Milestone Trigger Event definition

Milestone Trigger Event has the meaning set forth in Section 3.2(a).
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Milestone Trigger Event. Milestone Payment:
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Milestone Trigger Event. (each a “Milestone Trigger Event”) after the date of this Agreement and prior to the applicable “Milestone Termination Date” (each, a “Milestone Termination Date”) for such Milestone Trigger Event, the applicable Milestone Payment set forth in Table 1.10 under “Milestone Payment” opposite such Milestone Trigger Event (each, a “Milestone Payment”) shall become due and payable in accordance with this Section 1.10. Parent shall promptly following the first achievement of each Milestone Trigger Event (and in any event, no later than [*] days following such Milestone Trigger Event; provided that [*] under Table 1.10): (i) deliver a notice (the “Milestone Notice”) to the Securityholders’ Representative specifying (A) that a Milestone Trigger Event has occurred, (B) a description of the applicable Milestone Trigger Event, and (C) the total Milestone Payment that is payable with respect to such Milestone Trigger Event; provided that the amount of each of the Milestone Payments (if any) payable to the Company Securityholders shall be subject to the potential reductions and set-offs set forth in Section 1.11; and (ii) subject to Section 1.10(k), pay the applicable Milestone Payment to the Paying Agent [*] for further distribution to the Company Securityholders in accordance with the applicable Additional Consideration Spreadsheet. The Milestone Trigger Events, Milestone Payments and Milestone Termination Dates are as follows: [*] [*] [*] NDA approval of OCTEVY by the FDA [*] [*] First Milestone Product Initiation of the first Pivotal Trial in the 1st Indication [*] [*] Initiation of the first Pivotal Trial in the 2nd Indication (for a Milestone Product that already achieved Milestone Trigger Event (3)) [*] [*] Second Milestone Product Initiation of the first Pivotal Trial in the 1st Indication [*] [*] Initiation of the first Pivotal Trial in the 2nd Indication (for a Milestone Product that already achieved Milestone Trigger Event (5)) [*] [*] Third Milestone Product Initiation of the first Pivotal Trial in the 1st Indication [*] [*] Initiation of the first Pivotal Trial in the 2nd Indication (for a Milestone Product that already achieved Milestone Trigger Event (7)) [*] [*] Fourth Milestone Product Initiation of the first Pivotal Trial in the 1st Indication [*] [*] Initiation of the first Pivotal Trial in the 2nd Indication (for a Milestone Product that already achieved Milestone Trigger Event (9)) [*] [*] First NDA approval of the First Milestone Product [*] [*] Fi...
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Examples of Milestone Trigger Event in a sentence

  • The Company shall provide written notice to Accuray promptly upon the occurrence of the Monterey Milestone Trigger Event.

  • The provisions of this Section 5.2 shall be applicable if the Option Trigger Event is the Monterey Milestone Trigger Event.

  • Section 7.01(v) of the Credit Agreement as a result of the occurrence of a SPAC Milestone Trigger Event.

  • For the avoidance of doubt, if a Participant’s employment or other service relationship with the Company or its affiliates terminates following satisfaction of the Time-Vesting Schedule in respect of any Units but prior to the achievement of a Milestone Trigger Event, then such Units shall remain outstanding and shall be eligible to vest upon achievement of such Milestone Trigger Event.

  • For clarity, each Milestone Payment is payable once only for each Allogeneic CTL Product and once for each Autologous CTL Product, except with respect to Milestone Trigger Event 1, which is payable once only for the first Allogeneic CTL Product, and each Milestone Payment is non-refundable, and is not an advance against royalties due to Institute or any other amounts due to Institute.

  • Each Milestone Payment shall be paid by or on behalf of Parent in immediately available funds by wire transfer to an account of the Equityholders’ Representative or its designated agent with a bank designated by the Equityholders’ Representative by notice to Parent, which notice shall be delivered within two (2) Business Days of the Equityholders’ Representative’s receipt of notice of the Milestone Trigger Event and shall include the name of the Equityholders’ Representative’s designated agent, if any.

  • Permit the Liquidity of the Loan Parties as of the last day of any calendar month to be less than (i) $1,750,000 or (ii) upon (x) the occurrence of any Milestone Trigger Event, (y) the consummation of a Milestone Transaction (other than a Specified Refinancing Transaction) or (z) the occurrence of an Event of Default, and at all times thereafter, to be less than $3,750,000.

  • The Milestone Payment shall be payable one (1) time only (for the avoidance of doubt, no amounts shall be due for subsequent or repeated achievement by any Milestone or Commercializing Party of a Milestone Trigger Event for any Payment-Bearing Product in any country).

  • Thereafter, on each Vesting Date, such Participant shall be entitled to receive a payment equal to the product of the number of Units vesting on such Vesting Date times the Per Unit Payment in respect of such Milestone Trigger Event.

  • Each Unit shall vest in respect of a Milestone Trigger Event on the Vesting Date(s) applicable to such Milestone Trigger Event.


More Definitions of Milestone Trigger Event

Milestone Trigger Event has the meaning set forth in Section 1.10(a). [*]
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Milestone Trigger Event shall have the meaning ascribed to such term in the Merger Agreement.
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Milestone Trigger Event means the occurrence of:
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Related to Milestone Trigger Event

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

  • Sales Milestone Event has the meaning set forth in Section 7.2.2.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Trigger Event shall have the meaning specified in Section 14.04(c).