone Closing date covering the respective Milestone Closing Shares; and 3.4.2.2. A copy, duly certified by an officer of the Purchaser dated as of the Milestone Closing date, of the Purchaser’s shareholders register, reflecting the registration by the Purchaser of the issue of the respective Milestone Closing Shares. 3.4.2.3. Seller, or the liquidator of the Seller, shall advise Purchaser in writing to whom to distribute the Milestone Shares.

Milestone Closing has the meaning ascribed thereto in Clause 2.1.4

Milestone Closing means the optional Closing which shall occur if exercised by the Purchaser in accordance with the terms and conditions of Section 1.1(a).

Milestone Closing has the meaning set forth in the Issuance Agreement.