Development Milestone Event 5 definition

Development Milestone Event 5 means [****]. For this purpose “clearance by the FDA” has the meaning specified in the definition of Development Milestone Event 4.
View Source

Examples of Development Milestone Event 5 in a sentence

  • In the event that Development Milestone Event 5 is achieved prior to one (1) or more of Development Milestone Events 2-4 (collectively the “[…***…]”), DS shall pay Zymeworks the unpaid Milestone Payment(s) associated with the applicable […***…], together with the Milestone Payment for Development Milestone Event 5.

  • For example, if Development Milestone Event #2 in Table 10.2.1 (a) has not been achieved at the time Development Milestone Event #5 in Table 10.2.1 (a) is achieved, then CStone will pay to Blueprint the Development Milestone Payment to be made with respect to such Development Milestone Event #2 at the same time as CStone pays the Development Milestone Payment due upon achievement of such Development Milestone Event #5.

  • For example, if Development Milestone Event #5 has been achieved but Development Milestone Event #2 has not been achieved, then, upon achievement of Development Milestone Event #5, the Development Milestone Payment corresponding to both Development Milestone Event #2 and Development Milestone Event #5 will become due and payable by Galapagos to Adaptimmune.

  • Subject to Section 7.2.1, DRL will not engage in any act or omission in order to create delay with the sole purpose of reducing the Development Milestone Payment for Development Milestone Event #5 or Development Milestone Event #6.