NRP 104 Milestone Payment definition

NRP 104 Milestone Payment means the milestone payment payable under the agreement between the Company, inter alia, and New River Pharmaceuticals Inc. dated 31 January 2005 triggered by various events, such as filing, receiving U.S. marketing approval with certain characteristics, and achieving certain sales targets.
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NRP 104 Milestone Payment means the milestone payment payable under the agreement between the Company, inter alia, and New River Pharmaceuticals Inc. dated 31 January 2005 triggered by various events, such as filing, receiving U.S. marketing approval with certain characteristics, and achieving certain sales targets. "Obligor" means a Borrower or a Guarantor. "Optional Currency" means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.4 (Conditions relating to Optional Currencies). "Original Financial Statements" means in relation to the Company, the audited consolidated financial statements of the Group for the financial year ended 31 December 2005. "Original Obligor" means an Original Borrower or an Original Guarantor. "Participating Member State" means any member state of the European Communities that adopts or has adopted the euro as its lawful currency in accordance with legislation of the European Community relating to Economic and Monetary Union. "Party" means a party to this Agreement. "PBGC" means the U.S. Pension Benefit Guaranty Corporation, or any entity succeeding to all or any of its functions under ERISA. "Permitted Securitisation" means any arrangements forming part of a transaction involving the securitisation or other financing of assets or cash flows (or both) relating to royalty income provided that, while the aggregate amount of the Total Revolving Facility Commitments of all the Revolving Lenders in respect of the Revolving Facility is greater than US$500,000,000 or there is any amount outstanding under or in respect of Facility A or Facility B, the Company provides a certificate to the Facility Agent signed by two directors (one of which is the finance director of the Company) confirming that the proceeds of that securitisation or other financing are to be applied such that there will be a permanent reduction of the Facilities of an amount equivalent to the net amount anticipated to be received by the Group from such securitisation or other financings. "Qualifying Lender" has the meaning given to it in Clause 19 (Tax gross-up and indemnities). "Quotation Day" means, in relation to any period for which an interest rate is to be determined:
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Related to NRP 104 Milestone Payment

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

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • 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;

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Payments has the meaning set forth in Section 4.2.

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

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

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

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

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

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

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

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

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

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

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Sublicense Revenue means [***].

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

  • Royalty Rate means the percentage defined in Exhibit B.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Third Target Distribution means $0.5250 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.5250 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Sublicense Revenues means [***].

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.