Termination of Additional Covenants Sample Clauses

Termination of Additional Covenants. The covenants set forth in this Section 5 (other than Sections 5.7 and 5.9) shall terminate and be of no further force and effect immediately prior to the closing of the Initial Public Offering.
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Termination of Additional Covenants. The covenants set forth in Sections 6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 6.7 and 6.8 shall terminate upon the earlier of: (i) the closing date of the Company’s Initial Public Offering or (ii) the closing date of a Change of Control, in which the consideration received by the Investors is in the form of cash and/or marketable securities. 7.
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Termination of Additional Covenants. The covenant set forth in ----------------------------------- Section 3.1 shall terminate and be of no further force or effect when the sale of securities pursuant to a registration statement filed by the Company under the Act in connection with the firm commitment underwritten offering of its securities to the general public is consummated or when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur.
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Termination of Additional Covenants. Section 4.17(a) and Section 4.17(b) shall automatically terminate and shall be of no further force or effect upon the earliest of (i) the date that all of the Purchased Shares shall have been repurchased or redeemed by the Company, or converted into Common Stock, (ii) the date that the Trading Price is equal to or greater than the Conversion Price for at least one hundred eighty (180) consecutive Trading Days and (iii) the date that the Trading Price is equal to or greater than two (2) times the Conversion Price for at least thirty (30) consecutive Trading Days. In the event that such a termination occurs under foregoing clause (ii) or (iii), the Company shall provide prompt written notice thereof to the Purchasers’ Representative; provided that the failure to give such notice shall not affect the termination of such covenants.
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Termination of Additional Covenants. The covenants set forth in this Section 5 shall terminate and be of no further force or effect (a) immediately before the consummation of the IPO, (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act or (c) upon a Liquidation Event, as such term is defined in the Restated Articles, whichever event occurs first.
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Termination of Additional Covenants. The Company’s obligations under Article 2 will terminate upon the closing of a registered public offering of the Company’s securities.
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Termination of Additional Covenants. The covenants set forth in this Section 5 shall terminate and be of no further force or effect upon the earlier of (i) the conversion of all outstanding shares of the Series B Preferred Stock into Common Stock; or (ii) a Change of Control Transaction in which the Series B Preferred Stock are entitled to a distribution in any liquidation or deemed liquidation. “
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Related to Termination of Additional Covenants

  • Certain Additional Covenants (a) If any Pledgor shall, as a result of its ownership of any of the Collateral, become entitled to receive or shall receive any Stock Certificate (including any Stock Certificate issued pursuant to a stock dividend or a distribution in connection with any reclassification or increase or reduction of capital, or any Stock Certificate issued in connection with any reorganization) or any other certificate evidencing any Collateral, such Pledgor shall accept the same as the agent of the Agent, hold the same in trust for the Agent and deliver the same forthwith to the Agent in the exact form received, duly endorsed by such Pledgor to the Agent, if required, together with an undated stock power covering such Stock Certificate or other certificate duly executed in blank by such Pledgor and with, if the Agent so requests, signature guaranteed, to be held by the Agent, subject to the terms hereof, as additional Collateral. Any sums paid upon or in respect of the Pledged Equity Interests upon the liquidation or dissolution of any Subsidiary shall be paid over to the Agent to be held as additional Collateral. In case any distribution of capital shall be made on or in respect of the Pledged Equity Interests or any property shall be distributed upon or with respect to the Pledged Equity Interests pursuant to the recapitalization or reclassification of the capital of the Pledgor or any Subsidiary or pursuant to the reorganization thereof, as applicable, the capital or property so distributed shall be delivered to the Agent to be held as additional Collateral. If any such capital or property so paid or distributed shall be received by any Pledgor, such Pledgor shall, until such capital or property is paid or delivered to the Agent, hold such money or property in trust for the Agent, segregated from other funds of such Pledgor, as additional Collateral.

  • Additional Covenants The Company covenants and agrees with the Agent as follows, in addition to any other covenants and agreements made elsewhere in this Agreement:

  • Additional Covenant In Section 4 add a new paragraph as follows:

  • Tenants Additional Covenants Tenant shall (a) join the Advisory Association and cooperate in the activities of such association; (b) at its election, engage in reasonable cross-marketing endeavors with the members of the Advisory Association; and (c) at its election, provide signage on the Property which references that the Property is owned by Landlord, which signage may include an appropriate logo selected by Landlord. In addition, it is the intent of the parties that Tenant be a single-purpose entity with no business operations except for those related solely to the operation of the Property for its Primary Intended Use and other property of Landlord which may be leased to Tenant. Tenant shall, therefore, not engage in or undertake any activities other than those respecting the operation of the Property for its Primary Intended Use, including leasing, managing, and operating golf courses in accordance with this Lease.

  • Additional Covenants of the Parties In addition to the foregoing, the parties covenant and agree as follows:

  • Additional Covenants of the Company The Company further covenants and agrees with each Underwriter as follows:

  • Additional Covenants of Tenant If, as result of any application or use by Landlord of all or any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the Letter of Credit Amount, Tenant shall, within five (5) business days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of credit in the total Letter of Credit Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this ARTICLE 27, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in this Lease, the same shall constitute an Event of Default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance.

  • Further Assurances and Additional Covenants (a) In addition to the actions specifically provided for elsewhere in this Agreement, each of the Parties shall, subject to Section 4.03, use reasonable best efforts, prior to, on and after the Distribution Date, to take, or cause to be taken, all actions, and to do, or cause to be done, all things, reasonably necessary, proper or advisable under applicable Laws and agreements to consummate and make effective the transactions contemplated by this Agreement.

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