Subsequent Milestone definition

Subsequent Milestone means the Second Milestone, Third Milestone or Fourth Milestone, as applicable.
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Subsequent Milestone means with respect to the Vessel, the Milestone occurring subsequent to the first Milestone (i) to be certified by Borrower and (ii) for which Borrower has received an Advance.
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Subsequent Milestone means each Milestone other than Milestone 1. Third Party Material means the material specified in item 10 of the Details. Total Grant Funds is the amount of funds specified in item 3 of the Details. Total Project Capital Costs is the total amount of capital costs for the Project specified in item 2 of the Details. Update Period means the period of six months commencing on the Commencement Date and each six month period thereafter occurring partly or wholly during the Term. Uptime Target has the meaning given to that term in Schedule 3. Visitor has the meaning given to that term in clause 14(m).
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Examples of Subsequent Milestone in a sentence

  • Each Advance Request shall include a certificate by Borrower certifying that the Subsequent Milestone has been achieved (or in the case of the initial Advance, that the initial Milestone has been achieved).

  • For each subsequent Advance requested by Borrower following the initial Advance, Borrower shall have furnished to Lender appropriate evidence that the Subsequent Milestone to which the Advance relates has been successfully achieved.

  • Such additional proof may include additional confirming evidence of the accomplishment of all Milestones preceding the Subsequent Milestone for which the Advance is requested.

  • For clarity, if a Subsequent Milestone is achieved and any Previous Milestone for such Research Project Target has not yet been achieved for any reason, notwithstanding anything herein to the contrary such Previous Milestone(s) shall be deemed to have been achieved and the corresponding Development Milestone Payment set forth in the table above shall be payable simultaneously with the Development Milestone Payment for the achievement of the Subsequent Milestone.

Related to Subsequent Milestone

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

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

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

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

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

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

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

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

  • 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.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

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

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

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

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

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

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

  • 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.

  • 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").

  • 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.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof: