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
From the date of the first commercial sale of the first CVR Product until the achievement of the Third Milestone (such earlier date, the “Audit Expiration Date”), Parent shall keep, and shall cause its Affiliates to keep, reasonable records in the ordinary course of business pursuant to record-keeping procedures normally used by Parent and its Affiliates regarding its activities with respect to achievement of the Third Milestone to verify whether the Third Milestone Payment is due hereunder.
Such auditors will keep confidential any information obtained during such inspection and will report to the Rights Agent and Parent in writing whether (x) the Closing Cash Proceeds and/or (y) the Third Milestone Payment is due and payable (without disclosing, in the case of this clause (y), to the Rights Agent any confidential or commercially sensitive information used or generated by the auditors during the course of the audit), as applicable.
More Definitions of Third Milestone
Third Milestone. Fourth Milestone", "Fifth Milestone", and "Sixth Milestone", respectively.
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 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 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 means the achievement of all Third Milestone Components. “Third Milestone Component” means each of Automation Milestone 3, Cost Milestone 3, Sales Milestone 3 or Technology Milestone 3. “Third Milestone Test Date” means January 31, 2025. “Tranche 1 Term Loan Draw Period” means the period commencing on the date on which both (i) the conditions precedent set forth in Section 3.2 of the Credit Agreement have been satisfied and (ii) the First Milestone has been achieved (it being understood that the First Milestone cannot be achieved prior to the First Milestone Test Date) and a Milestone certificate satisfying the requirements of Section 3 of this Schedule shall have been delivered, and ending on the earlier of (i) occurrence of any Event of Default (for the avoidance of doubt including without limitation any such occurrence prior to the First Milestone Test Date), and (ii) the date that is 30 calendar days after the First Milestone Test Date. “Tranche 2 Term Loan Draw Period” means the period commencing on the date on which both (i) the conditions precedent set forth in Section 3.2 of the Credit Agreement have been satisfied and (ii) the Second Milestone has been achieved (it being understood that the Second Milestone cannot be achieved prior to the Second Milestone Test Date) and a Milestone certificate satisfying the requirements of Section 3 of this Schedule shall have been delivered, and ending on the earlier of (i) occurrence of any Event of Default (for the avoidance of doubt including without limitation any such occurrence prior to the Second Milestone Test Date), and (ii) the date that is 30 calendar days after the Second Milestone Test Date. “Tranche 3 Term Loan Draw Period” means the period commencing on the date on which both (i) the conditions precedent set forth in Section 3.2 of the Credit Agreement have been satisfied and (ii) the Third Milestone has been achieved (it being understood that the Third Milestone cannot be achieved prior to the Third Milestone Test Date) and a Milestone certificate satisfying the requirements of Section 3 of this Schedule shall have been delivered, and ending on the earlier of (i) occurrence of any Event of Default (for the avoidance of doubt including without limitation any such occurrence prior to the Third Milestone Test Date), and (ii) the date that is 30 calendar days after the Third Milestone Test Date.
Third Milestone means the event in which worldwide Net Sales of any CVR Product first equals or exceeds two hundred million U.S. dollars ($200,000,000) in any four (4) fiscal quarter period.