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 set forth in Section 2.7(c) herein.
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Examples of Milestone Payment 2 in a sentence

  • If Research Regulatory Event (3) for a given Research Compound is achieved without triggering Research Compound Milestone Payment (2) for the same Research Compound, then PFIZER shall pay to XXXXX both Research Compound Milestone Payments (2) and (3) on the date that Research Compound Milestone Payment (3) is due for such Research Compound.

  • 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.

  • In the event that Registration for the Product in the U.S. is denied by the FDA, whose decision shall be binding, after FDA's acceptance of the filing and payment by DUSA of Milestone Payment 2, PN shall, within [ * ] days of receipt of written notice from DUSA of such denial, refund to DUSA [ * ], as well as the costs of any additional preclinical or clinical trials undertaken by DUSA as set forth in Section 7.2, [ * ], up to a total of [ * ].

  • If Company terminates this Agreement under this Section 12.5 due to Distributor’s failure to maintain the Distributor Approvals, then Initial Milestone Payment 2 and Milestone Payment 2 shall not be adjusted or refunded and no Minimum Purchase Requirement or True-Up Payment obligations shall apply to such sixty (60) day period (but shall apply with respect to prior periods on a pro rata basis).

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  • Milestone Payment 2 funds and payment will be in addition to any retention associated with the Defects Liability Period or any other retention funds.

  • Unless the Milestone Payment 2 has been earned and paid out to the Members previously, Parent covenants that the Achievement of Milestone 2 shall be determined by January 31, 2009 and written notice of such Achievement or non-Achievement of Milestone 2 shall be provided, with reasonable detail supporting such determination, to the Member Representative by January 31, 2009.

  • Collectively Milestone Payment 1, Milestone Payment 2, Milestone Payment 3, Milestones Payment 4 and Milestone Payment 5 are referred to herein as “Milestone Payments”.

  • 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.

  • Custodial Care includes those services which do not require the technicalskills, professional training and clinical assessment ability of medical and/or nursing personnel in order to be safely and effectively performed.


More Definitions of Milestone Payment 2

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. 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 Notification Date has the meaning given to it in clause 10.5(a)
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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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Related to Milestone Payment 2

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

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • 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 8.2.1.

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

  • Development Milestone is defined in Section 5.3.

  • Milestone Events has the meaning set forth in Section 7.2.

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

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • 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.

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

  • License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;

  • 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 “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 [***].