{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "implementation-plan", "type": "definition", "offset": [34, 53]}, {"key": "the-issue", "type": "clause", "offset": [75, 84]}, {"key": "satisfaction-certificate", "type": "clause", "offset": [90, 114]}, {"key": "in-respect-of", "type": "definition", "offset": [115, 128]}, {"key": "the-relevant", "type": "clause", "offset": [144, 156]}], "snippet": "means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;", "samples": [{"hash": "iIMLou7Ez9f", "uri": "/contracts/iIMLou7Ez9f#milestone-payment", "label": "Lease Agreement", "score": 36.4962425232, "published": true}, {"hash": "gb5zn1epMt5", "uri": "/contracts/gb5zn1epMt5#milestone-payment", "label": "Lease Agreement", "score": 36.4634284973, "published": true}, {"hash": "8xFYIL2XTKL", "uri": "/contracts/8xFYIL2XTKL#milestone-payment", "label": "Contract Order Form and Contract Terms", "score": 34.1315879822, "published": true}], "size": 131, "hash": "39d1947401625c9a2ca671b4d0298e16", "id": 1}, {"snippet_links": [{"key": "section-72", "type": "clause", "offset": [29, 40]}], "snippet": "has the meaning set forth in Section 7.2.", "samples": [{"hash": "1RPlgRUGH93", "uri": "/contracts/1RPlgRUGH93#milestone-payment", "label": "Termination and Transition Agreement", "score": 31.3408622742, "published": true}, {"hash": "7hi264u16vI", "uri": "/contracts/7hi264u16vI#milestone-payment", "label": "Development and Distribution Agreement (Surmodics Inc)", "score": 29.3367557526, "published": true}, {"hash": "gm8j2rWWA96", "uri": "/contracts/gm8j2rWWA96#milestone-payment", "label": "License, Marketing and Development Agreement (Alliqua, Inc.)", "score": 25.2245044708, "published": true}], "size": 92, "hash": "6020c8f278528ca94ed027c6e032c7ab", "id": 2}, {"snippet_links": [{"key": "section-41", "type": "clause", "offset": [29, 40]}], "snippet": "has the meaning set forth in Section 4.1.", "samples": [{"hash": "a9PrPGdHfap", "uri": "/contracts/a9PrPGdHfap#milestone-payment", "label": "License Agreement (Crescent Biopharma, Inc.)", "score": 37.0164260864, "published": true}, {"hash": "fk10BUIjEwW", "uri": "/contracts/fk10BUIjEwW#milestone-payment", "label": "License Agreement (Apogee Therapeutics, Inc.)", "score": 36.6084861755, "published": true}, {"hash": "jM6WW54FXP4", "uri": "/contracts/jM6WW54FXP4#milestone-payment", "label": "License Agreement (Oruka Therapeutics, Inc.)", "score": 36.175907135, "published": true}], "size": 89, "hash": "f318b55f2747929abdf1bfcd6c5a8a87", "id": 3}, {"snippet_links": [], "snippet": "has the meaning set forth in Section 3.2(a).", "samples": [{"hash": "camEfyQ6Suv", "uri": "/contracts/camEfyQ6Suv#milestone-payment", "label": "Asset Purchase Agreement (Immunome Inc.)", "score": 35.8254623413, "published": true}, {"hash": "janu2GLndmD", "uri": "/contracts/janu2GLndmD#milestone-payment", "label": "Asset Purchase Agreement (2seventy Bio, Inc.)", "score": 35.35181427, "published": true}, {"hash": "fgLrvN0fieE", "uri": "/contracts/fgLrvN0fieE#milestone-payment", "label": "Asset Purchase Agreement (VYNE Therapeutics Inc.)", "score": 33.0328559875, "published": true}], "size": 57, "hash": "e7925a152d118f4e7c093ed25a146745", "id": 4}, {"snippet_links": [{"key": "development-milestone-payment", "type": "definition", "offset": [10, 39]}, {"key": "sales-milestone-payment", "type": "clause", "offset": [43, 66]}], "snippet": "means any Development Milestone Payment or Sales Milestone Payment.", "samples": [{"hash": "kh7FFvuV1ts", "uri": "/contracts/kh7FFvuV1ts#milestone-payment", "label": "License Agreement (Maze Therapeutics, Inc.)", "score": 34.0171127319, "published": true}, {"hash": "caPpViMJUZ4", "uri": "/contracts/caPpViMJUZ4#milestone-payment", "label": "License Agreement (Maze Therapeutics, Inc.)", "score": 33.6995201111, "published": true}, {"hash": "8CXUJU0C9H0", "uri": "/contracts/8CXUJU0C9H0#milestone-payment", "label": "License Agreement (Maze Therapeutics, Inc.)", "score": 33.4695396423, "published": true}], "size": 49, "hash": "ab973bbee5ed9b1ca1ca8fabe3ad0019", "id": 5}, {"snippet_links": [{"key": "section-53", "type": "clause", "offset": [35, 46]}], "snippet": "shall have the meaning provided in Section 5.3.", "samples": [{"hash": "cqiUNj4Z4VD", "uri": "/contracts/cqiUNj4Z4VD#milestone-payment", "label": "Antibody Discovery and Option Agreement (Cyclerion Therapeutics, Inc.)", "score": 37.4353182752, "published": true}, {"hash": "b7O44Vuheo0", "uri": "/contracts/b7O44Vuheo0#milestone-payment", "label": "Antibody Discovery and Option Agreement (Galecto, Inc.)", "score": 37.1095123291, "published": true}, {"hash": "j60qavXUHR0", "uri": "/contracts/j60qavXUHR0#milestone-payment", "label": "Antibody Discovery and Option Agreement (Galecto, Inc.)", "score": 36.9561958313, "published": true}], "size": 41, "hash": "52c3a7aaee6f427022a1409309269300", "id": 6}, {"snippet_links": [{"key": "delivery-of-a", "type": "clause", "offset": [39, 52]}], "snippet": "means a payment made on the successful delivery of a Milestone.", "samples": [{"hash": "krorv0G95It", "uri": "/contracts/krorv0G95It#milestone-payment", "label": "Funding Agreement", "score": 26.2292957306, "published": true}, {"hash": "gP9DsgJLTuy", "uri": "/contracts/gP9DsgJLTuy#milestone-payment", "label": "Funding Agreement", "score": 26.2292957306, "published": true}, {"hash": "kVxwOF5jM0B", "uri": "/contracts/kVxwOF5jM0B#milestone-payment", "label": "Funding Agreement", "score": 26.1704311371, "published": true}], "size": 29, "hash": "82b0b850f5b8c5e21c3758835437a191", "id": 7}, {"snippet_links": [], "snippet": "has the meaning set forth in Section 1.11(a).", "samples": [{"hash": "glL150cQX7P", "uri": "/contracts/glL150cQX7P#milestone-payment", "label": "Merger Agreement (Bioventus Inc.)", "score": 32.244354248, "published": true}, {"hash": "fIXJhwYnP5z", "uri": "/contracts/fIXJhwYnP5z#milestone-payment", "label": "Asset Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "c3Eb9vYMJOF", "uri": "/contracts/c3Eb9vYMJOF#milestone-payment", "label": "Asset Purchase Agreement (Translate Bio, Inc.)", "score": 29.4134159088, "published": true}], "size": 29, "hash": "a5aa9bf98bdbb933c980e8c92ef31931", "id": 8}, {"snippet_links": [{"key": "section-5", "type": "definition", "offset": [24, 33]}, {"key": "the-issue", "type": "clause", "offset": [55, 64]}, {"key": "milestone-achievement-certificate", "type": "definition", "offset": [70, 103]}], "snippet": "a payment identified in Section 5 to be made following the issue of a Milestone Achievement Certificate;", "samples": [{"hash": "lrS20upbZsB", "uri": "/contracts/lrS20upbZsB#milestone-payment", "label": "Contract for Supplier Services", "score": 36.4675292969, "published": true}, {"hash": "aGiMcNPa8u1", "uri": "/contracts/aGiMcNPa8u1#milestone-payment", "label": "Contract Amendment", "score": 36.4634284973, "published": true}, {"hash": "683MMKTUDxm", "uri": "/contracts/683MMKTUDxm#milestone-payment", "label": "Supplier Services Contract", "score": 36.3324317932, "published": true}], "size": 26, "hash": "77656ad4052c69d0a3ddd20cb318aa27", "id": 9}, {"snippet_links": [{"key": "cvr-agreement", "type": "definition", "offset": [33, 46]}], "snippet": "has the meaning set forth in the CVR Agreement.", "samples": [{"hash": "kyCSuThc2w6", "uri": "/contracts/kyCSuThc2w6#milestone-payment", "label": "Transaction Agreement (Centessa Pharmaceuticals PLC)", "score": 37.2436676025, "published": true}, {"hash": "6fKULe5oLK3", "uri": "/contracts/6fKULe5oLK3#milestone-payment", "label": "Merger Agreement (Durect Corp)", "score": 36.57289505, "published": true}, {"hash": "aUkHtyEHrpo", "uri": "/contracts/aUkHtyEHrpo#milestone-payment", "label": "Merger Agreement (Verve Therapeutics, Inc.)", "score": 36.4579048157, "published": true}], "size": 23, "hash": "37a9082e2fcedd08ab3938c7f8effdb0", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIabWlsZXN0b25lLXBheW1lbnQjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Milestone Payment", "snippet": "means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;", "size": 1412, "id": "milestone-payment", "examples": ["The <strong>Milestone Payment</strong> Amount shall constitute a component of the aggregate consideration for the Purchased Interests for all purposes of this Agreement and shall not be contingent upon any condition, milestone or future event, or subject to any set-off or offset, and shall represent a firm and unconditional obligation of each of the Buyer Parties.", "Additional Fees shall accrue on the <strong>Milestone Payment</strong> Amount outstanding from time to time from the Closing Date through the date of payment in full in cash of all such amounts.", "For the avoidance of doubt, the occurrence of any such event shall render the <strong>Milestone Payment</strong> Amount, together with any Additional Fees and Expenses, immediately due and payable in cash, and the Buyer Parties\u2019 obligations under this Section 3.3(h) shall be in addition to, and not in limitation of, any other rights or remedies available to Seller under this Agreement or at law or in equity.", "Following receipt of such notice, Paragon shall invoice Korsa for such <strong>Milestone Payment</strong>, and Korsa shall make such <strong>Milestone Payment</strong> to Paragon or Paragon\u2019s designee within [***] after receipt of Paragon\u2019s invoice.", "Each <strong>Milestone Payment</strong> shall be paid no more than once per Royalty Product, and \u2587\u2587\u2587\u2587\u2587\u2019s total <strong>Milestone Payments</strong> hereunder per Royalty Product (together with any such <strong>Milestone Payments</strong> per each such Royalty Product achieved and payable pursuant to a subsequently executed License Agreement) shall not exceed Forty-Six Million Dollars ($46,000,000).", "For avoidance of doubt, upon achievement of any Milestone for a Royalty Product, all prior unachieved Milestones for such Royalty Product shall be deemed thereby achieved and, if the <strong>Milestone Payment</strong> for any such prior Milestone has not previously been paid, it shall thereupon also be paid at the same time that the <strong>Milestone Payment</strong> for such subsequent achieved Milestone is paid.", "The Buyer Parties have, and at all times through, and including on, the <strong>Milestone Payment</strong> Deadline, will have, sufficient cash on hand or other sources of immediately available funds to enable them to pay the <strong>Milestone Payment</strong> Amount (together with any Additional Fees and Expenses) as and when required by this Agreement.", "The <strong>Milestone Payment</strong> Amount and any Additional Fees and Expenses shall be paid in full in immediately available funds in cash without any right of setoff, offset, counterclaim, deduction, defense or recoupment of any kind whatsoever, and the Buyer Parties hereby unconditionally and irrevocably waive any and all such rights with respect thereto.", "The Buyer Parties have no reason to believe that any of the foregoing funds shall not be available as of the Closing or the <strong>Milestone Payment</strong> Deadline, as applicable.", "In no event shall the receipt by, or the availability of any funds or financing to, any Buyer Party or any of their respective Affiliates or any other financing be a condition to any Buyer Party\u2019s obligation to consummate the Transactions or pay any of the <strong>Milestone Payment</strong> Amount (together with any Additional Fees and Expenses) and the Closing Consideration, each as and when due."], "related": [["milestone-payments", "Milestone Payments", "<strong>Milestone Payments</strong>"], ["sales-milestone-payment", "Sales Milestone Payment", "Sales <strong>Milestone Payment</strong>"], ["development-milestone-payment", "Development Milestone Payment", "Development <strong>Milestone Payment</strong>"], ["milestone", "Milestone", "Milestone"], ["milestone-payment-date", "Milestone Payment Date", "<strong>Milestone Payment</strong> Date"]], "related_snippets": [], "updated": "2026-06-11T05:32:52+00:00"}, "json": true, "cursor": ""}}