Common use of Termination of Certain Rights Clause in Contracts

Termination of Certain Rights. The Company’s obligations under this Article 1 shall terminate immediately upon the closing of the Company’s firm commitment underwritten initial public offering (“IPO”) pursuant to a Registration Statement under the Securities Act of 1933, as amended (the “Securities Act”), or at such time that the Company first becomes subject to the periodic reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

Termination of Certain Rights. The Company’s obligations under this Article 1 ARTICLE I shall terminate immediately upon prior to the closing of the Company’s firm commitment underwritten initial public offering Qualified Public Offering (“IPO”as defined below) pursuant to a Registration Statement (as defined in Section 2.1 below) under the Securities Act of 1933, as amended (the “Securities Act”), ) or at such time that the Company first becomes subject to the periodic reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

Termination of Certain Rights. The Company’s obligations under this Article Section 1 shall (other than the provisions of Section 1.2) will terminate immediately upon the earlier of (a) the closing of a “Qualifying IPO” (as defined in the Company’s firm commitment underwritten initial public offering (“IPO”Charter) pursuant to a Registration Statement under the Securities Act of 1933, as amended (the “Securities Act”), or at such time that if the Company first otherwise becomes subject to the periodic reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and (b) a Merger (as defined in the Charter).

Termination of Certain Rights. The Company’s 's obligations under this Article 1 shall Section 1.1 hereof will terminate immediately upon the closing of the Company’s firm commitment underwritten 's initial public offering of its Common Stock (“the "IPO”") pursuant to a Registration Statement an effective registration statement filed under the U.S. Securities Act of 1933, as amended (the “"Securities Act”"), or at such time that in which the Company first becomes subject to managing underwriter will be a reputable investment banking firm as determined in good faith by the periodic reporting requirements Company's Board of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)Directors.