Milestone 5 definition

Milestone 5 means the achievement of worldwide aggregate Net Sales of the Product (inclusive of all Indications) of at least two hundred fifty million U.S. dollars ($250,000,000), calculated on a cumulative basis for all Calendar Years (or portion thereof), provided that Milestone 3 is achieved by or before December 31, 2030.

Milestone 5 means FDA approval of a NDA for FX301.

Milestone 5 has the meaning assigned to it in the Project Agreement.

Examples of Milestone 5 in a sentence

• Attachment A, Scope of Work, Section 3.V 15% of One- Time fees - $75,495 Completion of Milestone 4 Go Live Software System Ready to Go Live 15% of One- Time fees - $75,495 Completion of Milestone 5 Integration Complete CAPS + & CRM Integration 20% of One- Time fees - $100,660 Completion of Milestone Total One-Time Fees $503,300 Above One-time fees are inclusive of all Contractor travel expenses, onsite Contractor support, integration services, and incidentals.

• If the Interconnection Customer reaches Commercial Operation, Readiness Milestone 5 is refunded to the Interconnection Customer including any accumulated interest, if applicable.

• All Interconnection Customers are required to provide security in order to satisfy Readiness Milestone 5 (M5) when the LGIA is executed as described in Section 14.4. The amount of security required for M5 is equal to nine (9) times the Interconnection Customer’s share of the Definitive Interconnection Study Process study costs.

• If the Interconnection Customer does not reach Commercial Operation, upon payment of any final invoice, including any Withdrawal Penalty, Readiness Milestone 5 shall be refunded to the Interconnection Customer, including any accumulated interest, if applicable.

• Satisfaction of the requirements of Readiness Milestone 5 is required after the LGIA is executed as described in Section 10.11.5. An Interconnection Customer who does not satisfy the requirements of an applicable Readiness Milestone (or provide additional security in lieu thereof described in Section 10.11.6) is subject to withdrawal of its Interconnection Request from the queue and payment of a withdrawal penalty pursuant to Section 4.7.1.

More Definitions of Milestone 5

Milestone 5 means cumulative Net Sales of the Product Candidate exceeding three hundred million dollars ($300,000,000), inclusive of Milestone #4, but only if the foregoing Milestone is achieved no later than the Milestone Target Date.

Milestone 5. [ ]* [ ]* Milestone 6: [ ]* [ ]*. Each milestone is independent, so that the achievement of any one milestone with respect to a Research Compound or Product does not require payment of lower numbered unachieved milestones with respect to that Compound or Product.

Milestone 5. “Milestone 5” means:

Milestone 5 has the meaning set forth in Exhibit A.

Milestone 5. Clinical Trial Assay Build Completion (Including CTA QC and Control Specifications) This milestone entails activities required to complete development of the Clinical Trial Assay for use in Phase III Clinical Trial. The assay is planned to be presented to CDRH under an Investigational Device Exemption application. The following work packages will be competed; [**]. Confidential and Proprietary Information of TOKAI and QIAGEN

Milestone 5 means achievement of aggregate Annual Revenues by all Selling Parties of at least $12,000,000 during any Calendar Year ending on or before December 31, 2026.

Milestone 5 shall be demonstrat:4 on by BIOTHERAPIES (to MICHIGAN's reasonable satisfaction) of the commencement o.f FDA Phase III clinical trials ---- for a theraoeutic Product. The following ~s the milestone achievement schedule. BIOTHERAPIES shall achieve demonstration of the milestones by -the dates set out below, and, upon any failure to do so, MICH7GAN may az Jts option terminate ~his-Agreement and the license rights conveyed herein: