Financial Milestones. Company shall pay to University the following non- cumulative and non-refundable milestone achievement payments within 30 days of achieving the corresponding milestone, whether achieved by Company or a Sublicensee.
Financial Milestones. Financial Milestones are not applicable.
Financial Milestones. The term “Financial Milestone(s)” shall have the meaning given in Exhibit A of this Agreement.
Financial Milestones. EBIDTA. If the Company’s EBIDTA for any fiscal year shall exceed $50,000,000.00 then the Company shall pay the Executive an additional cash bonus of $500,000. Exhibit B
Financial Milestones. Equity Not Applicable. Document Fee $10,000.00, due on the Effective Date. (One Time Fee) Transfer/Change of Control Fee (14) $150,000.00 Administrative Handling Fee (8.1.1) $10,000.00 Interest Rate (6.2) 18% Other None.
Financial Milestones. Company shall pay to University the following non-cumulative and non-refundable milestone achievement payments within 30 days of achieving the corresponding milestone, whether achieved by Company or a Sublicensee. For clarity, payments will be due only once in respect of the first achievement of the milestones below for a Licensed Product, regardless of the number of Licensed Products to achieve the milestone. A3.5.2. [XXX] A3.5.3. [XXX] A3.5.4. [XXX] A3.5.5. [XXX] A3.6 Third Party Royalties. If Company is required to pay royalties to a Third Party based on Company’s manufacture, use, or sale of Licensed Product subject to one or more patents of such Third Party then the royalty Company pays to University may be reduced by [XXX] of the royalty actually paid to the Third Party provided that use of any Third Party patent is required for such manufacture, use, or sale of Licensed Product, and provided that the royalty to the University shall not fall below [XXX].
Financial Milestones. The Stock Consideration will be forfeited and cancelled, without any consideration in exchange therefor, unless, for calendar year 2006, the Surviving Corporation generates revenues equal to or greater than $12,500,000. If the Surviving Corporation generates revenues between $11,500,000 and $12,500,000, then a prorated portion of the Parent Common will vest and the balance will be forfeited and cancelled. By way of example, if the Surviving Corporation’s revenues are $12,000,000, one-half of the Stock Consideration will vest and one-half will be forfeited and cancelled. All Stock Consideration will be forfeited and cancelled if revenues of the Surviving Corporation are less than $11,500,000 for calendar year 2006.
Financial Milestones. Company will pay to University the following non-cumulated, non-creditable, and non-refundable milestone achievement payments within [***] days of achieving the corresponding milestone in all fields within the Field of Use, except for the field of [***] using (a) any [***], (b) any [***] or (c) any progeny of the foregoing ((a) or (b)), whether achieved by Company or a Sublicensee.”
Financial Milestones. The Parties hereby agree to amend the Financial Milestones set forth in Section A3.5 of Exhibit A to the Agreement, whether achieved by Company or a Sublicensee, as follows: Section Financial Milestone Amount Payable
Financial Milestones. Tenant's attainment of Financial Milestones shall be measured using generally accepted accounting principles consistently applied as shown on Tenant's audited financial statements submitted to the Securities and Exchange Commission. If Tenant changes its accounting methodology then the Financial Milestones shall be renegotiated in good faith to provide Landlord with comparable protections. The Financial Milestones are as follows:
