Examples of Tranche 3 Milestone in a sentence
However, the Prior Approval provided that the Company must issue the Tranche 3 Consideration Shares no later than 30 September 2021 (which is consistent with the timeframe to satisfy the Tranche 3 Milestone).
The Company proposes to issue the Tranche 3 Consideration Shares to Dolce (or its nominees) despite the Tranche 3 Milestone being satisfied outside the prescribed timeframe for the following reasons: (a) The parties had to overcome the unexpected impacts of Covid 19, which posed difficulties in the conduct of the Phase I/II clinical trials as the trials were conducted during the strict Covid- 19 lockdowns in the state of Victoria throughout 2020 and 2021.
During the term of this Contract, in the event there is a "Change in Ownership or Control" (defined herein) of Seller, then Buyer shall have the option of immediately terminating this Contract (including any related Purchase Order) by giving written notice of its intent to terminate to Seller.
These Tranche 3 Milestone Shares will not be issued if Milestone 3 is not met within five years of Completion, the above collectively being the “Milestone Shares”.
Tranche 3 Milestone: the date that is 60 months following the date of execution of the respective Brand Ambassador and Strategic Advisory Agreement between Creso Pharma ImpACTIVE Inc.