Definition of Term B Milestones

Term B Milestones means Borrower has achieved (1) positive final data from the lonafarnib Phase 2 LOWR-HDV-2,3,4 trials in hepatitis delta virus ("HDV"), achievement of which hereby is acknowledged by Collateral Agent, and (2) positive data from at least one of the following programs (i) pegylated interferon lambda 1a ("PEG-IFN Lambda") LIMT-HDV Phase 2 trial in HDV, (ii) Exendin Phase 2 trial in post-bariatric surgery associated hypoglycemia under Eider's own IND, (iii) ubenimex LIBERTY Phase 2 trial in pulmonary arterial hypertension ("PAH"), or (iv) ubenimex ULTRA Phase 2 trial in lymphedema; in each case, provided that Borrower has provided to Collateral Agent written evidence of the same, in form and content acceptable to Collateral Agent in its sole discretion.
Sample 1