Milestone Payment 1 definition
Examples of Milestone Payment 1 in a sentence
The Contractor may request payment of Milestone Payment 1: Commercial Operation Payment (certain percentage of the Total Incentive) upon submission toand approval by NYSERDA of documentation sufficient to demonstrate that the system has achieved Commercial Operation.
Milestone 1: Initiation of the first Phase II Clinical Trial, or three (3) years from the Effective Date (whichever is the first to occur) Milestone Payment 1: One Hundred and Eighty Thousand dollars ($180,000.00) [*] [*] [*] [*] Each Milestone Payment is payable only once on the first occurrence on the specified Milestone.
By way of example, if all of the conditions set forth in this Section 9.3(c)(i)—(iv) are met and Zai makes a Regulatory Submission for the Lead Product in the PRC [*] after Regulatory Submission of the Lead Product in the U.S. (resulting in a total Reduction Amount of [*]), then [*] of the Reduction Amount shall first be applied to Milestone Payment 1 above, and the remaining [*] of the Reduction Amount shall then be applied to Milestone Payment 2 above.
Collectively Milestone Payment 1, Milestone Payment 2, Milestone Payment 3, Milestones Payment 4 and Milestone Payment 5 are referred to herein as “Milestone Payments”.
Development Milestone Event Development Milestone Payment 1 [***] [***] 2 [***] [***] 3 [***] [***] 4 [***] [***] 5 [***] [***] 6 [***] [***] 7 [***] [***] 8 [***] [***] 9 [***] [***] 10 [***] [***] 11 [***] [***] 12 [***] [***] 13 [***] [***] Total [***] [***].
Unless the Milestone Payment 1 has been earned and paid out to the Members previously, Parent covenants that the Achievement of Milestone 1 shall be determined on December 31, 2008.
If Milestone Event 1 is achieved by or on behalf of the Company Group on or after the Execution Date and Milestone Payment 1 is included in the Estimated Closing Date Statement delivered in accordance with Section 3.6(a) of the Agreement, the amount of Milestone Payment 1 will be included in the Base Purchase Price and payable at the Closing in accordance with the Agreement, notwithstanding the fact that Milestone Event 1 has been achieved prior to the Closing.
The Contractor may request payment of Milestone Payment 1: Commercial Operation Payment (25% of the Total Incentive) upon submission to and approval by NYSERDA of all required deliverables for achieving the milestone, as detailed in the Bulk Energy Storage Incentive Program Manual, which deliverables shall include, but are not limited to, the system beginning Commercial Operation.
The Contractor may request payment of Milestone Payment 1: Commercial Operation Payment (70% of the Total Incentive) upon submission to and approval by NYSERDA of documentation sufficient to demonstrate that the system has achieved Commercial Operation.
GSK shall pay to Amicus the amount set forth below for the achievement of the corresponding filing and approval milestones by GSK, its Affiliate or Sublicensee (or in the case of the Milestone 1 in the table below, by Amicus or its Affiliate): Filing and Approval Milestone Event Milestone Payment 1.