Tranche 2 Milestone definition

Tranche 2 Milestone means receipt by the Lender of satisfactory evidence of a successful Ph1 readout of VLS-01 OTF with results justifying a decision to move into Ph2 trials with OTF, as determined by the Lender in its sole discretion.

Tranche 2 Milestone means the FDA’s approval of the ARX-04 NDA on or before December 31, 2017.

Tranche 2 Milestone means Borrower has obtained FDA approval of pz-cel in recessive dystrophic epidermolysis bullosa, with the issuance of a Priority Review Voucher, subject to written evidence of the same, in form and content reasonably acceptable to Lender.

Examples of Tranche 2 Milestone in a sentence

• Beginning April 1, 2017 and continuing through December 31, 2017, subject to Borrower’s achievement of Tranche 2 Milestone and approval by Agent’s investment committee, such approval to be granted or withheld in its sole discretion, Borrower may request Tranche 2 Term Loan Advances in an aggregate amount up to $10,000,000 in minimum increments of $2,500,000.

• This study is conducted by the researchers to provide an estimate on how the online class impacts our students nowadays.

• The Tranche 2 Consideration will be payable upon an announcement by the Company of shipment(s) of a minimum of 50,000 tons of Kaolin Clay or derived product from the project held by Halcyon (Tranche 2 Milestone).

• Subject to and upon the terms and conditions of this Agreement, at any time from the date on which Borrower achieves the Term Loan Tranche 2 Milestone through the Term Loan Xxxxxxx 0 Xxxxxxxxxxxx Xxx Date, Bank agrees to make one (1) or more Term Loan Tranche 2 Advances to Borrower in an aggregate amount not to exceed the Term Loan Tranche 2.

• Subject to the terms and conditions of this Agreement, beginning on the date the Tranche 2 Milestone is satisfied, and continuing through December 15, 2018, Borrower may request Tranche 2 Term Loan Advances in an aggregate amount of $10,000,000 in minimum increments of $1,000,000.

More Definitions of Tranche 2 Milestone

Tranche 2 Milestone means (a) no Event of Default shall have occurred and be continuing; and (b) Borrower’s initiation of a clinical end point trial for at least two of the three following additional indications: (i) aHUS, (ii) c3G for avacopan, and (iii) FSGS for CCX140, in each case subject to verification by Agent in its reasonable discretion.

Tranche 2 Milestone means the satisfaction of each of the following events: (a) no Default or Event of Default shall have occurred and be continuing and (b) Borrower shall have delivered evidence satisfactory to Agent (as determined by Agent in its sole discretion) that Borrower has achieved at least Twelve Million Dollars ($12,000,000) in T6M Net Product Revenue for any financial reporting period ending after the Closing Date and on or prior to December 31, 2023 as set forth in the monthly financial statement delivered in accordance with Section 7.1(a) (and/or quarterly financial statements delivered in accordance with Section 7.1(b) or 7.1(c), if applicable) for such financial reporting period.

Tranche 2 Milestone. “Tranche 2 Milestone” shall mean [*]. Upon determination in good faith by TFG Radiant N-E that it has achieved the Tranche 2 Milestone, TFG Radiant N-E will deliver written notification indicating the date of such achievement to the Chief Executive Officer of Ascent and such documentation reasonably necessary to support the achievement of the Tranche 2 Milestone. Ascent shall have the right to verify achievement of the Tranche 2 Milestone. The parties will negotiate in good faith regarding any dispute regarding the achievement of the Tranche 2 Milestone.

Tranche 2 Milestone means Borrower has achieved at least two (2) of the following milestones: (a) achievement of positive data in the ongoing phase 2b study of BIV201 for the treatment of refractory ascites, (b) completion of enrollment of at least ninety percent (90%) of the patients in the ongoing phase 3 study of NE3107 for the treatment of Alzheimer’s Disease, and (c) achievement of positive data from the phase 2 study of NE3107 for the treatment of Xxxxxxxxx’x Disease, in each case as determined by Xxxxxxx in their sole discretion.

Tranche 2 Milestone means a submission by the Company to the United States Food and Drug Administration (“ FDA ”) of a preclinical study package determined by the Company in good faith to be sufficient to support the filing of an Investigational New Drug application for the Company’s therapy referred to as “OPX-212” (the “ IND ”), so long as such submission occurs on or before (x) February 15, 2016 or (y) any later date agreed to by the Purchasers.

Tranche 2 Milestone means a submission by the Company to the United States Food and Drug Administration (“FDA”) of a preclinical study package determined by the Company in good faith to be sufficient to support the filing of an Investigational New Drug application for the Company’s therapy referred to as “OPX-212” (the “IND”), so long as such submission occurs on or before (x) February 15, 2016 or (y) any later date agreed to by the Purchasers.

Tranche 2 Milestone means satisfaction of each of the following events, subject to reasonable verification by Agent: (a) no Default or Event of Default shall have occurred; (b) Borrower has announced Positive Clinical Data from the phase 1b study evaluating Ziftomenib, clinicaltrials.gov identifier #NCT04067336, for the treatment of relapsed/refractory acute myeloid leukemia and has dosed the first patient in a registration-enabling trial, in each case subject to reasonable verification by Agent (including any supporting documentation requested by Agent); and