Sale Milestone definition

Sale Milestone means the receipt by the Borrower and its Subsidiares of Net Cash Proceeds in excess of $100,000,000 from one or more Prepayment Events in connection with Asset Sales of Selected Assets occurring after the Amendment No. 5 Effective Date.

Sale Milestone means (a) the total amount of revenue generated from sales after the Closing Date shall not be less than the amount set forth on Schedule 1.2(b) for the corresponding period in which the Delayed Draw Note Purchase Date occurs (or, in each case, such lesser amount acceptable to the Collateral Agent and the Required Note Purchasers) and (b) at the time of the Delayed Draw Note Purchase Date, at least 5,000 vehicles shall have been ordered by customers (excluding any orders that exist on the Closing Date).

Sale Milestone has the meaning assigned in Section 7.7(4).

Examples of Sale Milestone in a sentence

• The Borrower and its Subsidiaries shall have achieved the Sale Milestone prior to October 31, 2018.

• The HLA Evolved approach has been carried out with the open source RTI, poRTIco extended by a new component straddling between HLA federation LAN and WAN to fulfil HLA 1516-2010 requirements.

• It shall be an Event of Default if the Credit Parties are unable to or fail to provide such evidence (“ Sale Milestone Default”).

• Pfizer Payments to BIND 33 8.1. Initial License Fee 33 8.2. Option Fee 34 8.3. Development Milestone Payments 34 8.4. Supplemental NDA Milestone Payments 35 8.5. Regulatory Approval Milestone Payments 36 8.6. First Commercial Sale Milestone Payments 36 8.7. Sales Milestones 37 8.8. Royalties 38 8.9. Third Party Licenses 39 8.10.

• Failure of Borrower to comply with any of the Sale Milestones; provided that Lender may agree to an extension of any of the Sale Milestone dates in its sole and absolute discretion.

• The set of Sale Milestone payments in the table above shall be payable by MAGENTA to HDPR upon the first achievement of each such Sales Milestone for the first Product directed toward a Development Target, but not for any subsequent Products directed toward such same Development Target that achieves the same Sales Milestone.

• The per-share exercise price of the remaining 1,650,000 shares will be equalto 120% of the Fair Market Valueof one shareof the Company’s common stock as of the date of this Agreement.

• Assignee shall promptly (and in any event within five (5) Business Days) notify Assignor of communication from Zevra to Assignee indicating the Commercial Sale Milestone has been achieved.

• The First Commercial Sale Milestone Payment shall be paid together with the Earn-Out-Payment of the Calendar Quarter during which the First Commercial Sale milestone event has been achieved.

• The Borrower and its Subsidiaries shall have achieved the Sale Milestone prior to March 31, 2019, provided that this covenant shall be deemed satisfied if the Borrower presents the Administrative Agent and the Required Lenders with signed bona fide offers for certain of the Selected Assets which would have produced Net Cash Proceeds in excess of $100,000,000 prior to March 31, 2019 and the Administrative Agent and the Required Lenders object to the terms and conditions of such documentation.

More Definitions of Sale Milestone

Sale Milestone means the date upon which the OpCo Debtors, with the consent, and at the direction of, the Required Consenting Lenders, will determine whether to pursue a Sale Transaction(s) pursuant to the OpCo Plan, as set forth in the Restructuring Support Agreement.

Sale Milestone means, if Debtors do not file an Acceptable Disclosure Statement and an Acceptable Plan by the Filing Deadline, any of the following:

Sale Milestone has the meaning assigned to such term in Section 6.19.

Sale Milestone in the Loan Agreement is hereby amended and restated in its entirety:

Sale Milestone means the date upon which the Debtors, with the consent and at the direction of the Senior Lenders, will take certain actions in connection with the pursuit of a Sale Transaction(s) pursuant to the Plan, as set forth in the Restructuring Support Agreement.