Tranche Two Milestone definition

Tranche Two Milestone has the meaning set forth in Section 4.2.2.
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Tranche Two Milestone means the date on which Bank receives and approves evidence reasonably satisfactory to Bank, in its sole discretion, that Borrower has successfully identified a pre-development candidate for the PSMA/AR program or another pipeline program identified by Borrower.
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Tranche Two Milestone means Bank’s receipt of evidence satisfactory to Bank that Borrower’s trailing six (6) month product revenue for the period ending June 30, 2022 is at least [$***].
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Examples of Tranche Two Milestone in a sentence

  • For the avoidance of doubt, if the Tranche Two Milestone shall have not occurred on or prior to June 30, 2017, the condition set forth in this Section 4.3.2 shall not be satisfied.

  • Upon occurrence of the Tranche Two Milestone, the interest rate of the Loans will decrease to 13.5%.

  • Subject to the terms and conditions of this Agreement and provided that Borrower has achieved the Tranche Two Milestone, the Lenders agree, severally and not jointly, to make a term loan available to Borrower in a single advance during the Tranche Two Draw Period in the amount of Five Million Dollars ($5,000,000) according to each Lender’s Tranche Two Term Loan Commitment (the “Tranche Two Term Loan Advance”).

  • Planning authorities can draw from a range of sources to support infrastructure, including upfront payments secured through planning conditions and contributions in kind (e.g. the provision of land or sites).

  • Until the occurrence of the Tranche Two Milestone, outstanding borrowings under Tranche One bear interest at the rate of 15.5% per annum, payable quarterly in arrears.

  • Provided that Borrower has satisfied the Tranche Two Milestone, the second tranche of the Growth Capital Advances may be advanced in a single advance in an aggregate amount up to Two Million Five Hundred Thousand Dollars ($2,500,000) at any time commencing on September 30, 2015 through the Growth Capital Commitment Termination Date (the “Second Tranche Growth Capital Advance”).

  • With regard to the recommendation concerning discriminatory measures, Mozambique accepted the idea on the strengthening of anti-discrimination measures for vulnerable groups.

  • PART II – SUMMARY OF ACHIEVEMENTSInstructions to School Principal Provide a concise and coherent "snapshot" that describes how your school is representative of your state’s highest achieving green school efforts in approximately 600-800 words.

  • The Borrower shall have delivered the Tranche Two Milestone Notice in respect of the Tranche Two Milestone.

  • As promptly as practicable and in any event within five (5) Business Days after the occurrence of the Tranche Two Milestone, the Borrowers shall deliver to Agent (i) the Tranche Two Milestone Notice and (ii) a certificate of the Borrowers signed by the chief financial officer of the Borrowers certifying as to the occurrence of the Tranche Two Milestone.


More Definitions of Tranche Two Milestone

Tranche Two Milestone means, as of any date of determination, Borrower’s revenue determined in accordance with GAAP for a trailing three (3) month period ending on such date of at least Three Million Seven Hundred Fifty Thousand Dollars ($3,750,000).
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Tranche Two Milestone has the meaning set forth in Section 4.2.2.]
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Tranche Two Milestone is Bank’s receipt, no later than April 30, 2021, of evidence in form and substance satisfactory to Bank in its sole and absolute discretion, which determination shall be made in its good faith business discretion, that the aggregate amount of Borrower’s Gross Profit for the fiscal year ending December 31, 2020 is at least Thirty-Eight Million Three Hundred Thousand Dollars ($38,300,000).
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Tranche Two Milestone means Bank’s receipt of evidence satisfactory to Bank in its sole discretion that either (a) Borrower has received aggregate Net Proceeds of at least Twenty Million Dollars ($20,000,000) or (b) Borrower has received the first milestone payment from Kite Pharma in the amount of at least Twenty Million Dollars ($20,000,000).
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Related to Tranche Two Milestone

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Event has the meaning set forth in Section 8.4.

  • Development Milestone Event has the meaning set forth in Section 7.1.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • Sales Milestone Payment is defined in Section 5.3.

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Additional Accelerated Purchase Share Percentage means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, thirty percent (30%).

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • M5 Target Amount With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) 93.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Tranche C Term Loan as defined in Section 2.1.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.