definiens: ) promptlya : fter CIMA demonstrates'tlle Satisfactory COilMilestone " ) set i, l { [: opposite such Milestone Payment : Earned upon signing but payable 90 days after Effective Date Completion of Development Activity Phases 1 & 2 Completion of Development of Phase 3 ( Product acceptable for Launch ) $ 13Q, QQQ $ 33Q, QQQ $ 9QQ, QQQ ( b ) Promptly after the completion of each Milestone, CIMA shall notify Sell, of such completion and shall provide Schwarz sufficient written materials to allow Schwall ', ' evaluate whether or not such Milestone has been Satisfactorily Completed, Unless CI:-- !, \ satisfactorily completes a Milestone within 60 days after the deadline therefor, the unJerl : I ' ; ', Milestone shall have been deemed not to be Satisfactorily Completed for purposes of pa, ( a ) above and Schwarz 's obligation to make the related Milestone Payment shall termin, ) !,,,, ' be deemed waived by CrMA . For purposes of this term sheet and as to any Milestone < I,, I herein, shall mean the completion of such Milestone in a IlIall " " which is ( i ) appropriate to support the commercialization of the Product and ( ii ) consi st ~ li ! this Agreement