Examples of Third Milestone Date in a sentence
Such consulting fee shall initially be $0.00, but shall increase upon the occurrence of the following events: (i) to $25,000 per 365-day period on and after the Initial Milestone Date (as defined below) and continuing until the Second Milestone Date (as defined below), (ii) to $50,000 per 365-day period on and after the Second Milestone Date and continuing until the Third Milestone Date (as defined below); and (iii) to $100,000 per 365-day period on and after the Third Milestone Date.
Synopsys International shall notify the Seller Agents in writing of his determination not more than ten business days after each of the First Milestone Date, Second Milestone Date and Third Milestone Date.
If and only if the Company or another Parent Affiliated Party successfully completes, on or before the Third Milestone Date, a version of the Milestone Product that fully complies with Specification Xxxxx XX0, as determined by Parent in good faith, then Parent shall deliver to the Milestone Bonus Payees an aggregate number of shares of Parent Common Stock equal to the Milestone Share Payment (the “Third Milestone Bonus Payment”).
Landlord shall use commercially reasonable best efforts to achieve the Third Milestone no later than the Third Milestone Date.
In the case of a termination based upon Landlord’s failure to achieve the Third Milestone by the Third Milestone Date: (i) Landlord shall, subject to the Tenant’s Termination Expenses Cap, reimburse Tenant for Tenant’s Termination Expenses within thirty (30) days after Tenant submits to Landlord reasonable evidence (e.g. paid invoices) of such costs and expenses, and (ii) neither party shall have any further obligation to the other party, except for the obligations of the parties under Section 16.5.