Common use of Borrowing Milestone Clause in Contracts

Borrowing Milestone. Borrower shall have achieved, by a date not later than March 31, 2015, Revenue of not less than $40,000,000 (the “Borrowing Milestone”) during the twelve-month period prior to such date.

Appears in 1 contract

Sources: Term Loan Agreement (NanoString Technologies Inc)

Borrowing Milestone. Borrower shall have achieved, by a date not later than March December 31, 20152016, Revenue in the sale of the Product of not less than $40,000,000 30,000,000 (the “Borrowing Milestone”) during the twelve-month period immediately prior to such date.

Appears in 1 contract

Sources: Term Loan Agreement (Navidea Biopharmaceuticals, Inc.)

Borrowing Milestone. Borrower shall have achieved, by a date not later than March December 31, 20152016, Revenue in the sale of the Product of not less than $40,000,000 [*] (the “Borrowing Milestone”) during the twelve-month period immediately prior to such date.

Appears in 1 contract

Sources: Term Loan Agreement (Navidea Biopharmaceuticals, Inc.)