Revenue Milestone Payments definition

Revenue Milestone Payments. 2.07(a)(viii) “Second Revenue Milestone Payment” 2.07(a)(ix) Definition Location “Seller Allocation” 2.03(b)(i) “Sellers” Preamble “Shared Asset(s)” 2.01(c)(iii) “Social Security Act” 3.11(e) “Special Representations” 7.01 “Stock Consideration” 2.03(a)(ii) “Third Party Claim” 7.05(b) “TSA End Date” 2.02(a)(i) ARTICLE 2
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Revenue Milestone Payments means the First Revenue Milestone Payment and the Second Revenue Milestone Payment.
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Revenue Milestone Payments has the meaning ascribed to such term in Section 4.3.
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Examples of Revenue Milestone Payments in a sentence

  • Upon the payment of the Revenue Milestone Payments Buyout Amount, Buyer’s obligations with respect to any remaining Revenue Milestone Payments shall be satisfied; provided all previously earned but unpaid Revenue Milestone Payments shall immediately become due and payable to Seller.

  • Subject to adjustment as provided in Section 2.8, the aggregate consideration for the Purchased Assets shall consist of the Estimated Purchase Price plus the Revenue Milestone Payments or Revenue Milestone Payments Buyouts Amount in accordance with Section 2.13.

  • TELA Bio shall be entitled to set off its reasonable costs associated with the exercise of its rights under this Section (including without limitation increased costs incurred by TELA Bio for shipping and insuring Products) against any future Revenue Sharing Amounts or Revenue Milestone Payments payable by TELA Bio in accordance with this Umbrella Agreement.

  • The independent public accountant shall disclose to NPLH only (x) the accuracy of Net Sales reported and the basis for royalty, Sublicensing Revenue, Milestone Payments and any other payments made to NPLH under this Agreement and (y) the difference, if any, by which such reported and paid amounts vary from amounts determined as a result of the Audit and the details concerning such difference.


More Definitions of Revenue Milestone Payments

Revenue Milestone Payments has the meaning set forth in Section 3.2(b).
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Revenue Milestone Payments means any First Revenue Milestone Payment, Second Revenue Milestone Payment, and Third Revenue Milestone Payment.
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Related to Revenue Milestone Payments

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • 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 Payments has the meaning set forth in Section 4.2.

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

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

  • 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 3.3 (Milestone Payments).

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

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

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

  • 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 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.

  • 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.

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

  • Sublicense Revenue means [***].

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Sublicense Revenues means [***].

  • 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").

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Revenue Share means Government’s Share of Revenue.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).