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

  • Subject to the terms and conditions of this Agreement and satisfaction of Performance Milestone IV, on or prior to June 15, 2024, Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances in minimum increments of $5,000,000 (or if less than $5,000,000 the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(v)) in an aggregate principal amount up to $20,000,000.

  • Update on The Performance Milestone Plan — Mr. Ken Patterson, director, DCFS, reported that the final Performance Milestone Plan was sent to Judge Campbell on May 1, 1999.

  • Subject to the terms and conditions of this Agreement and satisfaction of Performance Milestone II, on or prior to December 15, 2023, Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances in minimum increments of $5,000,000 (or if less than $5,000,000 the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(iii)) in an aggregate principal amount up to $10,000,000.

  • Beginning on April 1, 2023, and at all times thereafter so long as Borrower’s Market Capitalization is no greater than $400,000,000, Borrower shall maintain Qualified Cash in an amount greater than or equal to the product of (x) the then-outstanding principal amount of the Term Loan Advances, multiplied by (y) (i) prior to the Performance Milestone IV Date, 0.55 and (ii) at all times after the Performance Milestone IV Date, 0.45.

  • Subject to the terms and conditions of this Agreement and satisfaction of Performance Milestone III, on or prior to June 15, 2024, Borrower may request, and Lenders shall severally (and not jointly) make, one or more additional Term Loan Advances in minimum increments of $5,000,000 (or if less than $5,000,000 the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.1(a)(iv)) in an aggregate principal amount up to $10,000,000.


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 a development milestone of the Providing Unit as set out in Schedule 4.
Performance Milestone means an act or event specified in section 5.1 of this Agreement and described in section 7 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 level of performance with respect to a Performance Measure, the achievement of which may determine the degree of payout of a Performance Bonus Award.
Performance Milestone has the meaning set forth in Section 8.3.