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.

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. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

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

Examples of Milestone 3 in a sentence

• Milestone #3: No later than September 30, 2022, or as soon as reasonably practicable thereafter as determined by the qualifying HIE organization, initiate use of the SDOH Closed-Loop Referral Platform operated by the qualifying HIE organization.

• Milestone 3 – Completion of a “bankable feasibility study” which indicates that commercial production from the NorthMet Project is viable.

• The terms of the deferred payments are summarized as follows: Milestone 1: payable upon announcement of a Preliminary Economic Assessment;Milestone 2: payable upon announcement of a Feasibility Study on the requisite properties; and Milestone 3: payable upon announcement of a positive construction decision.

• At the Annual General Meeting of shareholders of the Company, held on 21 June 2006, the shareholders approved the issuance of shares under Milestone 3.

• These milestones are:• Milestone 1: Program Admission• Milestone 2: Involved Learner Review• Milestone 3: Effective Practitioner Review• Milestone 4: Authentic Professional Review• Milestone 5: Clinical Practice/Student Teaching Admission• Milestone 6: Clinical Practice/Student Teaching Exit• Milestone 7: Graduation Specific dates, deadlines, and competencies for each milestone are detailed in the M.A.T. Candidate Handbook.

More Definitions of Milestone 3

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

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

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

Milestone 3 is amended by deleting it in its entirety and replacing it with the following:

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 shall be reached when Titan completes the second deliverables required in Schedule A, each of which meets every corresponding requirement set out in Schedule A (“[Redacted] Prototype Deliverables”). Titan shall deliver to Medtronic the [Redacted] Prototype Deliverables, and any related documentation and testing results, no later than six (6) months from the later of (a) receipt by Titan of Payment 1, (b) receipt by Titan from Medtronic of all Materials required under Schedule A for Milestone 3, and (c) receipt by Titan from Medtronic of [Redacted].