Second Milestone Event definition

Second Milestone Event means the occurrence of the following event: the closing share price of the shares of Parent Common Stock over any twenty (20) consecutive Trading Days during the Second Earnout Period is greater than or equal to $23.00 per share (subject to any adjustment pursuant to Section 3(c)).

Second Milestone Event means confirmation by Bank that Borrower has shipped pre-production units which shall be production quality and have passed a formal release process to include one thousand (1,000) hours of product testing.

Second Milestone Event means that (a) no Event of Default shall have occurred and be continuing, (b) the Term B Loan Advance has been made, and (c) Agent shall have confirmed (which confirmation may require supporting documentation requested by Agent), that Borrower has achieved positive Aggregate 2013-2016 Vintage Clinic Level Contribution on a trailing six (6) month basis for any period ending after the Closing Date but on or prior to June 30, 2018, and (d) that on or prior to March 31, 2018, one (1) of the following shall have occurred: (i) that Borrower has received, after June 30, 2017 but on or prior to March 31, 2018, unrestricted and unencumbered (including, not subject to any redemption, clawback, escrow or similar restriction or encumbrance) upfront net cash proceeds in a minimum amount of at least Twenty-Five Million Dollars ($25,000,000.00) (inclusive of amounts raised in satisfaction of clause (b)(i) of the First Milestone Event definition) in connection with the issuance and sale by Oak Street Health of its equity securities to investors reasonably acceptable to Agent (it being acknowledged and agreed that members of Oak Street Health as of the Closing Date shall be deemed reasonably acceptable to Agent), or (ii) that Borrower has achieved, with respect to any six (6) calendar month period ending after the Closing Date but on or prior to March 31, 2018, aggregate net revenue, determined in accordance with GAAP, of greater than or equal to One Hundred Million Dollars ($100,000,000.00).

Examples of Second Milestone Event in a sentence

• The Second Milestone Closing, if applicable, will take place remotely via the exchange of documents and signatures after the satisfaction or waiver of each of the conditions set forth in Section 4 (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the fulfillment or waiver of those conditions) and must occur, if at all, within thirty (30) days following achievement of the Second Milestone Event.

• In the event that the Company elects to pay the Second Milestone Payment Amount by issuing Common Stock to GLS pursuant to Section 8.2.2 of the Collaboration and License Agreement, the Company shall provide written notice of such election to GLS within two (2) Business Days following achievement of the Second Milestone Event (a “Second Milestone Stock Payment Election”).

• In the event of a Sale of the Purchaser, to the extent the First Milestone Event and/or the Second Milestone Event and/or the Third Milestone Event shall not have occurred as of immediately prior to a Sale of the Purchaser, the applicable measurement period shall be immediately prior to consummation of such Sale and there shall not be a sixty (60) consecutive Trading Day measurement period.

• Two business-focused SPI models are presented – the RSM meta-model which maps from arbitrary benefits models to arbitrary SPI models and the RS-CMMI model which maps from the IGSI- ISM benefits model to the CMMI (Staged) model.

More Definitions of Second Milestone Event

Second Milestone Event means confirmation by Agent in Agent’s sole and absolute discretion, that on or prior to June 30, 2015, one (1) of the following milestones has been achieved: (a) delivery by Borrower to Agent of (i) confirmation from the U.S Food and Drug Administration that Borrower’s “XXXXXX” clinical trial results support the advancement of Borrower’s EG-1962 product into a pivotal phase 3 study, and (ii) Borrower’s financing plan in form and substance reasonably acceptable to Agent to finance such pivotal phase 3 study, or (b) Borrower’s receipt, after July 21, 2014, but on or prior to June 30, 2015, of unrestricted and unencumbered gross cash proceeds in an amount of equal to or greater than Fifty-Five Million Dollars ($55,000,000.00) from the issuance and sale by Borrower of its equity securities, Subordinated Indebtedness, and/or strategic capital (or any combination thereof), in each case with Borrower’s existing investors and investors reasonably acceptable to Agent.

Second Milestone Event shall have the meaning set forth in Section 4.2 hereof.

Second Milestone Event means the delivery to Vizsla of a technical report in accordance with NI 43-101 establishing the existence on any portion of the Properties of at least 200,000 ounces of either gold or gold equivalent categorized as "measured resources" or a combination of "measured resources" and "indicated resources" (as such terms are defined in NI 43-101). Such report must be prepared by an independent Qualified Person, chosen by Vizsla;

Second Milestone Event means the achievement of the research and development milestone described as the “Second Milestone” in Exhibit E.

Second Milestone Event means the Kalera Ordinary Shares trading on Nasdaq with a VWAP greater than or equal to $15.00 for any twenty (20) trading days within any consecutive thirty (30)-day trading period during the Milestone Period.

Second Milestone Event means the occurrence of both: (i) the successful completion by Buyer of a Phase III program for a Primary AMPAKINE® Compound in the intravenous dosage format for prophylactic or rescue treatment of RD, as measured by [***]; and (ii) [***] (the “[***]”) [***] (the “[***]”).

Second Milestone Event shall have the meaning given in Schedule 3.1.2.