Milestone Failure definition

Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

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Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date; Minimum SO Lease Term means a lease with a term of at least nine hundred and ninety (990) years; Minimum Unexpired Term means the relevant lease has an unexpired term of, having regard to the acknowledgment set out in paragraph 11 of the Agreed Principles, at least one hundred and twenty five (125) years; MMC Scheme means a Firm Scheme comprised of dwellings constructed using one of the Modern Methods of Construction;

Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date; Minimum Lease Duration means five (5) calendar years from the Start on Site Date;

Examples of Milestone Failure in a sentence

• Upon each Milestone Failure Date, the Warrant Price in effect on such Milestone Failure Date shall, at the election of the Registered Holder, be decreased to 115% of the VWAP for the five (5) Trading Days immediately following such Milestone Failure Date.

• With respect to each fiscal quarter ended after a Milestone Failure Date, if the cumulative Net Sales through such fiscal quarter ended exceed the cumulative Milestones such fiscal quarter, then all prior adjustments made pursuant to this paragraph (e) shall be reversed.

• The Rights Agent will promptly, and in any event within ten (10) Business Days of receipt of the Milestone Failure Notice, send each Holder at its registered address a copy of such Milestone Failure Notice.

• At the close of business on the second Business Day after the occurrence of a Milestone Failure Date (provided the occurrence of the event described in clause (A) above has not occurred), the LOC Bank may terminate the Letter of Credit.

• The Designated Entities agree that, if they should otherwise provide or participate in a credit facility to refinance the Existing DIP during the pendency of the Cases, then unless a Milestone Failure Event shall have occurred, they will offer the Plan Sponsors the opportunity to participate in up to 35% of the Designated Entities’ allocation of such refinancing credit facility.

More Definitions of Milestone Failure

Milestone Failure means a failure by the Relevant Consortium Member fully to achieve any Milestone by the relevant Milestone Date;

Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date; NHBC means the National House-Building Council;

Milestone Failure shall be deemed to occur, with respect to a fiscal quarter specified in the table contained in the definition of the term “Milestone”, if the Net Sales for such fiscal quarter do not exceed the Milestone for such fiscal quarter, as reported in the applicable Periodic Report.

Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date; Minimum Building Safety Standards means the building safety standards which must be met and requirements which the Grant Recipient must comply with in respect of each CASSH Dwelling (as applicable) comprised within a Named Project as set out in Sections

Milestone Failure means: (a) Start on Site does not occur on or before the Start on Site Date; or (b) Practical Completion does not occur on or before the Required Completion Date, or Homes England (acting reasonably) forms the opinion that Practical Completion will not occur on or before the Required Completion Date in which case Homes England shall notify the Applicant of the same in writing

Milestone Failure means the Corporation's failure to achieve one or more of the following milestones:

Milestone Failure means a failure by the Borough or any Contractor (as relevant) to achieve any Zone Milestone by the relevant Zone Milestone Date; Zone Output Schedule means the schedule annexed to this Agreement at Annexure 2; Zone Outputs means the aggregate of the Borough Zone Outputs and the Third Party Zone Outputs (as the same may be amended from time to time in accordance with the terms of this Agreement);