Milestone 5 definition

Milestone 5 means the achievement of worldwide aggregate Net Sales of the Product (inclusive of all Indications) of at least two hundred fifty million U.S. dollars ($250,000,000), calculated on a cumulative basis for all Calendar Years (or portion thereof), provided that Milestone 3 is achieved by or before December 31, 2030.

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Milestone 5 means FDA approval of a NDA for FX301.

Milestone 5 has the meaning assigned to it in the Project Agreement.

Examples of Milestone 5 in a sentence

If Milestone 5 has not occurred on or before April 30, 2026 (the “Milestone 5 Deadline”), Borrower shall have no right to receive any portion of the Tranche 5 Loan, unless otherwise agreed in writing by ▇▇▇▇▇▇.
Upon receiving the Milestone 5 Notice, the Lenders shall pay to Borrower an amount equal to the Tranche 5 Draw Amount by wire transfer of immediately available funds to the account specified in such notice within three Business Days following receipt thereof.
Within three Business Days following the Milestone 5 Deadline, Borrower shall provide a written notice to Lender, in the form attached hereto as Exhibit A (the “Milestone 5 Notice”) stating the amount, if any, to be drawn by Borrower from the Tranche 5 Loan pursuant to this Section 2(a)(v) (the “Tranche 5 Draw Amount” and, together with the Tranche 1 Draw Amount, the Tranche 2 Draw Amount, the Tranche 3 Draw Amount and the Tranche 4 Draw Amount, the “Draw Amounts”).
The warrants shall expire upon the earlier of (i) sixty (60) days following the achievement of Milestone 5 or (ii) September 30, 2026, and will be exercisable by the Lender at any time, subject to the restrictions in Section 10; provided that, the foregoing notwithstanding, the Warrants shall not expire until at least sixty (60) days after shareholder approval of this Note and the Warrants has been obtained as contemplated by Section 10(g) below.

More Definitions of Milestone 5

Milestone 5. [ ]* [ ]* Milestone 6: [ ]* [ ]*. Each milestone is independent, so that the achievement of any one milestone with respect to a Research Compound or Product does not require payment of lower numbered unachieved milestones with respect to that Compound or Product.

Milestone 5 means cumulative Net Sales of the Product Candidate exceeding three hundred million dollars ($300,000,000), inclusive of Milestone #4, but only if the foregoing Milestone is achieved no later than the Milestone Target Date.

Milestone 5. Unified Insights Deployment

Milestone 5 shall have the meaning as defined in SECTION 4.2(v).

Milestone 5 means the Borrower has received approval from the Data Monitoring and Safety Board (DMSB) to proceed with dosing patients in Cohort 2 of the Study.

Milestone 5. CubeRover EM Integrated with Cable Reel Target Date: ATP + 10.5 Months Entrance Criteria: 1. CubeRover, Cable, and Reel Engineering Model Integration and Test Plan has been drafted. 2. CubeRover, Cable, and Reel Master Build Reports are complete. Success Criteria: 1. CubeRover, Cable, and Reel Engineering Model Integration and Test report uploaded to NASA server. 2. CubeRover, Cable, and Reel Engineering Model Integration and Test report reflects the as assembled & integrated CubeRover EM / Cable and Reel EM.

Milestone 5. For New South Wales, Victoria and South Australia only, the State has provided a brief description of supply measure projects for which feasibility and business cases are being developed for consideration under the SDL adjustment mechanism