Milestone Extension definition

Milestone Extension shall have the meaning given to it in Clause 2.4;
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Examples of Milestone Extension in a sentence

  • Upon Project completion and prior to the Reservation Expiration Date, the completed Incentive Claim Form must be submitted along with all of the necessary documentation to request an incentive payment.3.5 RFP and Proof of Project Milestone Extension In general, no extensions to the Proof of Project Milestone Date are permitted.

  • Upon the expiry of a Milestone Extension, the Trust shall, at its sole discretion, decide whether or not to permit full or partial payment of the relevant Tranche of funding to PTC.

  • If Company determines that it will be unable to achieve a Performance Milestone, Company will so notify University in advance of the Performance Milestone Date, Company may request a Performance Milestone Extension (as described below) or, providing Company demonstrates it is diligently pursuing development and commercialization of at least one Licensed Product, Company may request that the Parties negotiate an appropriate new Performance Milestone and/or related Performance Milestone Date in good faith.

  • Upon the occurrence of a Case Milestone Extension, the Administrative Agent (acting on behalf of the Required Lenders) shall deliver a completed version of Annex III hereto to the Borrower.

  • If Seller fails in any material respect, as reasonably determined by SCE, to: (i) meet the requirements of the Recovery Plan; (ii) make sufficient progress in effecting the Recovery Plan; or (iii) achieve completion of the missed Critical Path Development Milestone by the CPD Milestone Extension Date, such failure shall not be subject to a further attempt to cure.

  • Project documents indicate that two milestone extensions were granted due to challenges securing co-financing and political and personnel changes within the executing agency (2009 & 2010 Jordan Milestone Extension Requests).

  • Upon the occurrence of a Case Milestone Extension, the following shall be deemed the Case Extension Availability Amount for all purposes under this Agreement: $[_________________] dollars.

  • If Buyer exercises a termination right pursuant to this Section 6(e) and Seller believes that the Milestone was achieved by the appropriate date (as extended by the Milestone Extension Period), the parties agree to submit the dispute concerning Seller's failure to achieve that particular Milestone, and Buyer's resulting right to terminate the Lease, to binding arbitration pursuant to the provisions of Section 16.

  • In the event of a dispute between the Parties regarding the achievement of a Milestone the Trust shall grant a Milestone Extension for the duration of the resolution of the Dispute.

  • For the sake of clarity, this amendment does not trigger Section 20.1 Milestone Extension Option, and the milestone extension fee of $[**] is not due.

Related to Milestone Extension

  • Milestone Event has the meaning set forth in Section 8.4.

  • 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 Payment has the meaning set forth in Section 7.2.

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

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

  • 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.

  • Development Plan has the meaning set forth in Section 3.2.

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

  • Phase I Clinical Study means a human clinical study of a product, the principal purpose of which is a preliminary determination of safety in healthy individuals or patients, as described in 21 C.F.R. 312.21(a).

  • Phase III Clinical Study means a human clinical study of a product on a sufficient number of subjects that is designed to establish that such product is safe and efficacious for its intended use, and to determine warnings, precautions, and adverse reactions that are associated with such product in the dosage range to be prescribed, which trial is intended to support Regulatory Approval of such product, as described in 21 C.F.R. 312.21(c). 1.185. [***] 1.186. [***]