Lapse. The First Refusal Right shall lapse upon the earlier to occur of (i) an Initial Public Offering or (ii) the acquisition of the Corporation by an entity that is traded on a stock exchange. However, the Market Stand-Off shall continue to remain in full force and effect following the lapse of the First Refusal Right, including in the case of a transaction described in (i) above.
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Samples: Agreement (NeuroSigma, Inc.), Agreement (NeuroSigma, Inc.), Agreement (NeuroSigma, Inc.)
Lapse. The First Refusal Right shall lapse upon the earlier to occur of (ia) an Initial a Qualified Public Offering or (iib) the acquisition of the Corporation Company by an entity that is traded on a stock exchangeexchange or the Nasdaq Stock Market. However, the Market Stand-Off shall continue to remain in full force and effect following the lapse of the First Refusal Right, including in the case of a transaction described in subject to (ia) above.
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