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

Performance Milestone means an act or event specified described in Section 9 of the Business Terms.

Performance Milestone means any of the milestones described in Section A2 (Performance Milestones) of attached Exhibit A (Start-Up License Schedule).

Examples of Performance Milestone in a sentence

If ICF withdraws potential Incentive Payments it may, in its sole discretion, allow Homebuilder to reclaim a portion of any withdrawn Incentive Payments if Homebuilder exceeds future Performance Milestone Date Requirements.
Homebuilder also agrees to provide ICF with a list of eligible homes and planned communities during each Performance Milestone.
Each Performance Milestone Fee is due and payable within 30 days of Licensee’s achievement of the relevant milestone.
Upon the occurrence of an Event of Force Majeure, the Performance Milestones and Performance Milestone Dates shall be equitably adjusted to accommodate the Event of Force Majeure.
If Company determines that it will be unable to achieve a Performance Milestone, Company will so notify University in advance of the Performance Milestone Date, and, providing Company demonstrates it is diligently pursuing commercialization of at least one Licensed Product, the Parties will negotiate an appropriate new Performance Milestone and/or related Performance Milestone Date in good faith.

More Definitions of Performance Milestone

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

Performance Milestone means satisfaction of each of the following events: (a) no default or Event of Default shall have occurred and be continuing; and (b) Borrower shall have received after the Closing Date and on or prior to March 31, 2020, an amount equal to at least Fifty Million Dollars ($50,000,000) in unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction other than in the case the Permitted Convertible Debt Financing) net cash proceeds from one or more bona fide equity financings, Subordinated Indebtedness (which, for the avoidance of doubt, may include the net proceeds received from any Permitted Convertible Debt Financing) and/or upfront or other milestone proceeds from business development transactions permitted under this Agreement, in each case subject to verification by Agent (including supporting documentation reasonably requested by Agent).

Performance Milestone has the meaning set forth in Section 8.3.

Performance Milestone means an act or event specified in section 5.1 of this Agreement and described in section A2 of attached Exhibit A.

Performance Milestone means any of the milestones described in Section A2 “Performance Milestones” of attached Exhibit A “Start-Up License Schedule”.

Performance Milestone means, satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing and (b) on or before December 15, 2018, or such later date as Agent agrees in writing in its sole discretion, Borrower shall have achieved positive clinical data from the Phase 3 trial of TRC101 and shall provide supporting documentation relating to the results of the trial as and when reasonably requested by Agent.