Milestone Payments definition

Milestone Payments has the meaning set forth in Section 4.2.

Milestone Payments means the portion of the Investment allocated to a Milestone as described in the Milestone, Reporting and Payment Schedule attached as Schedule D;

Milestone Payments means, collectively, the Development Milestone Payments and Sales Milestone Payments.

Examples of Milestone Payments in a sentence

• As a material inducement for Licensor to enter into this Agreement, Licensee shall pay to Licensor the Development Milestone Payments, if any, pursuant to Exhibit B hereto (the “Development Milestone Payments”).

• As a material inducement for Licensor to enter into this Agreement, Licensee shall pay to Licensor the Sales Milestone Payments, if any, pursuant to Exhibit C hereto based on Net Sales of Licensed Products (the “Sales Milestone Payments”, and, together with the Development Milestone Payments, the “Milestone Payments”).

• As of the Closing Date, except as set forth on Schedule 5 hereto, no Loan Party is obligated to make Royalty and Milestone Payments in excess of $250,000 in the aggregate per fiscal year.

• Unless otherwise expressly provided in an Exhibit hereto, Licensee shall make any milestone and royalty payments owed to Licensor hereunder in arrears, within forty-five (45) days from the end of each calendar year in which the Net Sales giving rise to such payments are received by Licensee, or with respect to Milestone Payments, within forty-five (45) days of the date when the applicable milestone was achieved.

• Notwithstanding the foregoing, for milestones 1, 2, 3, and 4 of Exhibit B, certain Development Milestone Payments would be payable one additional time for achieving such milestones with respect to any Second Licensed Product, and for the avoidance of doubt, the total Development Milestone Payments that could become payable for such milestones under this Agreement in any such event is * dollar ($*) in the aggregate.

More Definitions of Milestone Payments

Milestone Payments has the meaning set forth in Section 7.2.1.

Milestone Payments shall have the meaning set forth in Section 6.2 hereof.

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

Milestone Payments shall have the meaning given in Section 3.1(b).

Milestone Payments means payments under intellectual property licensing agreements based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

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 Payments means payments made under contractual obligations existing during the period of twelve months ending on the Effective Date or contractual obligations arising thereafter, in each case in connection with any Permitted Acquisition, Drug 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).