Milestone Trigger definition

Milestone Trigger means the First Milestone Trigger, Second Milestone Trigger, Third Milestone Trigger or Fourth Milestone Trigger, as applicable.
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Milestone Trigger with respect to a Milestone Payment shall mean (x) in the case of a Milestone Payment referred to in Section 6.3(a)(i), ****************************************, as the case may be, with respect to such Product and (y) in the case of a Milestone Payment referred to in Section 6.3(a)(ii) or (iii), the establishment and approval by the Committee of ************************* with respect to such Product, provided, that the effectiveness of such establishment and approval of ************************* as a Milestone Trigger shall be conditioned upon Dermion's continued cooperation and provision of assistance to Ciba (to the extent reasonably requested by Ciba) in connection with the ********************************************* with respect to such Product.
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Milestone Trigger means the commencement of the first Phase 3 Clinical Trial in any Major Market Country.
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Examples of Milestone Trigger in a sentence

  • Five hundred thousand dollars ($500,000.00) [REDACTED: Milestone Trigger].

  • The provisions of this Section 5.2 shall be applicable if the Option Trigger Event is the Monterey Milestone Trigger Event.

  • The Company shall provide written notice to Accuray promptly upon the occurrence of the Monterey Milestone Trigger Event.

  • On or before the fifth Business Day following (i) any Sales Milestone Trigger Date and (ii) July 1, 2024, unless prior to such date one or more Regulatory Approval Payment Notices was delivered to the Rights Agent indicating both FDA Preferred Product Label Approval and EMA Preferred Product Label Approval had been achieved, Parent will deliver to the Rights Agent a notice (the “Milestone Notice”) indicating whether a Sales Milestone was achieved.

  • The Company shall provide written notice to Accuray at least sixty (60) days (but not more than seventy-five (75) days) prior to the Company’s good faith anticipated date of the Monterey Milestone Trigger Event.

  • By: Name: Title: Exhibit C [REDACTED: License agreements exhibit] Exhibit D [REDACTED: Form of licensee consent exhibit] Exhibit E Milestone Consideration Milestone Payment [REDACTED: Milestone Trigger].

  • Seven hundred fifty thousand dollars ($750,000.00) [REDACTED: Milestone Trigger].

  • If no Milestone Trigger is selected from the drop-down list for any field(s), automatic loan resubmissions for those fields will occur at any time, regardless of milestone completions.

  • Three hundred fifty thousand dollars ($350,000.00) [REDACTED: Milestone Trigger].

  • Seller shall give Purchaser written notice within [***] ([***]) Business Days after the occurrence of each Milestone Trigger.


More Definitions of Milestone Trigger

Milestone Trigger with respect to a Milestone Payment shall mean (x) in the case of a Milestone Payment referred to in Section 6.3(a)(i), ****, as the case may be, with respect to such Product and (y) in the case of a Milestone Payment referred to in Section 6.3(a)(ii) or (iii), the establishment and approval by the Committee of **** with respect to such Product, provided, that the effectiveness of such establishment and approval of **** as a Milestone Trigger shall be conditioned upon Dermion's continued cooperation and provision of assistance to Ciba (to the extent reasonably requested by Ciba) in connection with the **** with respect to such Product.
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Milestone Trigger is the event set forth in Section 6.2 of the Collaboration Agreement.
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Related to Milestone Trigger

  • Milestone Event has the meaning set forth in Section 8.4.

  • Development Milestone Event has the meaning set forth in Section 7.1.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Sales Milestone Payment is defined in Section 5.3.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

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

  • Milestone Payment 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;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Company Triggering Event means: (i) the failure of the Board of Directors of the Company to recommend that the Company's stockholders vote to adopt this Agreement, or the withdrawal or modification of the Company Board Recommendation in a manner adverse to Parent, or the Board of Directors shall have taken any other action that is or becomes disclosed publicly or to a third party, which indicates that the Board of Directors of the Company does not support the Merger or does not believe that the Merger is in the best interests of the Company's stockholders; (ii) the Company shall have failed to include in the Proxy Statement the Company Board Recommendation or a statement to the effect that the Board of Directors of the Company has determined and believes that the Merger is in the best interests of the Company's stockholders; (iii) an Acquisition Proposal is publicly announced and the Board of Directors of the Company fails to reaffirm without qualification the Company Board Recommendation, or fails to publicly state without qualification, that the Merger is in the best interests of the Company's stockholders, within five business days after Parent requests in writing that such action be taken; (iv) the Board of Directors of the Company shall have approved, endorsed or recommended any Acquisition Proposal; (v) the Company shall have failed to comply with Section 5.04 in any material respect; (vi) a tender or exchange offer relating to securities of the Company shall have been commenced and the Company shall not have sent to its securityholders, within ten business days after the commencement of such tender or exchange offer, a statement disclosing that the Board of Directors recommends rejection of such tender or exchange offer; (vii) an Acquisition Proposal is publicly announced, and the Company fails to issue a press release announcing its opposition to such Acquisition Proposal within ten business days after such Acquisition Proposal is announced; or (viii) either the Company or any of its subsidiaries or any their Representatives shall have breached any of the provisions set forth in Section 5.04 (in any material respect) or Section 6.15.