Milestone Trigger definition

Milestone Trigger means the First Milestone Trigger, Second Milestone Trigger, Third Milestone Trigger or Fourth Milestone Trigger, as applicable.
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Milestone Trigger with respect to a Milestone Payment shall mean (x) in the case of a Milestone Payment referred to in Section 6.3(a)(i), ****************************************, as the case may be, with respect to such Product and (y) in the case of a Milestone Payment referred to in Section 6.3(a)(ii) or (iii), the establishment and approval by the Committee of ************************* with respect to such Product, provided, that the effectiveness of such establishment and approval of ************************* as a Milestone Trigger shall be conditioned upon Dermion's continued cooperation and provision of assistance to Ciba (to the extent reasonably requested by Ciba) in connection with the ********************************************* with respect to such Product.
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Milestone Trigger with respect to a Milestone Payment shall mean (x) in the case of a Milestone Payment referred to in Section 6.3(a)(i), ****, as the case may be, with respect to such Product and (y) in the case of a Milestone Payment referred to in Section 6.3(a)(ii) or (iii), the establishment and approval by the Committee of **** with respect to such Product, provided, that the effectiveness of such establishment and approval of **** as a Milestone Trigger shall be conditioned upon Dermion's continued cooperation and provision of assistance to Ciba (to the extent reasonably requested by Ciba) in connection with the **** with respect to such Product.
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Examples of Milestone Trigger in a sentence

  • The provisions of this Section 5.2 shall be applicable if the Option Trigger Event is the Monterey Milestone Trigger Event.

  • Seller shall give Purchaser written notice within [***] ([***]) Business Days after the occurrence of each Milestone Trigger.

  • It will also be proper to describe new research issues or problems that emerge from the current study.

  • The Company shall provide written notice to Accuray promptly upon the occurrence of the Monterey Milestone Trigger Event.

  • Five hundred thousand dollars ($500,000.00) [REDACTED: Milestone Trigger].

  • The legal requirement that the family court should work towards an amicable agreement between the parties involved does not apply in matters relating to protection against violence.

  • In no event shall more than one Milestone Payment be due for any Milestone Trigger.

  • The closing of the purchase and sale of the Milestone Shares pursuant to this Agreement (the "MILESTONE CLOSING") shall be held on the fifth (5th) business day immediately following the occurrence of a Milestone Trigger (the "MILESTONE CLOSING DATE").

  • Upon termination of the development of any Product (whether pursuant to a termination of this Agreement or otherwise), Dermion shall thereafter be entitled to any Milestone Payment with respect to such Product only if the Milestone Trigger for such Milestone Payment is achieved within **** after the effective date of termination of such Product.

  • Critical care should also be involved in describing a monitoring and treatment strategy to determine the level of support that can safely be provided where a nurse is looking after more than two patients.


More Definitions of Milestone Trigger

Milestone Trigger means the commencement of the first Phase 3 Clinical Trial in any Major Market Country.
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Milestone Trigger is the event set forth in Section 6.2 of the Collaboration Agreement.
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Related to Milestone Trigger

  • Milestone Event has the meaning set forth in Section 8.2.1.

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

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

  • 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;

  • 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 Events has the meaning set forth in Section 7.2.

  • Development Milestone is defined in Section 5.3.

  • 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.

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

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

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

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

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

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

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

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

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

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • 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.

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.