Milestone Events definition
Examples of Milestone Events in a sentence
For the avoidance of doubt, the potential aggregate total of all Commercial Milestone Payments payable for Licensed Products under this Agreement if all Commercial Milestone Events are achieved will be [***].
If Novo Nordisk or its Affiliates, licensees, assignees, or Sublicensees achieve all Sales Milestone Events, then the Sales Milestone Payments payable by Novo Nordisk under this Section 7.3 (Sales Milestones) will not exceed $1,300,000,000.
For the avoidance of doubt, the potential aggregate total of all Regulatory Approval Milestone Payments payable for Licensed Products under this Agreement if all Regulatory Approval Milestone Events are achieved will be one hundred and fifty million Dollars ($150,000,000).
All Royalty Reports and reports identifying Milestone Events will be considered Confidential Information of Cyclerion.
If Novo Nordisk or its Affiliates, licensees, assignees, or Sublicensees achieve all Development Milestone Events (regardless of the number of times such events occur or the number of Covered Products that trigger such event), then the Development Milestone Payments payable by Novo Nordisk under this Section 7.2.1 (Development Milestone Events and Payments) will not exceed $510,000,000.