Release Milestones definition

Release Milestones means that Debtors shall have satisfied and filled when requested all of Secured Party’s purchase orders for Devices for two (2) consecutive years from the later of (1) Debtor’s first shipment of Devices to Hikma in response to a duly issued purchase order, or (2) Debtor’s curing of any Event of Default under the BLDS Agreement.
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Examples of Release Milestones in a sentence

  • ASEP covenants and agrees with each of the SafeCoat Shareholders that upon satisfaction of each of the Voluntary Escrow Release Milestones set forth above, as determined by ASEP acting in good faith, ASEP will provide written instructions to its transfer agent to revise the legends on the certificates or direct registration statements representing such ASEP Option Exercise Shares to reflect the release of the applicable number of ASEP Option Exercise Shares from the Voluntary Escrow.

  • If, in response to any notice from NTI under clause (a) above, Cadence notifies NTI in writing (within ten (10) days after receipt of NTI's notice) that Cadence believes it has met the Cadence Production Release Milestones in question, the parties will attempt to resolve the dispute in accordance with Section 13.

  • NTI shall notify Cadence in writing (a) if NTI believes that Cadence has failed to meet any of the Cadence Production Release Milestones set forth in Exhibit D, and (b) within two (2) business days after entering into such an agreement with Synopsys.

  • Notwithstanding Section 4.1, if Cadence fails to meet the Cadence Production Release Milestones set forth in Exhibit D, NTI shall have the unrestricted right to enter into OEM or distribution license agreements with Synposys for any or all of the NTI Product Components.

  • Notwithstanding Section 4.1, if Cadence fails to meet the Production Release Milestones, NTI shall have the unrestricted right to enter into OEM or distribution license agreements with Synopsys for any or all of the NTI Product Components.

  • NTI shall notify Cadence in writing (a) if NTI believes that Cadence has failed to meet any of the Cadence Production Release Milestones set forth in Exhibit D, and (b) within two (2) business days after entering into such an agreement with [***] .

  • NTI shall notify Cadence in writing (a) if NTI believes that Cadence has failed to meet any of the Production Release Milestones, and (b) within two (2) business days after entering into such an agreement with Synopsys.

  • If no Release Milestones are achieved, or a given Release Milestone has not been achieved within an applicable period, upon the 36 month anniversary of the Listing Date, all remaining Escrowed Securities shall be deemed Eligible Escrowed Securities and released to the Securityholder.

  • This Agreement shall terminate and be of no further force or effect at the earliest of: (i) Debtor meets all the Release Milestones; or (ii) the Secured Obligations shall be paid and performed in full.

  • For the avoidance of any doubt, if the situation arises that both the First Escrow Release Milestone(s) and the Second Escrow Release Milestone(s) under this Section 5(a)(i) and Section 5(a)(ii) respectively, are met (even at the same time), then all Escrow Property shall become vested and no longer subject to forfeiture, and are to be released to the Seller under the terms of this Agreement.