Part 2 Milestone definition

Part 2 Milestone means You have (i) achieved bookings for the fourth quarter of Fiscal Year 2017 as set forth in the Supplemental Disclosure Letter and (ii) have Cash, cash equivalents and investments on hand at the end of Fiscal Year 2017 as set forth in the Supplemental Disclosure Letter.
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Part 2 Milestone. Notwithstanding anything in this Agreement, upon written notice from You of, and a copy of, the filing or confidential submission to the Securities and Exchange Commission of an S-1 registration statement contemplating an initial public offering (“IPO”) of Your common RingCentral_GrowthCapitalLoan 2 stock from which You reasonably expect to obtain net offering proceeds, after deduction of all fees, commissions and other costs and expenses in connection therewith, of not less than $50,000,000, Part 2 of the Commitment Amount shall be made available to you.
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Part 2 Milestone has the meaning set forth in Section 3.
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Examples of Part 2 Milestone in a sentence

  • He requested consulting with a lawyer to be certain that the Board’s legal reporting responsibility was covered.

  • Quarterly reporting, final report for Part 2 (Milestone #3: draft final report due by Sept.


More Definitions of Part 2 Milestone

Part 2 Milestone means You have issued and sold shares of Your Preferred Stock since the Closing Date for aggregate gross cash proceeds of at least $30,000,000 (excluding any amounts received upon conversion or cancellation of indebtedness).
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Part 2 Milestone means You have achieved eighty percent (80%) of the projected revenue and operating loss (excluding stock- based compensation) for the previous trailing twelve (12) month period for the period ending as of the last day of the most recently ended quarter (which quarter shall have ended not more than forty-five (45) days prior) and beginning no earlier than October 31, 2013, as set forth in the revenue plan provided to us on the Closing Date.
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Related to Part 2 Milestone

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

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

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

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

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

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

  • 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.

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

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

  • 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").

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

  • Development Schedule shall have the meaning set forth in Section 1.1.

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