Examples of Milestone Fee in a sentence
If the Fee is adjusted under subparagraph (d)(i) and a Milestone Fee Payment Schedule applies, then the Milestone Fee Payment Schedule will be adjusted on a pro rata basis: to be agreed between the parties; or failing agreement, determined by the Commonwealth's Representative.
Milestone Fee Payment Schedule Means the Milestone Fee Payment Schedule (if any) in the Fee Schedule, otherwise as adjusted in accordance with the Contract, setting out: the instalments in which the Fee is to be payable; and the Milestones which must be achieved by the Consultant for each instalment to become payable.
Each Performance Milestone Fee is due and payable within 30 days of Licensee’s achievement of the relevant milestone.
The Milestone Fee is only applicable to a Transaction (as defined in Section 1 above).
You agree, however, that the Milestone Fee is notcontingent upon closing a Transaction.