definiens: means the three calendar months ending 31 March, 30 June, 30 September and 31 December of each year, the ﬁrst suchMilestone Quarter being the three calendar months ending 30 June 2021 ; has the meaning given in Clause 7 ; means any period of 12 months ending on the last day of a Milestone Quarter during the Milestone Period, provided that for theMilestone Quarters ended 30 June 2021, 30 September 2021 and 31 December 2021, shall mean the period of three months, six months and nine months respectively ending on the last date of that Milestone Quarter ; means Debt less Cash ( unless Cash exceeds Debt in which case it shall mean Cash less Debt ) ; means the statement in the format set out in Part 4 of Schedule 10 setting out the Net Debt prepared and agreed ordetermined in accordance with Clause 5 and Schedule 11 ; has the meaning given in Schedule 12 ; means the New Purchaser and each of the following from time to time:(a ) its subsidiaries;(b ) any holding company of the New Purchaser ; and(c ) any other subsidiaries of any such holding company;and each company in the New Purchaser 's Group is a ; has the meaning given in Schedule 14 ; means 2,800,000 fully paid ordinary shares of £ 0.00333333 each in the capital of the Company ; has the meaning given in Clause 9.4 ; means the registered and unregistered Intellectual Property owned by any Acquired Group Company after completion ofthe Pre - Completion Reorganisation ; means any Granted Marketing Authorisations granted to an Acquired Group Company or a member of theVendor 's Group;17CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [ * * * ], HAS BEEN OMITTED BECAUSE IT ISNOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED