Second Milestone definition
Second Milestone means the Network has succeeded in registering one million Verified Users.
Second Milestone has the meaning set forth in Section 1.3(a).
Second Milestone means completion of recruitment for the clinical studies, i.e., completion of all of the surgeries on all of the patients recruited for both total cervical disc replacement and control fusion, in accordance with an IDE approved by the FDA initiated by Buyer or any of its Affiliates or licensees.
Examples of Second Milestone in a sentence
The Lenders’ several obligations to make the Tranche 2 Term Loan pursuant to Section 2.1(a)(iii) of the Credit Agreement shall be subject to the achievement of the Second Milestone on the Second Milestone Test Date.
In the event that the Borrower fails to achieve the Second Milestone on the Second Milestone Test Date, the Tranche 2 Commitment and the Tranche 3 Commitment shall (subject to Section 3 below) be automatically terminated, effective immediately after the Second Milestone Test Date.
More Definitions of Second Milestone
Second Milestone. , Third Milestone", "Fourth Milestone", "Fifth Milestone", and "Sixth Milestone", respectively.
Second Milestone shall have the meaning set forth in Section 1.9(b).
Second Milestone means [***].
Second Milestone means receipt by Parent or one of its Affiliates or their (sub)licensees of FDA Approval for any CVR Product for the CMT-SORD indication.
Second Milestone. (as defined in the Investment and Commission Agreement), Borrower shall prepay the aggregate outstanding amount of all Advances.
Second Milestone means the achievement of the successful production and testing of (A) Osmolarity Beta/Beta Units and (B) IgE Alpha lab cards as further described on Schedule 1.4(c)(ii) hereto.
Second Milestone means the milestone set forth on Annex A under the heading “Second Milestone.”