Development Milestone Payment definition

Development Milestone Payment has the meaning set forth in Section 6.1(b) (Development Milestone Payment).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

Development Milestone Payment is defined in Section 5.3.

Examples of Development Milestone Payment in a sentence

Within [***] after receipt of any Development Milestone Event invoice, Yarrow shall pay the applicable Development Milestone Payment amount to GenSci.
The Development Milestone Payment will be paid only once on the first achievement of such Development Milestone Event by Yarrow or any of its Affiliates or Sublicensees [***], notwithstanding the potential Development of multiple Licensed Products hereunder that may involve separate Clinical Trials and regardless of how many times such Development Milestone Event is achieved or the number of Licensed Products that achieve such Development Milestone Event.
Thereafter, Omeros will provide Novo Nordisk with an invoice for the corresponding Development Milestone Payment, and Novo Nordisk will pay to Omeros such Development Milestone Payment no later than [***] days after its receipt of an invoice for such Development Milestone Payment.
For the avoidance of doubt, each Development Milestone Payment hereunder will be payable only once upon the first achievement of the applicable Development Milestone Event.

More Definitions of Development Milestone Payment

Development Milestone Payment has the meaning set forth in Section 4.2(a).

Development Milestone Payment has the meaning set forth in Section 3.3.

Development Milestone Payment has the meaning set forth in Section 9.2.1 (Milestone Payments).

Development Milestone Payment has the meaning set forth in 5.2(a)

Development Milestone Payment is defined in Section 2.13(a).

Development Milestone Payment is defined in Section 4.1.1 hereof.

Development Milestone Payment means each of Development Milestone Payment 1, Development Milestone Payment 2, Development Milestone Payment 3, Development Milestone Payment 4 and Development Milestone Payment 5.