Milestone Dates. Exhibit C shows all major milestones for the development program. Some milestones do not contain external deliveries to ADVA and as such they are provided to ADVA for information. Throughout the development program Acacia shall communicate to ADVA all changes to milestone schedule dates in Exhibit C. For project milestones containing a key deliverable product or service Acacia understands the importance to maintain the originally agreed schedule dates. If Acacia must extend any key deliverable milestone schedule date (as indicated by “Key Deliverable Milestone #” column and “Schedule Date” column of Exhibit C by more than [**] calendar days then ADVA may, at its discretion, terminate this Partnering Agreement. Alternately, upon Acacia extending any deliverable milestone date ADVA may impose a [**]% price reduction per calendar day up to [**]% of the purchase price in the form of credits applied to future purchases for the late deliverable beginning on the [**] day after the original milestone date.
Appears in 3 contracts
Sources: Strategic Partnering Agreement, Strategic Partnering Agreement (Acacia Communications, Inc.), Strategic Partnering Agreement (Acacia Communications, Inc.)