Milestone Payment 1 definition

Milestone Payment 1 has the meaning set forth in Section 1.1(a).
Sample 1Sample 2
Milestone Payment 1 has the meaning given to it in Exhibit H.
Sample 1Sample 2
Milestone Payment 1 has the meaning set forth in Section 3.1.2.
Sample 1Sample 2

Examples of Milestone Payment 1 in a sentence

  • First Calendar Year in which Aggregate Net Sales of Product in the Territory Exceed Milestone Payment 1.

  • Table 1 No. Development Milestone Event Development Milestone Payment 1.

  • Milestone 1: Initiation of the first Phase II Clinical Trial, or three (3) years from the Effective Date (whichever is the first to occur) Milestone Payment 1: One Hundred and Eighty Thousand dollars ($180,000.00) [*] [*] [*] [*] Each Milestone Payment is payable only once on the first occurrence on the specified Milestone.

  • Unless the Milestone Payment 1 has been earned and paid out to the Members previously, Parent covenants that the Achievement of Milestone 1 shall be determined on December 31, 2008.

  • By way of example, if all of the conditions set forth in this Section 9.3(c)(i)—(iv) are met and Zai makes a Regulatory Submission for the Lead Product in the PRC [*] after Regulatory Submission of the Lead Product in the U.S. (resulting in a total Reduction Amount of [*]), then [*] of the Reduction Amount shall first be applied to Milestone Payment 1 above, and the remaining [*] of the Reduction Amount shall then be applied to Milestone Payment 2 above.

  • Aggregated Net Sale of all Licensed Products in the Territory Milestone Payment 1.

  • Licensee shall make a non-refundable, non-creditable (except as permitted under Section 11.9) payment to Inhibrx within thirty (30) days of the first achievement of each of the milestone events identified in Table 1 and Table 2: Table 1: Clinical Milestones Milestone Number Milestone Event Milestone Payment 1 Initiation (i.e., first patient dosed) of the first Phase II Clinical Trial by Licensee, its Affiliates and/or Sublicensees for Licensed Product.

  • In addition to the payment set forth in Section 8.1, Licensee will pay the following one-time Development/regulatory milestone payments (the “Development/Regulatory Milestones”) to Licensor, each within thirty (30) days after the first achievement of each Development/Regulatory Milestone event indicated below: Development/Regulatory Milestone Event Milestone Payment 1.

  • Aggregate annual Net Sale of all Products in the Territory Milestone Payment 1.[*] [*] [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

  • Table 9.10.1 – Metagenomi Product Milestones Metagenomi Product Milestone Event Metagenomi Product Milestone Payment 1.


More Definitions of Milestone Payment 1

Milestone Payment 1 means $1,520,000 provided that, upon Achievement of Milestone 1, no more than an aggregate maximum of $1,900,000 will be paid under this Agreement and the CMS Merger Agreement.
Sample 1
Milestone Payment 1 has the meaning set forth in Section 2.7(b) herein.
Sample 1

Related to Milestone Payment 1

  • Milestone Payment has the meaning set forth in Section 4.2.

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

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Sales Milestone Payment is defined in Section 5.4.2.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • 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 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Event shall have the meaning set forth in Section 4.2.

  • 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.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

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

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

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

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Sublicense Revenue means any payments or other consideration that TGTX actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for TGTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents or CTI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the ordinary course of business.