Termination of Certain Rights. The Company’s obligations under Sections 4.1 and 4.2 above will terminate upon the closing of the Company’s initial public offering of Common Stock pursuant to an effective registration statement filed under the Securities Act, or upon a merger, acquisition or other business combination in which the holders of the Company’s outstanding capital stock immediately prior to the transaction do not retain a majority of the voting capital stock in the surviving corporation.
Termination of Certain Rights. Any termination of this Lease pursuant to this Article 13 shall cause any right of the Lessee to extend the Term of this Lease, granted to the Lessee herein and any right of the Lessee to purchase the Leased Property contained in this Lease to be terminated and to be without further force or effect.
Termination of Certain Rights. The rights and obligations hereunder of the Holder shall terminate with respect to such party at such time when neither it nor any of its permitted assigns holds Registrable Shares or two years from the date of this Agreement, whichever occurs earlier; provided, however, that the provisions of Section 11(f) and the rights of any party hereto with respect to the breach of any provision hereof shall survive termination of this Agreement.
Termination of Certain Rights. The rights and obligations hereunder of each Stockholder will terminate with respect to such Stockholder at such time when it no longer meets the definition of a Stockholder under this Agreement; provided, however, that the provisions of Section 2.8, the rights of any Investor with respect to breach of any provision hereof, and any obligation accrued as of the date of termination shall survive termination of this Agreement.
Termination of Certain Rights. The Company's obligations under Sections 1.1 and 1.2 above will terminate upon (a) the consummation of a Qualifying IPO (as defined in Section 5(b) of the Company's Series A Certificate) or (b) a consolidation or merger of the Company with or into any other corporation in which the holders of record of the Company's outstanding shares of stock immediately before such consolidation or merger hold (by virtue of securities issued as consideration in such transaction or otherwise) less than a majority of the voting power of the surviving corporation of such consolidation or merger, or the sale of all or substantially all of the assets of the Company (a "Change of Control Event"). After a Qualifying IPO, the Company shall provide the Investor with all reports normally provided to its shareholders.
Termination of Certain Rights. 45 13.7 Waiver................................................................................45 13.8 Application of Rent Loss and/or Business Interruption Insurance.......................46 13.9
Termination of Certain Rights. The Company's obligations under Sections 1.1, 1.2 and 1.3 above will terminate upon the closing of the Company's initial public offering of Common Stock pursuant to an effective registration statement filed under the U.S. Securities Act of 1933, as amended (the "SECURITIES ACT"), in which the gross proceeds raised for the Company's account (calculated before deduction of underwriters' discounts and omissions) exceeds $15,000,000 at a price greater than $1.10 per share of Common Stock (such price to be proportionally adjusted to reflect stock splits, stock dividends and the like).
Termination of Certain Rights. The Company’s obligations under this Section 5 will terminate upon the earliest to occur of (a) the closing of an IPO or (b) upon the closing of a Liquidation Event.”
Termination of Certain Rights. The Company's obligations under Section 2.1 and 2.2 herein will terminate upon the closing of the Company's initial public offering of Common Stock pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "SECURITIES ACT") with a sales price per share of Common Stock (as adjusted for combinations, stock dividends, subdivisions or split-ups) of at least $9.75 and aggregate gross proceeds to the Company of at least $20,000,000 (the "COMPANY'S INITIAL PUBLIC REGISTRATION").
Termination of Certain Rights. Upon completion of the exchange on the Closing Date, the rights and privileges of the Holders, as described in the Preferred Stock Purchase Agreement dated effective December 31, 1997 and the Certificate of Designation of Series B 5% PIK Cumulative Convertible Preferred Stock, as amended, as filed with the Secretary of State of Nevada December 31, 1997, which designated a total of 145,300 shares of the Company’s Series B Preferred and set forth the rights and privileges applicable thereto (the “Series B Preferred Designation”) shall be terminated. Following the exchange, Holders’ rights as security holders of the Company shall solely as holders of the Warrants, and not as holders of preferred stock of any class.
