Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.
Milestone Date means the date set against the relevant Milestone in the Implementation 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 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.
Sales Milestone Payment shall have the meaning set forth in Section 8.4.
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 Event has the meaning set forth in Section 8.4.
Project Milestone means the project milestone set forth in Schedule-J;
Development Milestone Payment shall have the meaning set forth in Section 9.2(a).
Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.
Development Milestone Event shall have the meaning set forth in Section 9.2(a).
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 Events has the meaning set forth in Section 3.3 (Milestone Payments).
Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;
Project Milestones means the project milestones set forth in Schedule-G;
Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.
Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.
Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.
First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.
Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.
Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.
Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.
Milestone Payments has the meaning set forth in Section 4.2.
First Extended Maturity Date has the meaning specified in Section 2.15(a).
Scheduled Completion Date shall be the date set forth in Clause 10.3;