Duration of Section. This Section 4 and the rights and obligations of the parties hereunder shall automatically terminate on the earlier of (i) the consummation of an Event of Sale (as defined in the Certificate) or (ii) the automatic conversion of all of the Preferred Stock of the Corporation pursuant to the Certificate as a result of the listing, or the admitting for trading, of the Common Stock on a national securities exchange. Prior to such termination, the rights and obligations of any Preferred Stockholder under this Section 4 shall terminate upon the date on which such Preferred Stockholder or its Group no longer owns any Preferred Stock, whereupon the obligations of the remaining Stockholders to vote in favor of the designee of such Preferred Stockholder shall also terminate.
Duration of Section. Sections 2.5 through 2.12 and the rights and obligations of the parties hereunder shall automatically terminate on the earlier of (i) the consummation of an Event of Sale (as defined in the Certificate) or (ii) the automatic conversion of all of the Preferred Stock of the Corporation pursuant to the terms and conditions of the Certificate upon the listing, or the admitting for trading, of the Common Stock on a national securities exchange.
Duration of Section. This Section B.10 and the rights and obligations of the parties hereunder shall automatically terminate on the consummation of a Liquidation or an Event of Sale.
Duration of Section. With respect to each holder of Registrable Shares, Sections 3.4, 3.5 and 3.6 shall automatically terminate for that holder on the fourth anniversary of the Filing Date.
Duration of Section. Sections 2.1 and 2.2 hereof and the rights and obligations of the parties thereunder shall automatically terminate on the earlier of (A) the consummation of (i) a Qualified Public Offering (as defined in Section 3.17 hereof) or (ii) an Approved Sale (as defined in Section 3.14 hereof) and (B) the date on which all Canadian Investors shall have become Series C-1 Stockholders.
Duration of Section. Sections 3.3, 3.4 and 3.6 through 3.16 hereof and the rights and obligations of the parties thereunder shall automatically terminate (i) on the consummation of a firm commitment underwritten public offering of Common Stock registered under the Securities Act pursuant to which (a) Common Stock is offered to the public at a price of at least $5.00 per share of Common Stock (subject to adjustment for stock splits, stock dividends, reverse stock splits, stock combinations, recapitalizations and like occurrences) and (b) the net proceeds to the Corporation are at least $40 million (a "Qualified Public Offering"), and (ii) as to any Investor or Canadian Investor, when such Investor ceases to own shares of capital stock or other securities of the Corporation or such Canadian Investor ceases to own shares of capital stock or other securities of the Corporation or ABI Canada.
Duration of Section. This Section 6 and the rights and obligations of the parties hereunder shall automatically terminate on the consummation of a Qualified Public Offering. Prior to such termination the rights and obligations of any Investor under this Section 6 shall terminate upon the date on which such Investor no longer owns any Preferred Stock, whereupon the obligations of the remaining Investors to vote in favor of the designee of such Investor shall also terminate. The rights and obligations of VenGrowth under this Section 6 shall terminate upon the date on which VenGrowth no longer owns any Preferred Stock and any preferred stock in ABI Canada, whereupon the obligations of the Investors to vote in favor of the designee of VenGrowth shall also terminate. The rights of BioVentures Investors under this Section 6 shall also be subject to early termination in accordance with the provisions of Section 6.1(e) hereof.
Duration of Section. This Section 2 and the rights and obligations of the parties hereunder (other than rights and obligations set forth in Sections 2(e), (m) and (n) hereof and this Section 2(s)), shall automatically terminate upon the earlier to occur of (i) the consummation of a Qualified Public Offering and (ii) the time at which the Preferred Stockholders no longer hold any shares of Preferred Stock or Common Stock issued upon conversion of such Preferred Stock.
Duration of Section. This Section 5 and the rights and obligations of the parties hereunder shall automatically terminate on the consummation of a Qualified Public Offering. The rights and obligations of any Preferred Stockholder under this Section 5 other than the obligations of such Preferred Stockholder under Section 5(a) hereof shall terminate upon the date on which such Preferred Stockholder (together with all members of such Preferred Stockholder’s Group) no longer owns twenty-five percent (25%) of the shares of Preferred Stock issued to such Designating Party pursuant to the Stock Purchase Agreement, whereupon the obligations of the remaining Preferred Stockholder and the Common Stockholders to vote in favor of the designee of such Preferred Stockholder shall also terminate.
Duration of Section. With the exception of Section 2.4, this Section 2 and the rights and obligations of the parties hereunder shall automatically terminate on the consummation of a firm commitment underwritten public offering of Common Stock registered under the Securities Act pursuant to which (X) Common Stock is offered to the public at a price of at least ** per share (subject to adjustment for stock splits, stock dividends, stock combinations, recapitalizations and like occurrences) and (Y) the net proceeds to the Corporation are at least ** (the "Termination Date"). Prior to the Termination Date the rights and obligations of any Investor under this Section 2 shall terminate upon the date on which such Investor no longer owns any Preferred Shares or Common Stock.
