Post-Closing Milestone means the Post-Closing Plant Submission Milestone, Post-Closing Insect Submission Milestone, Post-Closing Plant Approval Milestone and Post-Closing Insect Approval Milestone.
Examples of Post-Closing Milestone in a sentence
If no Post-Closing Milestone Dispute Notice is delivered within the fifteen (15) day time period, then Sellers determination that the Additional Milestone has been achieved, and that the amount of the Milestone Payment specified in the Post-Closing Milestone Dispute Notice is due hereunder, shall be deemed to be accepted and Purchaser shall pay to Sellers those amounts set forth in the Post-Closing Assessment Notice no later than five (5) days after the expiration of such fifteen (15) day time period.
If Purchaser determines in its sole and reasonable discretion that such Additional Milestone has been achieved during the Post-Closing Milestone Period, then within thirty (30) days of such notice from Sellers Representative or, if earlier, within thirty (30) days of Purchasers determination that such Additional Milestone has been achieved, Purchaser shall notify Sellers Representative of its determination and pay to Sellers the Additional Milestone Payment payable in respect of such Additional Milestone.
In the event that any Sellers believe that any Additional Milestone has been achieved during the Post-Closing Milestone Period, the Sellers Representative shall provide notice of such achievement to Purchaser.
A representative of Purchaser, on the one hand, and the Sellers Representative, on the other, shall attempt in good faith to resolve any such objections within fifteen (15) days of the receipt by Sellers of the Post-Closing Milestone Dispute Notice.
If Sellers at any time believe that the Second Put Option Condition has been satisfied and Sellers Representative has not received a Second Put Option Notice, the Sellers Representative shall deliver a notice of such achievement to Purchaser no later than thirty (30) days after the expiration of the Second Put Option Period (the Second Put Option Dispute Notice, and together with any Pre-Closing Milestone Dispute Notice and any Post-Closing Milestone Dispute Notice, a Dispute Notice).