Milestone Expiration Date definition

Milestone Expiration Date means [*].

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Milestone Expiration Date means December 31, 2030.

Milestone Expiration Date shall have the meaning set forth in Section 2.6(f).

Examples of Milestone Expiration Date in a sentence

If the Target Revenue for either of the Third Milestone or the Fourth Milestone is not achieved by the applicable Milestone Expiration Date, then Parent shall conduct a one-time lookback no later than ninety (90) days after December 31, 2030 to determine if any Target Revenue Excess Amount exists.
If any Carve-Out Transaction is consummated with a Person and such Person does not assume all of Parent’s obligations, duties and covenants hereunder, Parent shall retain all such obligations, duties and covenants hereunder; provided, for the avoidance of doubt, any Gross Revenue of such Person who acquired the Company Systems prior to the applicable Milestone Expiration Date shall be included the Gross Revenue calculation for as of the applicable Milestone Expiration Date pursuant to this Agreement.
Parent shall, and shall cause its Subsidiaries to, keep records in sufficient detail to enable the Holders and their consultants or professional advisors to determine the amounts payable hereunder (including books and records in sufficient detail to enable the calculation of Gross Revenue as of the applicable Milestone Expiration Date).

More Definitions of Milestone Expiration Date

Milestone Expiration Date means December 31, 2029.

Milestone Expiration Date means the date that is fifteen (15) years after the Closing Date; provided, that if the achievement of the Phase 3 Milestone (as defined in Annex A) occurs on or prior to such fifteenth (15th) year anniversary of the Closing Date, the Milestone Expiration Date shall mean the date that is twenty (20) years after the Closing Date.

Milestone Expiration Date means each of the First Milestone Expiration Date, Second Milestone Expiration Date, Third Milestone Expiration Date, Fourth Milestone Expiration Date, Fifth Milestone Expiration Date.

Milestone Expiration Date means (i) with respect to the Milestone Events titled “Marketing Authorization Approval for a [REDACTED] Milestone Product” and “Marketing Authorization Approval for a [REDACTED] Milestone Product”, the date that is seven (7) years after the date of this Agreement, and (ii) with respect to the Milestone Event titled “Marketing Authorization Approval for an Other Milestone Product”, the date that is eleven (11) years after the date of this Agreement.

Milestone Expiration Date means the fifth anniversary of the Closing Date.

Milestone Expiration Date pay to Seller an amount of cash (in United States dollars of immediately available funds) or common stock, par value $0.001 per share, of Purchaser (“Purchaser Common Stock”) (the form of payment of which is to be determined in the sole discretion of Purchaser), equal to the First Milestone Payment, Second Milestone Payment, Third Milestone Payment, Fourth Milestone Payment, Fifth Milestone Payment and/or Sixth Milestone Payment, as applicable (the “Applicable Milestone Payment”) and each Milestone shall be independent of each other Milestone and may be satisfied and payment become due therefore regardless of non-satisfaction of any other Milestone; provided, however, that (i) if Purchaser elects to issue shares of Purchaser Common Stock in respect of any Applicable Milestone Payment, then prior to such issuance and upon request by the Purchaser, Seller shall deliver to Purchaser such representations and warranties as Purchaser shall reasonably request for purposes of exempting the issuance of such shares from the registration requirements of the Securities Act, and (ii) if Purchaser elects to issue shares of Purchaser Common Stock in respect of any Applicable Milestone Payment, the number of shares of Purchaser Common Stock to be issued shall be equal to the Applicable Milestone Payment divided by the Purchaser Common Stock Value. The obligations of Purchaser under this Section 1.5(a) are subject to the provisions of Section 1.5(c) below (regarding Purchaser’s Rights of Set-Off). For avoidance of doubt, in no event shall the sum of all Applicable Milestone Payments made by Purchaser to Seller under this Section 1.5 exceed Fifty Million Dollars ($50,000,000) (the “Maximum Milestone Amount.