Milestone Payment 2 definition

Milestone Payment 2 has the meaning set forth in Section 3.1.3.
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Milestone Payment 2 has the meaning set forth in Exhibit A.
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Milestone Payment 2 has the meaning given in paragraph 3.5(b) of Schedule 6 (Grant Funding and Payments) Modify means to add to, enhance, detract, reduce, change, replace, vary, deprive or improve. Modification and Modified shall be construed accordingly New Materials means all materials (including any specifications, designs, software, user guides and works) and any Modifications to such materials, conceived, designed, prepared or created by, for or on behalf of the Supplier prior to or during the Term (whether directly or through third parties) pursuant to this Call Off Agreement or arising out of the provision of the Services Notification Date has the meaning given to it in clause 10.5(a)
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Examples of Milestone Payment 2 in a sentence

  • When necessary, for example if BP is too high, the individuals are referred to the medical doctor at the sanatorium or the PHC.

  • Where the expectation is different from the original estimate, such difference will impact the carrying amount of trade and bills receivables and the impairment losses on receivables in the period in which such estimate is changed.

  • Payment for the works associated with this project will be split into two separate payments as specified in each EnPC: Milestone Payment 1 and Milestone Payment 2.

  • If the Reimbursement Rate set in the 1st Reimbursement Revision Approval during the Company MHLW Lead Period is at least [*], then Milestone Payment 2 shall be calculated using the Reimbursement Rate set in the 1st Reimbursement Revision Approval.

  • If a Party terminates this Agreement under this Section 12.6.2, then this Agreement shall terminate one (1) year from the date of the Party’s written notice of termination and, for the avoidance of doubt, no Minimum Purchase Requirement shall apply during the Distributor 1st MHLW Lead Period or such one (1) year period and no adjustment or refund shall be made to Milestone Payment 2 already paid.

  • Payment of either A$1.25M in cash or A$1.4M in Shares at Terrativa’s election, contingent on the Company’s market capitalisation exceeding A$100M for over 90 days in any 6-month period during the course of 36 months from the closing date for the Jaguar Transaction, being 8 April 2020 ( Milestone Payment 2).

  • The background relating to the proposed issue of the Milestone Payment 2 Shares to Terrativa is detailed in Section 3.1.The requirements of Listing Rule 7.1 are set out in Section 1.2 above.

  • Subject to 7.7 and 7.8 (which applies in respect of Milestone Payment 2 only) the final date for payment shall be 5 Business Days from the due date for payment (determined in accordance with 7.5 and 7.7).

  • If a Party timely provides its notice of termination under this Section 12.7.2, then this Agreement shall terminate one (1) year from the date of the Party’s written notice of termination and, for the avoidance of doubt, Milestone Payment 2 shall be calculated and paid as set forth in Sections 3.1.6(a) and 3.1.7, and no Minimum Purchase Requirement or True-Up Payment obligations shall apply during such one (1) year period (but shall apply with respect to prior periods).

  • If the Reimbursement Rate set in the 1st Reimbursement Revision Approval during the Company MHLW Lead Period is less than [*] and Distributor makes the Distributor 2nd MHLW Lead Election under Section 4.1.4, then Milestone Payment 2 shall be calculated using [*] as the Reimbursement Rate.


More Definitions of Milestone Payment 2

Milestone Payment 2. [*] [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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Milestone Payment 2 has the meaning set forth in Section 2.7(c) herein.
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Related to Milestone Payment 2

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

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

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

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

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • 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 Event has the meaning set forth in Section 8.4.

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

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

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

  • Development Milestone Event shall have the meaning set forth in Section 9.2(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.

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

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

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • 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.

  • Royalty Payment has the meaning set forth in Section 6.1.

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

  • Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Sublicense Revenue means any payments or other consideration that CTI 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 GTX’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. 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 odinary course of business.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Upfront Payment has the meaning set forth in Section 4.1.