Event Milestone definition

Event Milestone shall have the meaning set forth in Section 5.2(a).
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Event Milestone within thirty (30) days after the occurrence of such Event Milestone with respect to a Licensed Product *: Event Milestone Event Milestone Payment Commencement of * * Successful Resolution of * * Commencement of * * Commencement of * * Acceptance for * * Acceptance for * * Acceptance for * * Acceptance for * * Acceptance for * * Acceptance for * * Launch of * * Launch of * * Launch of * * Launch of * * Launch of * * Launch of * * For purposes of this Section 5.3(a), “Successful Resolution of *” means *. Each Event Milestone Payment in the table above in this Section 5.3(a) shall be payable one time only even if the corresponding Event Milestone occurs or is achieved with respect to more than one Licensed Product *. Each Event Milestone Payment in the table above in this Section 5.3(a) corresponding to an Event Milestone that is described as * shall be payable one time only even if the corresponding Event Milestone occurs or is achieved *. For the avoidance of doubt: (i) each Event Milestone Payment in the table above in this Section 5.3(a) shall be payable only on the first occurrence of the corresponding Event Milestone; (ii) none of the Event Milestone Payments in the table above in this Section 5.3(a) shall be payable more than once; (iii) should a Licensed Product *, as the case may be, be replaced or succeeded in development by another Licensed Product *, then no additional Event Milestone Payments shall be due for Event Milestones already met with respect to any Licensed Product *; and (iv) the reference to *within an Event Milestone means the first Licensed Product * to reach such Event Milestone. Each Event Milestone Payment in the table above in this Section 5.3(a) shall be irrevocable, non-refundable and, except as provided in Section 15.5, non-creditable toward any other payment due Celldex under this Agreement.
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Event Milestone shall have the meaning assigned to it in Section 9.2(a).
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Examples of Event Milestone in a sentence

  • Q: When I first visited and talked to people here about the new system there was talk of ‘forcing responsibility and accountability down the management line’, ‘changing the culture’ and ‘redis- tributing power’.

  • If the first Event Milestone Payment payable under Section 7.4 in respect of any Additional Target is payable before the amount payable under this Section 7.3 in respect of such Additional Target is payable, such amount payable under this Section 7.3 shall be paid at the same time as such Event Milestone Payment is payable.

  • Subject to the terms and conditions of this Agreement Merck shall pay to Ablynx the following milestone payments: Proof of Concept Milestone* Event Milestone Payment [...***...

  • Sales Milestone Event Milestone Payment […***…] […***…] […***…] […***…] […***…] […***…] Total […***…] Under no circumstances shall Bayer be obligated to pay Dimension more than […***…] pursuant to this Section 6.3. For the avoidance of doubt, more than one of the foregoing milestones with respect to the relevant aggregate Net Sales may occur in any given calendar year.

  • Milestone Event Milestone Payment for [***] Distinct IP Asset Family 1 Product Milestone Payment for [***] Distinct IP Asset Family 1 Product [***] $ [***] $ [***] [***] $ [***] $ [***] [***] $ [***] $ [***] [***] $ [***] $ [***] [***] $ [***] $ [***] Company shall make the appropriate Milestone Payment within [***] days after the achievement of such Milestone Event.

  • Within thirty (30) days following the first achievement of each of the following milestone events, Eton shall pay to Eyemax the corresponding milestone payment: Milestone Event Milestone Payment Eyemax obtaining Registration for Product $ 250,000 First Commercial Sale of Product $ 500,000 5.3 Royalties.

  • Milestone Event Milestone Payment in US Dollars [*] [*] dollars ($[*]) [*]* [*] dollars ($[*]) [*]** [*] dollars ($[*]) * If [*], then Xxxxxxx shall, notwithstanding anything to the contrary, pay PPD a milestone payment of [*] dollars ($[*]) within forty-five (45) days of receipt of an invoice from PPD after [*], and Xxxxxxx will then pay PPD a milestone payment of [*] dollars ($[*]) within forty-five (45) days of receipt of an invoice from PPD after [*].

  • It is clear that distribution network cost, which will be determined as part of the price control process, has a significant impact on the final gas bill for consumers.

  • Milestone Event Milestone Payment [***] first exceed $[***] $ [***] [***] first exceed $[***] $ [***] [***] first exceed $[***] $ [***] [***] first exceed $[***] $ [***] Total $ 495,000,000 ***Text Omitted and Filed Separately with the Securities and Exchange Commission.

  • Development Milestone Event Milestone Payment [***] $[***] Notwithstanding the foregoing, if ZAI’s Development activities cause TESARO to owe Merck a milestone payment under the “Development Milestone” section of Section 7.02 of the Merck Agreement and TESARO has not received from ZAI a corresponding milestone payment under this Section 8.2(a), then ZAI shall pay to TESARO, in accordance with the terms of this Agreement the amount of the milestone payment owed by TESARO to Merck.


More Definitions of Event Milestone

Event Milestone has the meaning set forth in Section 4.2.
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Related to Event Milestone

  • Development Milestone Event has the meaning set forth in Section 7.1.

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

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Sales Milestone Payment is defined in Section 5.3.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Threshold Event Cure shall have the meaning assigned to such term in Section 5(g).

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Notice-triggering PI means the PI identified in CCC § 1798.29(e) whose 25 unauthorized access may trigger notification requirements under CCC § 1709.29. For purposes of this 26 provision, identity shall include, but not be limited to, name, identifying number, symbol, or other 27 identifying particular assigned to the individual, such as a finger or voice print, a photograph or a 28 biometric identifier. Notice-triggering PI includes PI in electronic, paper or any other medium.

  • Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof: