Financing Milestone definition
Financing Milestone means the date set forth on the Cover Sheet for Seller to demonstrate the Facility’s eligibility for the ITC.
Financing Milestone means the date set forth on the Cover Sheet for Seller to satisfy the following requirements demonstrating the Facility’s eligibility for the PTC: delivery of evidence to Buyer that the Facility commenced construction in 2016.
Financing Milestone. Satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; and (b) Borrower shall have delivered evidence satisfactory to Agent (including supporting documents as reasonably requested by Agent) that Borrower has raised an aggregate amount of at least Three Hundred Fifty Million Dollars ($350,000,000) in Qualified Equity Issuance Net Proceeds between June 4, 2025 and December 15, 2026.
Examples of Financing Milestone in a sentence
The Initial Test Date shall be extended to January 1, 2027 upon the occurrence of the Financing Milestone.
More Definitions of Financing Milestone
Financing Milestone means Borrowers’ receipt of at least $5,000,000 in cash proceeds from the sale and issuance of its equity securities (or convertible note securities that are subject to a subordination agreement in form and substance satisfactory to Lenders).
Financing Milestone means the date set forth on the Cover Sheet for Seller to satisfy the following requirements demonstrating the Facility’s eligibility for the [ITC/PTC] by [Seller to propose suggested criteria for establishing eligibility, e.g., safe harboring of equipment prior to sunset dates, tax counsel opinion, etc.].
Financing Milestone has the meaning set forth in Section 3.2(e).
Financing Milestone has the meaning set forth in Appendix I.
Financing Milestone means the date set forth on the Cover Sheet for Seller to satisfy the obligations set forth in Section 2.5.
Financing Milestone means satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; and (b) Parent has received at least One Hundred Fifty Million Dollars ($150,000,000.00) in cumulative unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction) cash proceeds from one or more bona fide equity financings, Subordinated Indebtedness (which, for the avoidance of doubt, may include the net proceeds received from the NovaQuest Note Documents) and/or upfront net cash proceeds from corporate collaborations, licensing arrangements or similar arrangements, in each case, after October 1, 2017 and prior to December 31, 2018, subject to verification by Agent (including supporting documentation requested by Agent) in its reasonable discretion , but excluding, for the avoidance of doubt, any proceeds received under this Agreement or any other Loan Document.
Financing Milestone. Condition Precedent. The effectiveness of the grant under Article 2 of this Agreement is conditioned upon Company achieving the FINANCING MILESTONE on or before that day that is nine (9) months after the EFFECTIVE DATE (or upon any later date as Company and JHU may hereafter agree in writing). Upon Company’s achievement of the FINANCING MILESTONE, Company shall so inform JHU in writing and this Agreement shall be deemed to be effective as of the EFFECTIVE DATE. Prior to the achievement of the FINANCING MILESTONE, Articles 4, 8, 9, and 10 shall apply. In the event that the FINANCING MILESTONE is not achieved prior to the deadline stated in this Paragraph 2.4, this Agreement shall thereupon and thereafter be null and void except for any pre-termination obligations of Company under Paragraphs 3.8 and 4.1.