Milestone Price definition

Milestone Price means the Initial Market Price; provided, however, that if the VWAP over the five full Trading Days immediately following the Public Announcement is not at or above the Threshold Price, then the Milestone Price shall mean the Alternative Milestone Price; provided further, that each Purchaser may deem the Milestone Price to be the Initial Market Price in its sole discretion.
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Milestone Price means an amount equal to the average closing price of common stock of the Buyer on NASDAQ (as reported by BloombergL.P. or in another authoritative source mutually selected by the Buyer and the Company) for the period consisting of the five 6consecutive trading days ending with the complete trading day ending on the second Business Day prior to the Milestone being achieved.
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Milestone Price means the Initial Market Price; provided, however , that if the VWAP over the five full Trading Days immediately following the Public Announcement is not at or above the Threshold Price, then the Milestone Price shall mean the Alternative Milestone Price; provided further , that each Purchaser may deem the Milestone Price to be the Initial Market Price in its sole discretion.
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Examples of Milestone Price in a sentence

  • NSSF Reserves the right to validate the above documents from source.

  • New Police Radios-A quote has been received to replace/upgrade all police radios in order to be part of the First Responders System of Orangeburg County.A commitment has been made to the quote to insure the price of ($34,000), but Council is not ready or required to purchase at this time.Council Member Brandenburg stated American Rescue Funds may be used for the purchase.

  • In the event that the Milestone Price is the Alternative Milestone Price, the Stockholder Approval shall have been obtained on or before March 31, 2020.

  • If the Milestone is achieved, the Buyer will, subject to the limitation set forth in Section 2.6(b), have the election to issue the Milestone Shares, subject to the Requisite Approval, pay the equivalent value in cash, valuing such shares at the Milestone Price, or issue and pay a combination of Milestone Shares (subject to the Requisite Approval) and cash (valuing such shares at the Milestone Price) to the Sellers.

  • The measurement and value of such completed Work shall be determined in accordance with the Milestone Price Schedule, together with such supporting evidence as may be required by the Owner.

  • In the event the Milestone Price is the Alternative Milestone Price, the Company shall have filed the Class A-2 Certificate of Designation with the Secretary of State of the State of Delaware prior to the Milestone Closing.

  • Grover, M., Williams, C., Eisler, I., Fairbairn, P., McCloskey, C., Smith, G., .

  • Milestone Price is the Alternative Milestone Price, the Company shall have filed the Class A-2 Certificate of Designation with the Secretary of State of the State of Delaware prior to the Milestone Closing.

  • The hourly rate proposed for each staff person should be fully loaded and reflect an all inclusive cost, including staffing, desktop, telecommunications and office related costs, as well as travel and expenses.The Bidder shall complete Cost Table 2, which provides for a Fixed Milestone Price for deliverable based Milestone Payments associated with the Statement of Work described in sections 3.2 to 3.6 herein as well as for the Warranty Period described in section 3.7 herein.


More Definitions of Milestone Price

Milestone Price means the fair market value --------------- of the New Preferred Stock immediately following the Milestone Event as determined in good faith by the Board of Directors of the Company, provided that in no event will the Milestone Price be less than the price per share of the Preferred Stock issued (other than pursuant to a Non-Investor Issuance (as defined below) and as adjusted for stock splits, stock dividends and other similar transactions) immediately prior to the Milestone Event; and (iii) "New --- Preferred Stock" shall mean Series F Convertible Preferred Stock or, at the --------------- election of the Company, a new series of Preferred Stock containing rights, preferences and privileges which are substantially the same as those of the Series F Convertible Preferred Stock, except that the New Preferred Stock will not include a warrant to purchase shares of capital stock of the Company or any additional rights. In the event that the Milestone Price as calculated pursuant to this clause (b) is greater than the price per share of capital stock (the "Next Price") paid in the first issuance of capital stock by the Company (other than pursuant to a Non-Investor Issuance) immediately following the Milestone Event (either pursuant to a preferred stock offering or an Initial Public Offering, with such Next Price to be adjusted for stock splits, stock dividends or other similar transactions) (the "Subsequent Issuance"), then Purchaser shall be entitled to receive an additional amount of shares of New Preferred Stock at the time of the Subsequent Issuance equal to (x) minus (y), where (x) equals $500,000 divided by the Next Price and (y) equals the Milestone Shares. In the event that the Subsequent Issuance is a Qualified Public Offering (as defined in paragraph 6(O) of the Charter), the Company may, at its election, substitute shares of Common Stock for shares of New Preferred Stock due under this clause (b), with such substituted number of shares of Common Stock to be calculated on the same basis as set forth in paragraph 6 of the Charter.
Sample 1
Milestone Price means an amount equal to the average closing price of common stock of the Buyer on NASDAQ (as reported by Bloomberg L.P. or in another authoritative source mutually selected by the Buyer and the Company) for the period consisting of the five consecutive trading days ending with the complete trading day ending on the second Business Day prior to the Milestone being achieved.
Sample 1

Related to Milestone Price

  • 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 means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

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

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

  • 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.

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

  • Milestone Event has the meaning set forth in Section 8.4.

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

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

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

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

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

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

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

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

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

  • Target Price means the estimated amount payable to the Contractor for the performance of the Work under a Cost Plus Fixed Fee (CPFF) Contract.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Supply Price has the meaning set forth in Section 6.2.

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Royalty Rate means the percentage defined in Exhibit B.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.