Clinical Milestone means satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; and (b) any Loan Party has announced that the Phase 3 MINDSET study of intepirdine for the treatment of Alzheimer's disease as described in clinical study protocol RVT-101-3001 has met both co-primary endpoints with intepirdine demonstrating an acceptable safety profile such that the data supports the filing of a New Drug Application with the Food and Drug Administration, subject to verification by Agent in its reasonable discretion (including supporting documentation requested by Agent).
All Milestone Events prior to the second Clinical Milestone Event may only be referenced in public announcements in general terms and without specificity as to the particular milestone.
Option Period shall mean the period of time beginning as of the Effectiveness Time and ending, unless otherwise terminated earlier pursuant to Section 3 hereof, on the date on which the Clinical Milestone is achieved.
Clinical Milestone means the completion of a human clinical trial of the Product designed to support Regulatory Approval.
Milestone means any Clinical Milestone, Regulatory Approval, Sales-Based Milestone and/or Up-Front Milestone.
Article 7 is renamed Paragraph 7.1 and restated: 7.1 Clinical Milestone Payment: Licensee shall pay to The Regents [***] within thirty (30) days of the commencement of the first clinical [***].