Third Milestone Event definition
Third Milestone Event means the occurrence of the following event: the closing share price of the shares of Parent Common Stock over any twenty (20) consecutive Trading Days during the Third Earnout Period is greater than or equal to $30.00 per share (subject to any adjustment pursuant to Section 3(c)).
Third Milestone Event means that (a) no Event of Default shall have occurred and remain continuing, and (b) Agent shall have confirmed (which confirmation may require supporting documentation requested by Agent), on or prior to September 30, 2018, that Borrower has received, after June 30, 2017 but on or prior to September 30, 2018, that Borrower has received, after the Closing Date but on or prior to September 30, 2018, unrestricted and unencumbered (including, not subject to any redemption, clawback, escrow or similar restriction or encumbrance) upfront net cash proceeds in a minimum amount of at least One Hundred Million Dollars ($100,000,000.00) (inclusive of amounts raised in satisfaction of clause (b)(i) of the First Milestone Event definition and clause (d)(i) of the Second Milestone Event definition) in connection with the issuance and sale by Oak Street Health of its equity securities to investors reasonably acceptable to Agent (it being acknowledged and agreed that members of Oak Street Health as of the Closing Date shall be deemed reasonably acceptable to Agent).
Third Milestone Event shall have the meaning set forth in Section 4.2 hereof.
Examples of Third Milestone Event in a sentence
The Third Milestone Event shall result in the Fourth Closing, as defined in the Stock Purchase Agreement.
Such issuance may be made as early as six (6) months after the Closing Date if the Third Milestone Event is reached between six (6) and twelve (12) months after the Closing Date.
Development Program for which Editas has not exercised its Profit-Sharing Option: First Milestone Event [**] 8 [**] [**] Second Milestone Event [**] [**] [**] [**] Third Milestone Event [**] [**] [**] [**] Fourth Milestone Event [**] [**] [**] [**] Fifth Milestone Event [**] [**] [**] [**] Sixth Milestone Event [**] [**] [**] [**] Seventh Milestone Event [**] [**] [**] [**] [**].
More Definitions of Third Milestone Event
Third Milestone Event means receipt by Buyer of Regulatory Approval from the FDA for the NDA pursuant to the AMPAKINE® NDA Submission.
Third Milestone Event means (i) the launch of NextTrip’s travel agent platform and (ii) signing up of at least 100 travel agents to the platform (which calculation includes individual agents of an agency that signs up on behalf of multiple agents).
Third Milestone Event means the VWAP of the shares of Common Stock over any twenty (20) Trading Days within any thirty (30) Trading Day period during the Earnout Period is greater than or equal to $17.50 per share (subject to any adjustment pursuant to Section 3(e)).