Milestone Two definition

Milestone Two means, with respect to any Project, the day on which the following has occurred (as certified by the Borrowers in a Borrowing Base Certificate): the Project has reached Substantial Completion.

Milestone Two means, with respect to any Project, the day on which the following has occurred (as certified by the Borrower in a Borrowing Base Certificate): the Project has reached Substantial Completion.

Milestone Two has the meaning ascribed thereto in Section 4(B).

Examples of Milestone Two in a sentence

• Milestone Two: Identify 3 to 5 employers to support funding a childcare center Timeline: Dec.

• If Stem fails to satisfy Milestone Two within 180 days of January 30, 2019, or if Stem fails to satisfy Milestone Three within 180 days of January 30, 2020, ORAJV, Gated, and Kind Care may, but are not obligated to, terminate their obligations under this Section 6.

• It is anticipated that with the delay in the start of Milestone Two, the GIS Analyst position may need to be extended past two years.

• The five milestones are: ❑ Milestone One: Conduct a Baseline Emissions Inventory for all municipal operations and the entire community❑ Milestone Two: Set an Emissions Reduction Target❑ Milestone Three: Develop an Action Plan which describes initiatives the City intends to take in order to reach its emissions reductions target❑ Milestone Four: Implement the initiatives in the Action Plan❑ Milestone Five: Monitor Emission Reductions The City of Medford has completed Milestones One and Two.

• In order to successfully complete Milestone Two (after semester 8) which is the point of admittance into the master’s program and qualifies students for participation in the Professional Internship during semester 9, students must:• have completed all coursework related to the Bachelor of Arts degree;• have earned a grade of “C” or better in all professional education courses;• have no outstanding grades of Incompletes• have a GPA of 2.75 or better, and• prepare and submit a portfolio.

More Definitions of Milestone Two

Milestone Two means the earlier to occur of (i) the sale after the date of this Agreement by Borrower of shares of its capital stock for cash proceeds with an aggregate purchase price of at least $10,000,000 in one or more capital financing transactions or pursuant to the exercise of options, warrants or rights to purchase its capital stock, and in each case the proceeds of which may be used for general corporate purposes or (ii) the public disclosure by Borrower of Phase III clinical trial data regarding the indication for the Product known as idiopathic respiratory distress syndrome ("IRDS"), and the completion by Quintiles or an appropriate Affiliate of a written assessment and report indicating that such data is favorable and that such data substantially enhances the Company's prospects with respect to its ability to repay the Commitment as increased by such Milestone Two.

Milestone Two means the earlier to occur of (A) the consummation by Borrower of two or more Licensing Transactions that collectively provide for the payment by Borrower of aggregate up-front consideration in excess of Two Million Dollars ($2,000,000), or (B) the consummation by Borrower of at least four Licensing Transactions, without regard to the amount of up-front consideration.

Milestone Two means the achievement by the Company (to the reasonable satisfaction of the Trust) of Milestone Two as described in Schedule 7;

Milestone Two means, with respect to any Project, the day on which the following has occurred (as certified by the Borrower in a Borrowing Base Certificate): the Project has reached Substantial Completion. “Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.13(a)(i), (a)(ii), (a)(iii) or (a)(iv), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Collateral Agent and the L/C Issuer in their sole discretion. “Minimum Credit Rating Requirement” means (i) in the case of Illinois Governmental Payments the state general bond obligation rating of at least BBB- from Standard and Poor’s Rating Group, BBB- from Fitch Ratings or Baa3 from Moody’s, (ii) in the case of any other Direct Payment Obligor, the state general bond obligation rating or equivalent long term issuer credit rating of at least A- from Standard and Poor’s Rating Group, A- from Fitch Ratings or A3 from Moody’s or (iii) such other general bond obligation rating satisfactory to the Administrative Agent in its sole discretion. “Minimum Discount Rate” means, as of any date of determination, the discount rate used to determine “Aggregate Discount Solar Asset Balance” in the most recent ABS transaction sponsored by the Borrower (as set forth in presale report prepared by the rating agency rating the securities issued in such ABS Transaction or in the final offering materials for such ABS transaction, a copy of the relevant portions of either of which has been provided to the Administrative Agent); provided, that (a) if no such ABS transaction has occurred within the 6- month period immediately preceding such date of determination, the Minimum Discount Rate shall, until the next such ABS transaction occurs, be deemed to be the blended weighted average cost of capital for the Borrower and is consolidated subsidiaries in respect of debt and project-level equity issuances (excluding, for the avoidance of doubt, equity issued pursuant to Tax Equity Commitments) occurring during the two most r...

Milestone Two means Accelr8 having created an aggregate of 30 Qualified Jobs (including Qualified Jobs under Milestone One);

Milestone Two has the meaning given to it in Section 3.2(b)(iii).

Milestone Two means the Company’s formation of a new Subsidiary, in partnership with a Multi-National Company, as determined using the Company’s “Down Select” process.