Milestone Payments. In the event that any Sellers believe that any Additional Milestone has been achieved during the Post-Closing Milestone Period, the Sellers’ Representative shall provide notice of such achievement to Purchaser. If Purchaser determines in its sole and reasonable discretion that such Additional Milestone has been achieved during the Post-Closing Milestone Period, then within thirty (30) days of such notice from Sellers’ Representative or, if earlier, within thirty (30) days of Purchaser’s determination that such Additional Milestone has been achieved, Purchaser shall notify Sellers’ Representative of its determination and pay to Sellers the Additional Milestone Payment payable in respect of such Additional Milestone. If Sellers’ Representative delivers such a notice and Purchaser determines, in its sole and reasonable discretion, that the applicable Additional Milestone has not been achieved, then, within thirty (30) days of Sellers’ Representative’s notice Purchaser shall notify Sellers’ Representative of such determination. If Sellers’ Representative believes that Sellers are entitled to payment of all or any portion of an Additional Milestone Payment hereunder which they have not received within thirty (30) days following the achievement of the Additional Milestone for which payment is due, Sellers’ Representative may, not later than twelve (12) months following the achievement of such Additional Milestone, deliver to Purchaser a notice setting forth Sellers’ Representative’s determination that all or a portion of such Additional Milestone Payment is due under this Agreement (the “Post-Closing Assessment Notice”). If Sellers’ Representative does not deliver to Purchaser a Post-Closing Assessment *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. Notice within such twelve (12) month period, then Sellers shall have been deemed to agree that the Additional Milestone has not been met and no payment with respect to such Additional Milestone is due to Sellers hereunder and Sellers shall have no further rights to such Milestone Payment or any portion thereof. Such Post-Closing Assessment Notice may be delivered before or after the expiration of the Post-Closing Milestone Period without affecting Sellers’ rights to the applicable Milestone Payment, provided that that applicable Additional Milestone was actually achieved prior to the expiration of such Post-Closing Milestone Period. If...
Milestone Payments. In addition to the payments set forth in Sections 4.1 through 4.3 above, Company shall pay Hospital milestone payments as follows:
Milestone Payments will pay Stanford the following milestone payments:
Milestone Payments. The Investment will be paid over time in accordance with the critical Milestones as set out in Schedule D. A Project may have one or more Milestones, to be disbursed throughout the Term of this Investment Agreement, unless an extension is agreed to by the Parties. Upon completion of a Milestone, the Applicant is required to submit a Progress Report or Final Report (as the case may be) to Alberta Innovates.
Milestone Payments. PRI agrees to make the following payments recited hereinafter in this Paragraph to ACT upon the first occurrence of each milestone event for a Collaboration Product during the term of this Agreement. The total milestone payments that may be due and payable hereunder cannot exceed [XXXXXXXXX]. It is understood that milestones will be paid only once, even though multiple formulations may be made and developed for multiple indications. For example, if a first Collaboration Product achieves the first two (2) milestones, the payments are made by PRI, and development of the Collaboration Product is THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS BRACKETED AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. discontinued, PRI shall not be obligated to again pay the same two (2) payments in connection with subsequent Collaboration Products. MILESTONE CASH PAYMENT --------- ------------ Upon signing the Agreement $[XXXXXXXXX] Identification of the first Collaboration Product demonstrating positive results in a probative PK study in man and an arbitrary decision on the part of PRI to proceed to filing an IND or the equivalent filing with a regulatory authority in a Major European Country. $[XXXXXXXXX] Filing IND or the equivalent filing with a regulatory authority in a Major European Country $[XXXXXXXXX] Begin Phase III trials or the the equivalent in any country $[XXXXXXXXX] Filing NDA or the equivalent filing with a regulatory authority in a Major European Country $[XXXXXXXXX] Regulatory Approval in the US or in a Major European Country $[XXXXXXXXX] In the event that PRI decides to skip the pre-IND, probative PK study in man, the following will apply: [XXXXXX] will be payable to ACT at that decision and the [XXXXXXXX] milestone will become [XXXXXXXX]. An IND or equivalent filing will not be considered filed hereunder until the period expires in which the FDA or other regulatory authority can object to such filing. An NDA or equivalent filing will not be considered filed hereunder until THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS BRACKETED AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. the U.S. FDA or other regulatory authority accepts such filing for review at which point the milestone of NDA or equivalent filing shall be considered to have occurred.
Milestone Payments. 24 6.5 Royalties....................................................... 25 6.6 Third Party Royalties........................................... 26 6.7
Milestone Payments. 3.1 Progress payments of the Fixed Fees (inclusive of all taxes and charges) will be made as follows: [retain if the payment arrangements for the Services are to be based upon a Fixed Fee arrangement. If the payment arrangements are to be based on Daily or Hourly rates, delete this Milestone Payments section] Milestone date Milestone/Deliverable Milestone Payment TOTAL
Milestone Payments. Company shall pay Medical School the following milestone payments within thirty (30) days after the occurrence of each event: Milestone
Milestone Payments. NYSEG shall make milestone payments to National Grid in connection with the ATPat the times and in the amounts as follows:
Milestone Payments. Licensee will pay to Licensor the milestone payments as follows:
