Example ContractsClausesDiligence Milestones
Diligence Milestones
Diligence Milestones contract clause examples

Diligence Milestones. The time period associated with the first milestone set forth in the table in [Section 3.2] (“Initial of GLP Toxicity Studies”) shall be amended and restated to read as set forth below:

Diligence Milestones. For purposes of determining whether Providence, its Affiliates or Sublicensees have satisfied Providence’s diligence obligations under [Section 8.2], the Parties agree that the following milestone events and timeframes shall apply:

Milestones. AstraZeneca shall make each of the substantive sales milestone payments indicated below to FibroGen Cayman when aggregate annual Net Sales of all

Milestones. In partial consideration for the rights, license and Option granted under this Agreement, Chondrial will pay to IU the following amounts upon the achievement of the following events:

Milestones. In the event that a Default Notice has been delivered by Abbott under this [Section 13.2], then unless and until the corresponding material breach has been cured by [[Surmodics:Organization]] or Abbott indicates that it no longer intends to terminate for material breach, then any obligation that Abbott may have to pay a Milestone Payment in respect of any Milestone achieved after delivery of such Default Notice shall be suspended unless and until it is determined, in accordance with [Section 13.2.1], that a material breach has not occurred. In the event that a termination for material breach occurs pursuant to this [Section 13.2], then Abbott’s obligation to pay such Milestone Payment(s) shall cease and such suspended Milestone Payment(s) shall no longer be due.

Milestones. Sunesis shall notify Millennium within ten (10) business days after the first achievement by a PDK Product of each of the following milestone events, and shall pay to Millennium the following amounts within thirty (30) days following the first achievement of each such event by Sunesis or its Affiliates or Sublicensees:

Milestones. In partial consideration of the rights granted by [[Surmodics:Organization]] to Abbott hereunder and subject to the terms and conditions set forth in this Agreement, within ​ of the occurrence of each milestone specified in [Section 1 of Schedule 7] (each, a “Milestone”), Abbott shall pay to [[Surmodics:Organization]] the corresponding amount specified for such Milestone, provided that such amount may be reduced by the operation of [Section 3 of Schedule 7] (such amount, as it may be reduced, a “Milestone Payment”). Each Milestone Payment shall be payable pursuant to this Section 7.2 only upon the first achievement of the applicable Milestone and no amounts shall be due for subsequent or repeated achievements of such Milestone. [[Surmodics:Organization]] shall use Commercially Reasonable Efforts to achieve each Milestone. The maximum aggregate amount payable by Abbott pursuant to this Section 7.2 for the Product is the amount set forth in [Section 2 of Schedule 7], provided that such amount may be reduced by the operation of [Section 3 of Schedule 7]. The milestone payments for each Option Product will be agreed by the Parties and set forth in the applicable Option Exercise Agreement.

(iii) ​ within ​ the Effective Date or pay ​ to postpone this diligence milestone and remaining diligence milestones by ​ at a time, but no more than ​ in total;

Milestones”) so that Licensee shall not be deemed to be in breach of achieving said Diligence Milestone Event by its deadline. In the event that Licensee believes that, despite using commercially reasonable efforts, it will not achieve one or more such Initial Extended Milestones, then Licensee may notify Licensor in writing thereof in advance of the relevant deadline and the Parties shall negotiate in good faith a second extension of deadlines for said Diligence Milestone Event and all later Diligence Milestone Events (the “Second Extended Milestones”) so that Licensee shall not be deemed to be in breach of achieving said Diligence Milestone Event by its deadline. Upon agreement of the Parties with respect to the deadlines for such Second Extended Milestones, Licensee shall make a non-creditable payment of one-half of the Milestone Fee of the Milestone Event corresponding to said Diligence Milestone Event.

Current schedule of anticipated events or milestones, including anticipated timeline for achievement of Diligence Events;

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