Fourth Milestone definition
Fourth Milestone has the meaning set forth in Section 1.3(a).
Fourth Milestone. Fifth Milestone", and "Sixth Milestone", respectively.
Fourth Milestone means the later to occur of: (i) the *** Successful implantation of a product within the PROW FUSION-V Product Family and (ii) the *** Successful implantation of a product within the PROW FUSION-L Product Family.
Examples of Fourth Milestone in a sentence
The Applicable Percentage shall be subject to increase or, solely in the case of achieving the Fourth Milestone Components, decrease, as set forth below.
More Definitions of Fourth Milestone
Fourth Milestone means the achievement of all Fourth Milestone Components. “Fourth Milestone Component” means each of Automation Milestone 4, Cost Milestone 4, Sales Milestone 4 or Technology Milestone 4. “Fourth Milestone Test Date” means April 30, 2025; provided, however, with respect to Sales Milestone 4, “Fourth Milestone Test Date” means July 31, 2025. “Milestone” means the First Milestone, the Second Milestone, the Third Milestone or the Fourth Milestone, as applicable. “Milestone Component” means the First Milestone Components, the Second Milestone Components, the Third Milestone Components or the Fourth Milestone Components, as applicable. “Milestone Test Date” means the First Milestone Test Date, Second Milestone Test Date, Third Milestone Test Date, or the Fourth Milestone Test Date, as applicable. “Quality Yield” means the percentage obtained by dividing (i) the number of Z3 battery modules accepted during the Effective Hours, as measured by the quality acceptance criteria at the end of Line 1 (as a fully operating line of production), by (ii) the number of Z3 battery modules produced during the Effective Hours, in each case measured over the course of the full calendar month ending on the applicable Milestone Test Date. “Sales Milestone 1” means the achievement of receipt of not less than [*] Dollars ($[*]) of aggregate payments from customers through and including completion of factory acceptance tests of EOS Cubes pursuant to the terms of purchase orders for, or other similar customer agreements for the purchase of, EOS Cubes powered by Z3 battery modules, through and including the First Milestone Test Date. For the avoidance of doubt any deposits or payments refunded or otherwise returned to any customer for any shall reduce the calculation of deposits or payments (as applicable) for purposes of the foregoing. For the avoidance of doubt, such computation of receipts shall include all such receipts from the Closing Date through such Milestone Test Date. “Sales Milestone 2” means the achievement of each of (i) receipt of not less than [*] Dollars ($[*]) of aggregate payments from customers in the ordinary course of business upon the signing of purchase orders for, or other similar customer agreements for the purchase of, EOS Cubes powered by Z3 battery modules through and including the Second Milestone Test Date and (ii) receipt of not less than [*] Dollars ($[*]) of aggregate payments from customers through and including completion of factory acceptance tests...
Fourth Milestone has the meaning given in Section 5.01(d).
Fourth Milestone means [...***...]; and (z) “Fifth Milestone” means [...***...
Fourth Milestone means the achievement by Parent of Adjusted EBITDA for the 2020 Fiscal Year of Parent of at least the applicable Adjusted EBITDA Threshold.
Fourth Milestone means $100,000,000 in gross sales of all ACCESS Products in any trailing twelve-month period.
Fourth Milestone has the meaning set forth in Section 3.1(d) of the Agreement.
Fourth Milestone. Completion of "Print Design Publishing Tool". Fifth milestone: Delivery of final Work with all features specified in the Addendum, Exhibit "A".