Minimum Milestone definition

Minimum Milestone means the Harley Dome EBITDA generated (a) during the First Measurement Period exceeds $1,500,000, (b) during the Second Measurement Period exceeds $3,000,000 or (c) during the Third Measurement Period exceeds $4,500,000.
Sample 1
Minimum Milestone means the Harley Dome EBITDA generated (a) during the 2014 Measurement Period exceeds $1,500,000, (b) during the 2015 Measurement Period exceeds $3,000,000 or (c) during the 2016 Measurement Period exceeds $4,500,000.
Sample 1
Minimum Milestone means the Barstow EBITDA generated (a) during the 2014 Measurement Period exceeds $750,000, (b) during the 2015 Measurement Period exceeds $1,500,000 or (c) during the 2016 Measurement Period exceeds $2,250,000.
Sample 1

Examples of Minimum Milestone in a sentence

  • The holders of outstanding shares of Series A Preferred Stock shall not be entitled to receive dividends unless declared or the Barstow EBITDA exceeds a Minimum Milestone.

  • If Harley Dome EBITDA exceeds a Minimum Milestone, then every outstanding share of Series C Preferred Stock shall have earned a cumulative dividend calculated at the Dividend Rate (whether or not declared by the Board) since the Original Issue Date.

  • If ORL Equipment EBITDA never exceeds a Minimum Milestone, then there shall be no dividend except those declared by the Board.

  • The holders of outstanding shares of Series B Preferred Stock shall not be entitled to receive dividends unless declared or the ORL Equipment EBITDA exceeds a Minimum Milestone.

  • If Barstow EBITDA exceeds a Minimum Milestone, then every outstanding share of Series A Preferred Stock shall have earned a cumulative dividend calculated at the Dividend Rate (whether or not declared by the Board) since the Original Issue Date.

  • If ORL Equipment EBITDA exceeds a Minimum Milestone, then every outstanding share of Series B Preferred Stock shall have earned a cumulative dividend calculated at the Dividend Rate (whether or not declared by the Board) since the Original Issue Date.

  • If Barstow EBITDA never exceeds a Minimum Milestone, then there shall be no dividend except those declared by the Board.

  • If Harley Dome EBITDA never exceeds a Minimum Milestone, then there shall be no dividend except those declared by the Board.

  • The holders of outstanding shares of Series C Preferred Stock shall not be entitled to receive dividends unless declared or the Harley Dome EBITDA exceeds a Minimum Milestone.

  • On each Early Vesting Date, up to one-third of the total number of Restricted Shares, (rounded down to the nearest whole share in Years 1 and 2 and rounded up in Year 3) (the "Annual Maximum Earn-Out Amount") may become vested and nonforfeitable, depending on whether the Target Milestone for such year is achieved or whether the Minimum Milestone (but not the Target Milestone) for such year is achieved.

Related to Minimum Milestone

  • 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.

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

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

  • Development Milestone is defined in Section 5.3.

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

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

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

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

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

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

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

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

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

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

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

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

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • 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.

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

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • 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).