Term B Milestone means Xxxxxxxx’s achievement of positive data from the cohort in relapsed/refractory AML patients in connection with Xxxxxxxx’s SY-1425 Phase 2 trial program in combination with azacitidine; provided that Borrower has provided to Collateral Agent written evidence of the same, in form and content acceptable to Collateral Agent in its sole discretion.
Term B Milestone means Borrower’s delivery to Collateral Agent and Lenders of evidence, satisfactory to Collateral Agent and Lenders in their sole discretion, that Borrower has either (a) received the Regulatory Milestone Payment (as defined in the Secura Acquisition Agreement) from Secura Bio, Inc. in the amount of Thirty-Five Million Dollars ($35,000,000.00) for the first approval of an NDA (as defined in the Secura Acquisition Agreement) for COPIKTRA in the United States by the FDA for the treatment of Peripheral T-Cell Lymphoma pursuant to Section 3.1(a) of the Secura Acquisition Agreement or (b) received at least Fifty Million Dollars ($50,000,000.00) in net unrestricted cash proceeds from the sale or issuance of Borrower’s equity securities after the Effective Date.
Term B Milestone means Borrower’s delivery to Collateral Agent and Lenders of evidence, satisfactory to Collateral Agent and Lenders in their reasonable discretion, that Borrower has [**].
Examples of Term B Milestone in a sentence
From and after the date on which the Term B Milestone is achieved, and until the two (2) week anniversary thereof, Borrower may elect to terminate each Lender’s Term Loan Commitment in respect of the Term B Loan.
The Company may draw the Term B Loan during the period commencing on the date of the occurrence of the Term B Milestone Event and ending on the earliest of (i) December 31, 2020, (ii) the thirtieth (30th) day following the occurrence of the Term B Milestone Event, and (iii) the occurrence of an event of default by the Company.The Company’s obligations under the Loan and Security Agreement are secured by all assets of the Company, other than its intellectual property.
The Company may draw the Term B Loan during the period commencing on the date of the occurrence of the Term B Milestone Event and ending on the earliest of (i) September 30, 2021 (ii) the sixtieth (60th) day following the occurrence of the Term B Milestone Event, and (iii) the occurrence of an event of default.
More Definitions of Term B Milestone
Term B Milestone is Collateral Agent’s receipt of satisfactory evidence that Borrower (i) has received FDA approval of Tenapanor for use in certain patients with Hyperphosphatemia on or prior to December 31, 2022 and (ii) has achieved a minimum of Thirty Million Dollars in Net Product Revenue calculated on a trailing six (6) month basis.
Term B Milestone means Borrower has (a) achieved persistence of T cells at day thirty (30) post-infusion by vector copy number (VCN) in at least two (2) patients treated at dose level 2 in the Phase 1 Library TCR-T trial; provided that either dose level 1 or dose level 2 must be endorsed by an independent safety monitoring committee as a safe dose to proceed with, (b) achieved submission by Borrower of an IND (investigational new drug) amendment to add at least 4 TCRs to Borrower’s current TCR-T library IND, and (c) received at least One Hundred Million Dollars ($100,000,000) in net cash proceeds after the Effective Date but on or prior to August 31, 2022, from the sale of Borrower’s equity securities, the issuance of unsecured convertible debt, the incurrence of Subordinated Debt, receipt of up-front payments from Borrower’s customers/partners pursuant to the terms of binding, executed agreements (including licenses entered into pursuant to Section 6.1) entered into between Borrower and its customers/partners after the Effective Date, in each case, on terms and conditions, acceptable to Agent and the Lenders.
Term B Milestone means after giving pro forma effect to the requested Term B Loan, the Total Leverage Ratio shall be less than 4.00 to 1.00. IF " DOCVARIABLE "SWDocIDLocation" 1" = "1" " DOCPROPERTY "SWDocID" 4873-1362-0459v.10" "" 4873-1362-0459v.10
Term B Milestone is (i) the consummation of the PIPE Financing by Borrower and (ii) Borrower’s compliance with its obligations under Section 6.12 (without taking into account any cure or remedy for a breach of such obligations) at all times through quarter ending immediately prior to the Funding Date of the Term B Loan.
Term B Milestone is (i) the Funding of the Term A Loan and (ii) the achievement by Borrower and its Subsidiaries of aggregate revenues from the sales of Oncotype DX GPS products, determined in accordance with IFRS, for the fiscal year 2023 of not less than $24,900,000.00.
Term B Milestone is the achievement by Borrower of TTM Revenue of at least [***] after the Effective Date.
Term B Milestone means Borrower’s delivery to Collateral Agent and Lenders of evidence, reasonably satisfactory to Collateral Agent and Lenders in their sole discretion, that Borrower has achieved XXXXXXXX-XXX Xxxxx 0x data, sufficient to advance PLN-74809 into xxxxxxx Xxxxx 0x/0 XXX clinical trials.