Performance Milestone definition

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

Performance Milestone means any of the milestones described in Section A2 (Performance Milestones) of attached Exhibit A (Start-Up License Schedule).

Performance Milestone means an act or event specified described in Section 9 of the Business Terms.

Examples of Performance Milestone in a sentence

• Unless an extension is provided due to an Event of Force Majeure during the term of this Agreement, Company shall perform, or shall cause to happen or be performed, the Performance Milestones in accordance with the Performance Milestone Dates.

• Fourth quarter Bonuses and Bonuses calculated on the basis of partial Performance Milestone satisfaction shall be paid within 75 days of fiscal year-end.

• Upon the occurrence of an Event of Force Majeure, the Performance Milestones and Performance Milestone Dates shall be equitably adjusted to accommodate the Event of Force Majeure.

• If ICF withdraws potential Incentive Payments it may, in its sole discretion, allow Homebuilder to reclaim a portion of any withdrawn Incentive Payments if Homebuilder exceeds future Performance Milestone Date Requirements.

• Homebuilder also agrees to provide ICF with a list of eligible homes and planned communities during each Performance Milestone.

More Definitions of Performance Milestone

Performance Milestone means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing; and (b) Borrower shall have received after the Closing Date and on or prior to March 31, 2020, an amount equal to at least Fifty Million Dollars ($50,000,000) in unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction other than in the case the Permitted Convertible Debt Financing) net cash proceeds from one or more bona fide equity financings, Subordinated Indebtedness (which, for the avoidance of doubt, may include the net proceeds received from any Permitted Convertible Debt Financing) and/or upfront or other milestone proceeds from business development transactions permitted under this Agreement, in each case subject to verification by Agent (including supporting documentation reasonably requested by Agent).

Performance Milestone means an act or event specified in section 5.1 of this Agreement and described in section A2 of attached Exhibit A.

Performance Milestone means the close of the first period of four consecutive fiscal quarters in which the Company recognizes at least $[*****] in subscription software revenue (as determined in accordance with United States Generally Accepted Accounting Principles), provided that the Performance Milestone must be achieved on or before September 30, 2008.

Performance Milestone means the stage of the development which is applicable to the Providing Unit. In accordance with Clause 4, the Service Provider must complete the following Performance Milestones by the Milestone Deadlines as set out in Schedule 4 for each Providing Unit.

Performance Milestone means a development milestone of the Providing Unit as set out in Schedule 4.

Performance Milestone has the meaning set forth in Section 8.3.

Performance Milestone means Bank receives evidence satisfactory to Bank that Borrower has either (i) achieved at least Ten Million Dollars ($10,000,000) in cumulative revenue for the period from the Closing Date through any date of determination prior to September 30, 2014; or (ii) received, no later than September 30, 2014, aggregate gross cash proceeds (excluding amounts received upon conversion or cancellation of indebtedness, and excluding the proceeds described in Section 3.1(o)) of at least Fifteen Million Dollars ($15,000,000) from the sale of additional shares of Borrower’s preferred stock whether before or after the Closing Date.