Common use of Lapse Clause in Contracts

Lapse. The Special Purchase Right under this Article VIII shall lapse and cease to have effect upon the EARLIER to occur of (i) the first date on which the First Refusal Right under Article VI lapses or (ii) the expiration of the thirty (30)-day exercise period specified in paragraph 8.3, to the extent the Special Purchase Right is not timely exercised in accordance with such paragraph.

Appears in 9 contracts

Samples: Repurchase Right (Tellabs Inc), Stock Purchase Agreement Agreement (Rhythms Net Connections Inc), Restricted Stock Issuance Agreement (Rubios Restaurants Inc)

AutoNDA by SimpleDocs

Lapse. The Special Purchase Right under this Article VIII shall lapse and cease to have effect upon the EARLIER earlier to occur of (i) the first date on which the First Refusal Right under Article VI lapses or (ii) the expiration of the thirty (30)-day exercise period specified in paragraph 8.3, to the extent the Special Purchase Right is not timely exercised in accordance with such paragraph.

Appears in 9 contracts

Samples: Stock Pledge Agreement (Nanogen Inc), Employment Agreement (Combichem Inc), Series F Preferred Stock Purchase Agreement (Digirad Corp)

Lapse. The Special Purchase Right under this Article VIII shall ----- lapse and cease to have effect upon the EARLIER earlier to occur of (i) the first date ------- on which the First Refusal Right under Article VI lapses or (ii) the expiration of the thirty (30)-day exercise period specified in paragraph 8.3, to the extent the Special Purchase Right is not timely exercised in accordance with such paragraph.

Appears in 1 contract

Samples: Option Agreement (Corsair Communications Inc)

AutoNDA by SimpleDocs

Lapse. The Special Purchase Right under this Article VIII shall lapse and cease to have effect upon the EARLIER earlier to occur of (i) the first date ------- on which the First Refusal Right under Article VI lapses or (ii) the expiration of the thirty (30)-day exercise period specified in paragraph 8.3, to the extent the Special Purchase Right is not timely exercised in accordance with such paragraph.

Appears in 1 contract

Samples: Stock Purchase Agreement (Corsair Communications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.