{"component": "definition", "props": {"groups": [{"snippet_links": [], "samples": [{"hash": "kyCSuThc2w6", "uri": "/contracts/kyCSuThc2w6#milestone-payment-date", "label": "Transaction Agreement (Centessa Pharmaceuticals PLC)", "score": 37.2436676025, "published": true}, {"hash": "ksc6smcxD5D", "uri": "/contracts/ksc6smcxD5D#milestone-payment-date", "label": "Contingent Value Rights Agreement (AT2B, Inc.)", "score": 37.09034729, "published": true}, {"hash": "hlphnie7Lpq", "uri": "/contracts/hlphnie7Lpq#milestone-payment-date", "label": "Contingent Value Rights Agreement (Day One Biopharmaceuticals, Inc.)", "score": 37.0136909485, "published": true}], "size": 91, "snippet": "has the meaning set forth in Section 2.4(a).", "hash": "216279cd6e5fab3f6b931775d753e461", "id": 1}, {"snippet_links": [{"key": "cvr-agreement", "type": "clause", "offset": [42, 55]}], "samples": [{"hash": "kQ7s0AQnvQ9", "uri": "/contracts/kQ7s0AQnvQ9#milestone-payment-date", "label": "Merger Agreement (Esperion Therapeutics, Inc.)", "score": 37.3285420945, "published": true}, {"hash": "imZvGXadZWr", "uri": "/contracts/imZvGXadZWr#milestone-payment-date", "label": "Merger Agreement (Metsera, Inc.)", "score": 36.7234764099, "published": true}, {"hash": "g8p1xfLeuSI", "uri": "/contracts/g8p1xfLeuSI#milestone-payment-date", "label": "Merger Agreement (Blueprint Medicines Corp)", "score": 36.4168395996, "published": true}], "size": 21, "snippet": "has the meaning given to such term in the CVR Agreement.", "hash": "82555715f68bd128ec85fe3b28991c11", "id": 2}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "by-the-company", "type": "clause", "offset": [64, 78]}, {"key": "business-days", "type": "clause", "offset": [108, 121]}, {"key": "following-the", "type": "definition", "offset": [122, 135]}, {"key": "first-date", "type": "definition", "offset": [136, 146]}], "samples": [{"hash": "fyfL9QCOHq4", "uri": "/contracts/fyfL9QCOHq4#milestone-payment-date", "label": "Contingent Value Rights Agreement (Bristol Myers Squibb Co)", "score": 31.1464748383, "published": true}, {"hash": "ktzR01KuOdc", "uri": "/contracts/ktzR01KuOdc#milestone-payment-date", "label": "Contingent Value Rights Agreement (Bristol Myers Squibb Co)", "score": 30.8836421967, "published": true}, {"hash": "8ihCO5UxBfq", "uri": "/contracts/8ihCO5UxBfq#milestone-payment-date", "label": "Contingent Value Rights Agreement (Bristol Myers Squibb Co)", "score": 30.8781661987, "published": true}], "size": 9, "snippet": "means, with respect to the Milestone, the date that is selected by the Company that is no later twenty (20) Business Days following the first date on which the Milestone is achieved.", "hash": "3f5ffc33730d3d58970f679e287088b1", "id": 3}, {"snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [6, 19]}, {"key": "the-relevant", "type": "clause", "offset": [62, 74]}], "samples": [{"hash": "pJBNQiSLHI", "uri": "/contracts/pJBNQiSLHI#milestone-payment-date", "label": "VCS Methodology Submission Form & Agreement", "score": 33.6170463562, "published": true}, {"hash": "eItBdfbLNN2", "uri": "/contracts/eItBdfbLNN2#milestone-payment-date", "label": "VCS Methodology Submission Agreement", "score": 27.4380569458, "published": true}, {"hash": "d82drxNhNsf", "uri": "https://verra.org/wp-content/uploads/2022/06/VCS-Methodology-Approval-Process-Submission-Form-v4.1.docx", "label": "verra.org", "score": 11.2272415161, "published": false}], "size": 9, "snippet": "means in respect of a Milestone, the date on which payment of the relevant fee is due to be paid;", "hash": "96659c84dca777f43cdb154eb7c425b9", "id": 4}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "business-days", "type": "clause", "offset": [71, 84]}, {"key": "following-the", "type": "definition", "offset": [85, 98]}, {"key": "the-applicable", "type": "clause", "offset": [123, 137]}, {"key": "milestone-notice", "type": "clause", "offset": [138, 154]}, {"key": "by-parent", "type": "clause", "offset": [167, 176]}, {"key": "to-the-rights-agent", "type": "clause", "offset": [177, 196]}], "samples": [{"hash": "ec33ps75q4", "uri": "/contracts/ec33ps75q4#milestone-payment-date", "label": "CVR Agreement (Supernus Pharmaceuticals, Inc.)", "score": 36.5783691406, "published": true}, {"hash": "15vMYp0fo9d", "uri": "/contracts/15vMYp0fo9d#milestone-payment-date", "label": "CVR Agreement (Supernus Pharmaceuticals, Inc.)", "score": 36.4989738464, "published": true}, {"hash": "5iQNKfHZkwI", "uri": "/contracts/5iQNKfHZkwI#milestone-payment-date", "label": "Agreement and Plan of Merger (Sage Therapeutics, Inc.)", "score": 36.455165863, "published": true}], "size": 9, "snippet": "means, with respect to a given Milestone, the date that is twenty (20) Business Days following the earlier of (a) the date the applicable Milestone Notice is provided by Parent to the Rights Agent, or (b) the date the applicable Milestone Notice is required to be provided by Parent to the Rights Agent.", "hash": "1fbbfeb87f8da4c4ac38826f64b7da24", "id": 5}, {"snippet_links": [{"key": "by-parent", "type": "clause", "offset": [32, 41]}, {"key": "business-days", "type": "clause", "offset": [69, 82]}, {"key": "following-the", "type": "definition", "offset": [83, 96]}, {"key": "date-of", "type": "clause", "offset": [97, 104]}, {"key": "the-applicable", "type": "clause", "offset": [124, 138]}], "samples": [{"hash": "hCYsmEjEQbY", "uri": "/contracts/hCYsmEjEQbY#milestone-payment-date", "label": "Contingent Value Rights Agreement (Alexion Pharmaceuticals, Inc.)", "score": 31.0725536346, "published": true}, {"hash": "lrcTMJtuWht", "uri": "/contracts/lrcTMJtuWht#milestone-payment-date", "label": "Merger Agreement (Alexion Pharmaceuticals, Inc.)", "score": 30.7878170013, "published": true}, {"hash": "byb2HC0o2o8", "uri": "https://media.alexion.com/static-files/70a4a471-7994-4770-863b-e40b07c03e3c", "label": "media.alexion.com", "score": 14.7783403397, "published": false}], "size": 6, "snippet": "means the date that is selected by Parent not more than fifteen (15) Business Days following the date of the achievement of the applicable Milestone.", "hash": "569f67ba5ef6dedd5699edc7915088f2", "id": 6}, {"snippet_links": [{"key": "by-parent", "type": "clause", "offset": [32, 41]}, {"key": "business-days", "type": "clause", "offset": [65, 78]}, {"key": "following-the", "type": "definition", "offset": [79, 92]}, {"key": "milestone-payment-amounts", "type": "definition", "offset": [125, 150]}], "samples": [{"hash": "jX02VD6dCLG", "uri": "/contracts/jX02VD6dCLG#milestone-payment-date", "label": "Agreement and Plan of Merger (Inhibrx, Inc.)", "score": 35.0588645935, "published": true}, {"hash": "fkbPi9yv0pO", "uri": "/contracts/fkbPi9yv0pO#milestone-payment-date", "label": "Contingent Value Rights Agreement (Ipsen, S.A.)", "score": 34.0595474243, "published": true}, {"hash": "dzXe3ny03Cg", "uri": "/contracts/dzXe3ny03Cg#milestone-payment-date", "label": "Merger Agreement (Albireo Pharma, Inc.)", "score": 34.0212173462, "published": true}], "size": 6, "snippet": "means the date that is selected by Parent not more than ten (10) Business Days following the end of the quarter in which the Milestone Payment Amounts can be determined following the occurrence of the Milestone.", "hash": "07dbef10f6d8329257f1189b9f3789ec", "id": 7}, {"snippet_links": [{"key": "payment-is-due", "type": "clause", "offset": [37, 51]}, {"key": "satellite-purchase-agreement", "type": "definition", "offset": [62, 90]}], "samples": [{"hash": "jephF9xAjhe", "uri": "/contracts/jephF9xAjhe#milestone-payment-date", "label": "Customer Credit Agreement (Sirius Satellite Radio Inc)", "score": 21.0, "published": true}, {"hash": "eqA5AvEyJUo", "uri": "/contracts/eqA5AvEyJUo#milestone-payment-date", "label": "Customer Credit Agreement (Loral Space & Communications Inc.)", "score": 21.0, "published": true}, {"hash": "7PMt9w0EJUW", "uri": "/contracts/7PMt9w0EJUW#milestone-payment-date", "label": "Customer Credit Agreement (Sirius Satellite Radio Inc)", "score": 21.0, "published": true}], "size": 5, "snippet": "means each date on which a Milestone Payment is due under the Satellite Purchase Agreement.", "hash": "d1ef437c18bd3083e031c055ec0a8e6d", "id": 8}, {"snippet_links": [{"key": "parent-holdco", "type": "definition", "offset": [35, 48]}, {"key": "business-days", "type": "clause", "offset": [72, 85]}, {"key": "following-the", "type": "definition", "offset": [86, 99]}, {"key": "date-of", "type": "clause", "offset": [100, 107]}], "samples": [{"hash": "iXcSFjXguWu", "uri": "/contracts/iXcSFjXguWu#milestone-payment-date", "label": "Contingent Value Rights Agreement (Shire PLC)", "score": 27.0561256409, "published": true}, {"hash": "jlXpwqTGqV0", "uri": "/contracts/jlXpwqTGqV0#milestone-payment-date", "label": "Contingent Value Rights Agreement (Shire PLC)", "score": 26.8343601227, "published": true}, {"hash": "jkmheT9ljVc", "uri": "/contracts/jkmheT9ljVc#milestone-payment-date", "label": "Merger Agreement (Shire PLC)", "score": 26.8343601227, "published": true}], "size": 5, "snippet": "means the date that is selected by Parent Holdco not more than ten (10) Business Days following the date of the achievement of the Milestone.", "hash": "bb31901626ca76dcea3f2c7cc664225a", "id": 9}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [11, 26]}, {"key": "revenue-milestone", "type": "definition", "offset": [36, 53]}, {"key": "sale-milestone", "type": "definition", "offset": [67, 81]}, {"key": "milestone-1", "type": "definition", "offset": [100, 111]}, {"key": "following-the", "type": "definition", "offset": [126, 139]}, {"key": "calendar-quarter", "type": "definition", "offset": [151, 167]}, {"key": "milestone-2", "type": "definition", "offset": [246, 257]}, {"key": "measurement-period-2", "type": "definition", "offset": [293, 313]}, {"key": "corresponding-transaction", "type": "definition", "offset": [322, 347]}], "samples": [{"hash": "8nave0hkBZF", "uri": "/contracts/8nave0hkBZF#milestone-payment-date", "label": "Contingent Value Right Agreement (Lumos Pharma, Inc.)", "score": 35.9459266663, "published": true}, {"hash": "8FuTInAl3jS", "uri": "/contracts/8FuTInAl3jS#milestone-payment-date", "label": "Contingent Value Right Agreement (Lumos Pharma, Inc.)", "score": 35.8090362549, "published": true}, {"hash": "9Zn1jC0NCYs", "uri": "https://investors.lumos-pharma.com/static-files/2d753c56-46f5-4a62-a87f-b9f07f367135", "label": "investors.lumos-pharma.com", "score": 19.7250404358, "published": false}], "size": 5, "snippet": "means, (a) with respect to each Net Revenue Milestone, and Company Sale Milestone, or a Transaction Milestone 1, the 60th day following the end of the Calendar Quarter in which such Milestone is achieved, and (b) with respect to each Transaction Milestone 2, the 60th day following the end of Measurement Period 2 for the corresponding Transaction.", "hash": "830c7694cf410f105ed5d9a8ec9b049e", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIfbWlsZXN0b25lLXBheW1lbnQtZGF0ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Milestone Payment Date", "size": 203, "snippet": "has the meaning set forth in Section 2.4(a).", "id": "milestone-payment-date", "examples": ["Parent will pay through the Surviving Corporation\u2019s or another of its Affiliates\u2019 payroll system, payroll provider or standard accounts payable procedure, as applicable, for payment to the Holders of Equity Award CVRs the amount necessary to pay any applicable Milestone Payment Amount to each Holder of an Equity Award CVR (less applicable Tax withholdings and other authorized deductions) within five (5) Business Days of the <strong>Milestone Payment Date</strong>, subject to Section 2.4(b)."], "related": [["milestone-payment", "Milestone Payment", "Milestone Payment"], ["sales-milestone-payment", "Sales Milestone Payment", "Sales Milestone Payment"], ["milestone-payments", "Milestone Payments", "Milestone Payments"], ["development-milestone-payment", "Development Milestone Payment", "Development Milestone Payment"], ["milestone", "Milestone", "Milestone"]], "related_snippets": [], "updated": "2026-05-03T04:25:59+00:00"}, "json": true, "cursor": ""}}