Third Milestone definition

Third Milestone has the meaning set forth in Section 1.3(a).

Third Milestone means [***].

Third Milestone means the granting of FDA Approval for sale by Buyer or any of its Affiliates or licensees of any Cervical Spine Product in the United States.

Examples of Third Milestone in a sentence

• By way of example, the failure to achieve Automation Milestone 3 and Cost Milestone 3, combined with the achievement of each of Sales Milestone 3 and Technology Milestone 3, in each case on the Third Milestone Test Date, would result in an Applicable Percentage increase of [*] percent ([*]%).

• Subject to Sections 2(d) and (e) below, the Applicable Percentage shall be increased by [*] percent ([*]%) for each failure to achieve any Third Milestone Component, in each case on the Third Milestone Test Date, subject to a maximum increase of four percent (4%) for the failure to achieve Third Milestone Components.

• In the event that the Borrower fails to achieve the Third Milestone on the Third Milestone Test Date, the Tranche 3 Commitment shall (subject to Section 3 below) be automatically terminated, effective immediately after the Third Milestone Test Date.

• The Lenders’ several obligations to make the Tranche 3 Term Loan pursuant to Section 2.1(a)(iv) of the Credit Agreement shall be subject to the achievement of the Third Milestone on the Third Milestone Test Date.

More Definitions of Third Milestone

Third Milestone. Fourth Milestone", "Fifth Milestone", and "Sixth Milestone", respectively.

Third Milestone means the milestone set forth on Annex A under the heading “Third Milestone.” “Third Milestone Payment” has the meaning set forth in Annex A.

Third Milestone means achievement of the criteria described under the captions “Supply Milestone” with regard to the Company as set forth opposite “Third Milestone” on Exhibit C.

Third Milestone means the earlier of (a) approval of a Project Sanction AFE, and (b) initiation by the owner(s) of the Project of construction of a mine, mill or any related infrastructure for the Project which, for greater certainty, does not include maintenance on existing infrastructure or infrastructure related to work in support of the Prefeasibility Study or the Feasibility Study.

Third Milestone means the milestone set forth on Annex A under the heading “Third Milestone.”

Third Milestone has the meaning provided in Section 1.6(d)(iii) of the Agreement.

Third Milestone has the meaning given in Section 5.01(c). ​ ​