Common use of Holder Redemption Clause in Contracts

Holder Redemption. In the event that a Qualified IPO has not occurred on or before the three-year anniversary of the Issue Date (a "HOLDER REDEMPTION TRIGGERING DATE"), the Holder shall have the right to require the Company to redeem all or any portion of this Note (a "HOLDER REDEMPTION") at the Holder Redemption Price on the date that is twenty (20) Business Days after such third anniversary date (the "HOLDER REDEMPTION DATE"). For purposes hereof, "HOLDER REDEMPTION PRICE" means (A) the principal amount of this Note being redeemed plus (B) all unpaid Interest (subject to adjustment as described in SECTION 2(a) of this Note) and Additional Amounts (if any) accrued on the principal of this Note to, but excluding, the Holder Redemption Date.

Holder Redemption. In the event that a Qualified IPO has not occurred on or before the three-year anniversary of the Issue Date (a "HOLDER REDEMPTION TRIGGERING DATE"“Holder Redemption Triggering Date”), the Holder shall have the right to require the Company to redeem all or any portion of this Note (a "HOLDER REDEMPTION"“Holder Redemption”) at the Holder Redemption Price on the date that is twenty (20) Business Days after such third anniversary date (the "HOLDER REDEMPTION DATE"“Holder Redemption Date”). For purposes hereof, "HOLDER REDEMPTION PRICE" “Holder Redemption Price” means (A) the principal amount of this Note being redeemed plus (B) all unpaid Interest (subject to adjustment as described in SECTION Section 2(a) of this Note) and Additional Amounts (if any) accrued on the principal of this Note to, but excluding, the Holder Redemption Date.