Second Milestone Period definition

Second Milestone Period means the period commencing as of the date of this Agreement and ending at 11:59 p.m., New York City time, on March 31, 2016.
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Second Milestone Period means the period beginning on the first day of the thirteenth full fiscal month of Buyer that begins after the Closing Date and ending on the last day of the twenty-fourth (24th) full fiscal month of Buyer that begins after the Closing Date.
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Second Milestone Period means the period beginning on the first day of the twenty fifth (25th) full calendar month following the date of this Agreement and ending on the last day of the thirty sixth (36th) full calendar month following the date of this Agreement.
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Examples of Second Milestone Period in a sentence

  • Vesting Date Dollar Value of PSUs that Vest Revenue Determination Date for the First Milestone Period Up to $[________] Revenue Determination Date for the Second Milestone Period Up to $[________] Revenue Determination Date for the Third Milestone Period Up to $[________] Vesting shall be subject to the conditions and limitations set forth in Attachment 1.

  • Following the Closing Date and through the end of the Second Milestone Period, Acquirer shall use its Commercially Reasonable Efforts to operate the Business in the Ordinary Course of Business and otherwise in accordance with the business plan and presumptions underlying the Pre-Closing Budget and provide the Business with capital to continue operations in the Ordinary Course of Business in order to achieve the Milestone Events.

  • If Gross Revenue during the Second Milestone Period equals or exceeds twelve million five hundred thousand dollars ($12,500,000) (the “Second Milestone Revenue Target”), Buyer will make a Milestone Payment to the Milestone Sellers in an amount equal to $2,036,201.46 less the amount of the Milestone Advance Payment, if any, paid to the Milestone Sellers pursuant to Section 2.07(b).

  • If a Buyer Change of Control occurs at any time during the Second Milestone Period, Buyer shall, contemporaneously with the effectiveness of such Buyer Change of Control, make a final Milestone Payment in an amount (the “Second Accelerated Milestone Amount”) equal to $2,036,201.46, less the aggregate amount of any Milestone Advance Payment previously paid by Buyer pursuant to Section 2.07(b), without regard to the amount of Gross Revenue accumulated as of such time.

  • Milestone Payments will be calculated with respect to Gross Revenue over two periods, the First Milestone Period and the Second Milestone Period.


More Definitions of Second Milestone Period

Second Milestone Period means the period of time commencing on January 1, 2023 and ending at 11:59 p.m. Eastern time on December 31, 2023.
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Second Milestone Period means July 1, 2022 through June 30, 2023.
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Related to Second Milestone Period

  • 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.

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

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Development Milestone is defined in Section 5.3.

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

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Project Milestone means the project milestone set forth in Schedule-J;

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

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone Events has the meaning set forth in Section 7.2.

  • Milestone Payment has the meaning set forth in Section 4.2.

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

  • 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 Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

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

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Earnout Period has the meaning specified in Section 2.03(a).

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • 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").

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Milestone Notice has the meaning set forth in Section 2.4(a).