Milestone 1 definition

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

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Milestone 1. As regards profits from technological development prior to obtaining transgenic events in the crop intended for commercial use ***% of THE COMPANY’s profit correspond to CONICET and UNL shared equally, that is, ***% correspond to CONICET, ***% to THE UNIVERSITY and ***% to THE COMPANY.

Milestone 1 means the first milestone in the Initial Scope of Work, as set forth in Exhibit J to the Agreement.

Examples of Milestone 1 in a sentence

• Subject to the provisions of Section 8, the shareholders hereby represent and warrant that the representations and warranties set forth in Appendix 7.2(i) are true and accurate as of the date of execution of this Agreement and as of the dates of Closing Milestone 1, Closing Milestone 2, Closing Milestone 3, and Closing Milestone 4.

• The contribution shall be made by subscribing to such number of newly issued registered shares of the company at CHF 1.00 each (each a Milestone 1 Share) as corresponds to the respective Milestone 1 Issue Amount divided by the issue price, rounded down to the last whole number of Milestone 1 Shares.

• For clarification: The issue amount Milestone 1, the issue amount Milestone 2, the issue amount Milestone 3, and the issue amount Milestone 4 may only be paid by each investor by offsetting it against the share of Earn-Out Claim 1, Earn-Out Claim 2, earn-out claim 3, and earn-out claim 4, respectively.

• The Milestone Payment Amount with respect to Milestone 1 shall only be paid in respect of Milestone 1, if at all, one time under this Agreement, and the Milestone Payment Amount with respect to Milestone 2 shall only be paid in respect of Milestone 2, if at all, one time under this Agreement.

More Definitions of Milestone 1

Milestone 1 means the first achievement of Successful Completion with respect to any Acquired Product for one or more Indication(s).

Milestone 1 means an approval issued by the FDA for Filsuvez, with any such approval to include a labelled indication related to wound healing in patients with recessive dystrophic epidermolysis bullosa (or a broader indication) at any time on or after the date of the Transaction Agreement or prior to the relevant Milestone Deadline Date; provided that such approval is not granted by the FDA under 21 C.F.R. §§ 314.510 of FDA’s regulations (i.e., accelerated approval).

Milestone 1 means the completion of the last patient’s last visit in the Pivotal Study for the Product.

Milestone 1 means the first time that the Net Sales in any Fiscal Year ending on or prior to the Milestone 1 Deadline Date is equal to or exceeds $100,000,000.

Milestone 1 means the first instance in which the aggregate Product Sales in the United States during any Milestone Measuring Period equals or exceeds a total of eight hundred million dollars ($800,000,000); provided that the final Milestone Measuring Period with respect to Milestone #1 shall end on the fifth anniversary of the Reference Date.

Milestone 1 means, on or prior to the Milestone 1 Deadline Date, the first commercial sale in Japan after Regulatory Approval in Japan to a third-party customer of the pharmaceutical product that, as of the date of this Agreement, is marketed in the United States under the name Zurzuvae and is the subject of the current regulatory filing (including any amended filings based thereon) by Shionogi & Co., Ltd., inclusive of its Affiliates, in Japan for Major Depressive Disorder.

Milestone 1 means the first achievement by a Selling Entity of Regulatory Approval of an Injection Product.