Milestone Date means the date set against the relevant Milestone in the Implementation Plan;
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 Event has the meaning set forth in Section 8.4.
Development Milestone Event shall have the meaning set forth in Section 9.2(a).
Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.
Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;
Sales Milestone Payment shall have the meaning set forth in Section 8.4.
Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;
Project Milestone means the project milestone set forth in Schedule-J;
Development Milestone Payment 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.
Milestone Payment Date has the meaning set forth in Section 2.4(a).
Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).
Tranche B has the meaning assigned in Section 2.1(c)(i).
Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.
Additional Accelerated Purchase Share Percentage means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, thirty percent (30%).
Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.
Tranche 2 has the meaning set forth in Section 2.2(a)(ii).
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;
EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").
Project Milestones means the project milestones set forth in Schedule-G;
Tranche C Term Loan as defined in Section 2.1.