Common use of Cash Grant Clause in Contracts

Cash Grant. As of the Effective Date and thereafter until the expiration of the Recapture Period, (i) neither the Company nor any direct or indirect owner of the Company or any holder of an equity or profits interest in the Company (other than any such direct or indirect owner that is a direct or indirect owner solely as a result of owning equity interests in an entity that is treated as a C corporation for federal income tax purposes) will become a Disqualified Person and (ii) the Company shall not cause or permit any other action or omission that would cause a Cash Grant to be recaptured.