Milestone B definition

Milestone B. Milestone B" shall have the meaning set forth in Exhibit D to the Agreement.
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Milestone B means an operational milestone of the Covenant Parties mutually agreed to by Borrower and the Lenders.
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Milestone B means the introduction by Aurora or its consultants to the Company of a second oil and gas project which is accepted and taken on by the independent directors of the Company within two years from settlement pursuant to the Share Purchase Agreement;
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Examples of Milestone B in a sentence

  • Milestone B also establishes the Acquisition Program Baseline against which the program’s performance will be assessed.

  • Milestone B approval, which permits a program to enter the engineering and manufacturing development (EMD) phase, is generally considered a major milestone for a defense acquisition program, permitting the program to transition, in effect, from a research and development effort into a procurement program of record.

  • A January 6, 2017, Navy notification to Congress on theMilestone B approval for the Columbia-class program states the following:On 4 November 2016, Under Secretary of Defense for Acquisition, Technology and Logistics Frank Kendall chaired the Milestone B Defense Acquisition Board, and on 4 January, 2017 signed the acquisition decision memorandum approving COLUMBIA Class program’s Milestone B and designating the program as an Acquisition Category ID major defense acquisition program.

  • When this is the case, a combined Milestone B and C will be conducted.

  • See also Megan Eckstein, “Columbia-class Submarine Program Passess Milestone B Decision, Can Begin Detail Design,” USNI News, January 4, 2017.

  • The systems acquisition phase that begins after Milestone B encompasses all detailed design and manufacturing activities needed to deliver the requirements defined in the Capability Development Document (CDD) and later the Capability Production Document (CPD).

  • Milestone B determines whether a formal acquisition program will be launched and marks the entry point into the EMD Phase.

  • Therefore, the results of the assessments and demonstrations of the technology and manufacturing processes in a relevant environment and the identification of manufacturing risks that are reflected as success criteria for the Preliminary Design Review (PDR) are important inputs to the Industrial Base Capabilities Considerations that are a required part of the AS at Milestone B.

  • For Milestone B, the DoD Component-approved draft PPP will be provided to the DASD(SE) 45 days prior to the Development RFP Release Decision Point.

  • It produces a report detailing all technical risk and therefore is a key input to the Milestone B DAB (or equivalent) meeting that initiates a program of record.


More Definitions of Milestone B

Milestone B has the meaning set out in Section 3.6.
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Milestone B means the achievement of $[***] million of Net Revenue for any Eligible Calendar Year for such Milestone.
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Milestone B means Borrower has obtained positive Phase 2b data in Topsalysin trial for the treatment of localized prostate cancer prior to December 31, 2018, which shall be confirmed by discussion with Borrower’s management team and a member of Borrower’s Board of Directors that Borrower will advance the development of Topsalysin for the treatment of localized prostate cancer to the next stage.
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Milestone B means the achievement of $[***] million of Net Revenue for any Eligible Calendar Year for such Milestone. “Milestone C” means the achievement of $[***] million of Net Revenue for any Eligible Calendar Year for such Milestone. “Milestone D” means the achievement of $[***] million of Net Revenue for any Eligible Calendar Year for such Milestone. “Milestone E” means the achievement of $[***] million of Net Revenue for any Eligible Calendar Year for such Milestone. “Milestone F” means the achievement of $250.0 million of Net Revenue for any Eligible Calendar Year for such Milestone. “Milestones” means Milestone A, Milestone B, Milestone C, Milestone D, Milestone E and Milestone F. “Net Revenue” means the gross amounts invoiced for sales by or on behalf of Buyer and its Affiliates and its and their licensees and sublicensees (each such Person, a “Selling Person”) for sales of the Product to third parties in bona fide, arm’s length transactions, less the following to the extent actually incurred, allowed, paid, accrued, specifically allocated, or included in the gross amounts invoiced with respect to such sales to third parties and not otherwise received, recovered by or reimbursed to any Selling Person: *** Pursuant to 17 CFR 240.24b-2, confidential information has been omitted in places marked “[***]” and has been filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.
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Related to Milestone B

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

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;

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

  • Milestone Date means the target date set out against the relevant Milestone in the Implementation Plan by which the Milestone must be Achieved;

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