Examples of Milestone Date in a sentence
If (1) the Milestone is not met by the Final Milestone Date and the Second Condition Precedent has been satisfied at an earlier date, or (2) the Second Condition Precedent is not met by the Second Long Stop Date and the Milestone has been achieved by the Final Milestone Date, the Investors holding jointly not less than 75% of the shares in Promethera Therapeutics may nevertheless decide for all Investors to proceed to the Second Instalment.
If either the Milestone or the Second Condition Precedent is not met (or neither is met) by the Final Milestone Date or the Second Long Stop Date, Lenders shall be free to decide whether to exercise its contribution right and to fully pay up its part of the Second Loan Tranche.
Any decision to proceed to the Second Instalment must be taken within two months as from the Final Milestone Date or the Second Long Stop Date and shall be binding upon each of the parties to the Investment and Shareholders Agreement, i.e. the Investors who vote against the acceleration of the Second Instalment shall be obliged to invest their share in the Second Instalment.