Second Milestone Payment definition

Second Milestone Payment has the meaning set forth in Section 2.6(b)(ii).

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Second Milestone Payment means the payment by Nordic of an additional $1,250,000 to Newco after the satisfaction of the Second Payment Milestone (as defined in the Contribution Agreement).

Second Milestone Payment has the meaning set forth in Annex A.

Examples of Second Milestone Payment in a sentence

The Rights Agent (on behalf of the Holders) shall bear the full cost of such audit unless such audit determines as a result of such audit that the Second Milestone Payment was due and payable, in which case, Parent will bear the cost of such audit and will remit in accordance with Section 4.2 the Second Milestone Payment within thirty (30) days of the date the auditors’ written report is received.
Such auditors will keep confidential any information obtained during such inspection and will report to the Rights Agent and Parent in writing whether the Second Milestone Payment is due and payable (without disclosing to the Rights Agent any confidential or commercially sensitive information used or generated by the auditors during the course of the audit).

More Definitions of Second Milestone Payment

Second Milestone Payment means, if the Second Milestone is achieved on or prior to 11:59 p.m. New York City Time on the eighth (8th) anniversary of the Closing Date, an amount equal to $0.10, in cash, without interest, per CVR. For the avoidance of doubt, the Second Milestone Payment shall only be due once, if at all, subject to the achievement of the Second Milestone prior to the Termination.

Second Milestone Payment means an amount equal to $[ ] per CVR, payable in cash.(2)

Second Milestone Payment is defined in Section 2.2.1.2.

Second Milestone Payment means $25,000,000.

Second Milestone Payment has the meaning provided in Section 1.6(d)(ii) of the Agreement.

Second Milestone Payment means $5,000,000.

Second Milestone Payment means a sum equal to $7,000,000 reduced by the greater of (i) the amount of the consideration paid by the Buyer to the Sellers for the First Option Shares or (ii) $1,750,000;