Performance Milestone Date definition
Examples of Performance Milestone Date in a sentence
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withdraws potential Incentive Payments it may, in its sole discretion, allow Homebuilder to reclaim a portion of any withdrawn Incentive Payments if Homebuilder exceeds future Performance Milestone Date Requirements.
If Company determines that it will be unable to achieve a Performance Milestone, Company will so notify University in advance of the Performance Milestone Date, and, providing Company demonstrates it is diligently pursuing commercialization of at least one Licensed Product, the Parties will negotiate an appropriate new Performance Milestone and/or related Performance Milestone Date in good faith.
For the avoidance of doubt, University’s termination rights shall be on an Indication Category by Indication Category basis (e.g., any failure to achieve a Performance Milestone by the applicable Performance Milestone Date for one Indication Icosavax, Inc.
To qualify for Incentive Payments, Homebuilder must meet the following Performance Milestone Date Requirements: March 28, 2017 At least 20% of total committed homes must be entered on the Program’s online system; Homebuilder must have selected at least one preferred HERS Rater on the online system.
Company shall perform, or shall cause to happen or be performed, the Performance Milestone in accordance with the Performance Milestone Date.
In addition, University agrees that the Performance Milestone Date shall be extended by the number of days of delay caused by any event reasonably deemed out of the control of Company, but such extension limited in duration to no longer than [***] year, including without limitation an Event of Force Majeure, the actions or inactions of any regulatory authority necessary for Company’s plans to commercialize the Licensed Rights, or inability to enroll clinical trials due to lack of eligible participants.
If Company fails to notify University of Company’s inability to achieve a Performance Milestone in advance of the Performance Milestone Date and demonstrates it is diligently pursuing commercialization of at least one Licensed Product, then University and Company will negotiate in.
The Homebuilder acknowledges and agrees that the Documentation for the applicable Incentive Payment request must be submitted in compliance with Performance Milestone Date Requirements, and in no event later than November 30, 2022, to qualify for Incentive Payments.
Except as set forth in Section 2.3(b), the Advances shall bear interest, on the outstanding Daily Balance thereof, at a per annum rate equal to one quarter of one percent (0.25%) above the Prime Rate; provided however, that on and after the Performance Milestone Date, and as long as no Event of Default has occurred prior to such date, the Advances shall bear interest, on the outstanding Daily Balance thereof, at a per annum rate equal to the Prime Rate, subject to Section 2.3(b).
To qualify for Incentive Payments, Homebuilder must meet the following Performance Milestone Date Requirements: 20% April 30, 2022 60% June 30, 2022 85% September 30, 2022 If Homebuilder fails to meet the performance date requirements, ICF may withdraw some or all the Incentive Payments for homes for which Documentation has not yet been submitted.