Third Milestone Payment definition

Third Milestone Payment has the meaning specified in Section 2.5(c).
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Third Milestone Payment means the sum of the First Milestone Payment and the Second Milestone Payment, less any Milestone Payments previously paid by Parent.
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Third Milestone Payment has the meaning set forth in Annex A.
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Examples of Third Milestone Payment in a sentence

  • Third Milestone Payment: CAD200 thousand upon the successful enrolment of the first patient in the first Phase 3 human clinical trial.

  • This Agreement shall be terminated and of no force or effect, and the parties hereto shall have no liability hereunder, upon the earlier to occur of (a) the payment of both the First Milestone Payment and the Second Milestone Payment, (b) the payment of the Third Milestone Payment and (c) the expiration of the Third Milestone Period, unless there is an ongoing audit pursuant to Section 4.04(b), in which case until such audit has been completed.

  • CONDITIONS TO THIRD MILESTONE PAYMENT 39 Section 6.1 Conditions to Third Milestone Payment 39 ARTICLE VII.

  • The GLyPharma Shareholders acknowledge and agree that, in accordance with the terms of this Amendment, the aggregate Third Milestone Payment shall consist of (i) a cash payment equal to $10,000,000 and (ii) the issuance of shares of Additional Shares to the GLyPharma Shareholders, in each case in accordance with their respective Proportionate Shares in the amounts set forth below (items (i) and (ii) referred to herein as the “Third Milestone Final Payout”).

  • If the First Milestone Payment must be made in cash, such amount will be payable at a rate of $1,000,000 per calendar quarter and, if the Second Milestone Payment or the Third Milestone Payment must be made in cash, such amounts will be payable at a rate of 35% of net sales for the applicable calendar quarter of intravenous injection products in which a purified form of poloxamer 188 is an active ingredient.

  • To secure Sellers’ rights to receive the Second Tranche of the Purchase Price and the Third Tranche of the Purchase Price, as well as Sellers’ rights to receive the First Milestone Payment, the Second Milestone Payment and the Third Milestone Payment, Purchaser hereby grant to each Seller and Agent for the benefit of Sellers continuing security interests in all of the Transferred Assets and the Proceeds (as such terms is defined in the CUCC) thereof.

  • CELGENE shall complete the FDA presentation and/or submission, triggering the Third Milestone Payment, by no later than June 30, 2012.

  • Within ten (10) business days of CELGENE'S presentation and/or submission to FDA of the Surrogate Endpoint relying at least in part upon the Data Set, a fee of [***] (US$[***]) ("Third Milestone Payment").

  • On October 16, 2023, the Company issued 6,613,382 common shares to Waterton at a price of C$2.06 for total gross proceeds of C$13.6 million ($10.0) as partial consideration of the Third Milestone Payment and Fourth Milestone Payment related to the Ruby Hill deferred consideration, as further described in Note 12 (iv) of the Financial Statements.

  • The Third Milestone Payment shall amount to $20,000,029, of which $10,000,000 shall be paid in cash and $10,000,029 shall be paid in the form of Additional Milestone Shares (by way of set-off) at a price per share equal to $17.00, which is the opening trading price of New Holdco’s ordinary shares following the New Holdco IPO.


More Definitions of Third Milestone Payment

Third Milestone Payment means an amount equal to. The Third Milestone Payment shall not be payable more than once.
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Third Milestone Payment has the meaning provided in Section 1.6(d)(iii) of the Agreement.
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Third Milestone Payment shall have the meaning given to such term in Section 2.8(f)(i).
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Related to Third Milestone Payment

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

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

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

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

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

  • 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.

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

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

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

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

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

  • 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.

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

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

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

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

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Sublicense Revenue means [***].

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Upfront Payment has the meaning set forth in Section 4.1.