Milestone Three definition

Milestone Three means, with respect to any Project, the day on which the “permission to operate” notification for such Project is executed (as certified by the Borrowers in a Borrowing Base Certificate).
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Milestone Three has the meaning ascribed thereto in Section 4(C).
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Milestone Three means the earlier to occur of (i) the completion by Quintiles or an appropriate Affiliate of a written assessment and report in customary form indicating the "approvability" by the FDA of Borrower's NDA for the Product for either the IRDS indication or the indication known as meconium aspiration syndrome ("MAS"), which shall include without limitation an assessment and report as to the quality of the documentation comprising such NDA and the clinical data included in such NDA, or (ii) the issuance by the FDA of a letter in customary form indicating that Borrower's NDA for the Product is "approvable" with respect to Borrower's NDA for either the IRDS indication or the MAS indication.
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Examples of Milestone Three in a sentence

  • For purposes of clarity, there is only a single Milestone Three payment for each lead type, regardless of FDA approval for multiple lead designs of a single lead type.

  • If Stem fails to satisfy Milestone Two within 180 days of January 30, 2019, or if Stem fails to satisfy Milestone Three within 180 days of January 30, 2020, ORAJV, Gated, and Kind Care may, but are not obligated to, terminate their obligations under this Section 6.

  • Notwithstanding any availability limitations set forth in this Article II, at all times prior to the Milestone Three Achievement Date, the Borrower may request the issuance of Letters of Credit under this Section 2.03(1) in an aggregate maximum undrawn amount of up to $50,000,000; provided that upon the occurrence of the Milestone Three Achievement Date, any L/C obligation shall be charged against the Revolving Credit Facility.

  • If either Milestone Two or Milestone Three is not met by the applicable specified dates, ORAJV, Gated and Kind Care may, but are not obligated to, terminate Stem’s right of first refusal in Section 3.

  • For the avoidance of doubt, the minimum payment due upon achievement of Milestone Three shall be $[**] million.

  • Milestone Three - Three (3) months after first approval for commercialization in any major market (United States, Germany, France or Japan): Five hundred thousand dollars ($500,000).

  • Notwithstanding the foregoing, each of Milestone Two and Milestone Three will be excused and Stem’s right of first refusal will remain in full force and effect for so long as rental income from all New Stem Real Properties does not equal or exceed an annualized $1,200,000 during any calendar quarter commencing on or after December 1, 2017 (the “First Quarter Achievement Threshold”).

  • Milestone One is when a target is generated and the lease acquired; Milestone Three is when a bedrock drill target has been identified; Milestone Four is an Inferred Resource and Milestone Six an Ore Reserve.

  • Shown below is our Updated Milestone Three Year Scenario: Updated Midpoint of Roughly Right Ranges Shown on Key Dates(2) Except for October 272019A2020202120223 YearFeb.

  • Added capital gains appreciation expected over a longer term will additionally benefit preneed funeral and cemetery contracts and has the potential to provide upside to our Milestone Three Year Scenario,” concluded Mr. Brink.


More Definitions of Milestone Three

Milestone Three means the achievement by the Company (to the reasonable satisfaction of the Trust) of Milestone Three as described in Schedule 6;
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Milestone Three means AeroFlexx, LLC having received in excess of $15 million in revenue within seven (7) years following the Closing.
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Milestone Three means, with respect to any Project, the day on which the “permission to operate” notification for such Project is executed (as certified by the Borrower in a Borrowing Base Certificate). “Milestone Two” means, with respect to any Project, the day on which the following has occurred (as certified by the Borrower in a Borrowing Base Certificate): the Project has reached Substantial Completion. “Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.13(a)(i), (a)(ii), (a)(iii) or (a)(iv), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Collateral Agent and the L/C Issuer in their sole discretion. “Minimum Credit Rating Requirement” means (i) in the case of Illinois Governmental Payments the state general bond obligation rating of at least BBB- from Standard and Poor’s Rating Group, BBB- from Fitch Ratings or Baa3 from Moody’s, (ii) in the case of any other Direct Payment Obligor, the state general bond obligation rating or equivalent long term issuer credit rating of at least A- from Standard and Poor’s Rating Group, A- from Fitch Ratings or A3 from Moody’s or (iii) such other general bond obligation rating satisfactory to the Administrative Agent in its sole discretion. “Minimum Discount Rate” means, as of any date of determination, the discount rate used to determine “Aggregate Discount Solar Asset Balance” in the most recent ABS transaction sponsored by the Borrower (as set forth in presale report prepared by the rating agency rating the securities issued in such ABS Transaction or in the final offering materials for such ABS transaction, a copy of the relevant portions of either of which has been provided to the Administrative Agent); provided, that (a) if no such ABS transaction has occurred within the 6- month period immediately preceding such date of determination, the Minimum Discount Rate shall, until the next such ABS transaction occurs, be deemed to be the blended weighted average cost of capital for the Borrower and i...
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Milestone Three means distributions by the Liquidating Trust to the holders of Class A Trust Units totaling in the aggregate an amount equal to one hundred percent (100%) of the face amount of such Class A Trust Units outstanding on the date of the last such distribution.
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Milestone Three means Accelr8 having created an aggregate of 40 Qualified Jobs (including Qualified Jobs under Milestone One and Milestone Two);
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Milestone Three means [...***...].
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Related to Milestone Three

  • 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 Date means the date set against the relevant Milestone in the Implementation 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 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 Event shall have the meaning set forth in Section 9.2(a).

  • 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 Event has the meaning set forth in Section 8.4.

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

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

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

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

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

  • 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 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;

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

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

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

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

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

  • Third Target Distribution means $0.5250 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.5250 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • First Target Distribution means $0.4025 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4025 multiplied by a fraction of which the numerator is the number of days in such period, and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;