Milestone 3 definition

Milestone 3 means achievement of annual Net Sales of at least $55,000,000 during any calendar year ending on or before December 31, 2024.

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Milestone 3 means the First Commercial Sale of an Acquired Product in any Major Market Country after receipt of Regulatory Approval for an Indication other than the Indication which resulted in the achievement of Milestone 2.

Milestone 3 means the achievement of NDA Approval with respect to the Product in the First Indication.

Examples of Milestone 3 in a sentence

Within twenty Business Days following the occurrence of Milestone 3, Borrower shall provide a written notice to Lender, in the form attached hereto as Exhibit A (the “Milestone 3 Notice”) stating the amount, if any, to be drawn by Borrower from the Tranche 3 Loan pursuant to this Section 2(a)(iii) (the “Tranche 3 Draw Amount”).
Upon receiving the Milestone 3 Notice, the Lenders shall pay to Borrower an amount equal to the Tranche 3 Draw Amount by wire transfer of immediately available funds to the account specified in such notice within three Business Days following receipt thereof.
If Milestone 3 has occurred and the Borrower determines, in its discretion, that it does not have enough cash at that time to cover the projected costs and expenses (as estimated by ▇▇▇▇▇▇▇▇, in its discretion) to reach Milestone 4 (the “Amount Needed for Milestone 4”), then Borrower shall be required to draw from the Tranche 3 Loan the difference between (A) the Amount Needed for Milestone 4 and (B) the amount of Borrower’s available cash at such time, up to the full amount of the Tranche 3 Loan.

More Definitions of Milestone 3

Milestone 3. As regards profits arising from technological development occurred after the first field trial of the crop intended for commercial use, ***% of the profits correspond to THE COMPANY and ***% to CONICET and UNL shared equally, that is, ***% to CONICET and ***% to UNL. The Parties agree that the share of profits will be determined on a case by case basis, according to the stage of the technological milestone achieved at the moment the profit is made. Consequently, the share of profits on each crop may vary as THE COMPANY, directly or through a third party, contributes to the technological development and to the resulting milestones. THE COMPANY may commission CONICET and UNL additional activities to promote the technological development and milestones. In such case, an additional share in the Gross Benefits or other kind of compensation according to the scale and importance of the contribution shall be agreed upon.

Milestone 3 means, on or prior to the Milestone 3 Deadline Date, achievement of Net Sales of Zurzuvae equal to or exceeding $300,000,000 in the United States during a calendar year.

Milestone 3 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 one billion five hundred million dollars ($1,500,000,000); provided that the final Milestone Measuring Period with respect to Milestone #3 shall end on the seventh anniversary of the Reference Date.

Milestone 3 means, the first time that the Net Sales of the Company in any Calendar Year ending on or prior to the Milestone Deadline Date is equal to or exceeds $500,000,000.

Milestone 3 has the meaning set out in Section 4.2(c);

Milestone 3 each mean the corresponding milestone event described in Exhibit 1.12.

Milestone 3 means the UPRR Phase 4B (SY 112) switch onto the new UPRR over I-70 bridge structure.