Termination of Company Rights Sample Clauses

Termination of Company Rights. The Company’s Right of First Refusal and Purchase Right as set forth in this Section 17 shall terminate as to any Shares upon the earlier of (i) the first sale of Common Stock by the Company or its successor to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act, or (ii) a Change in Control in which the successor company has equity securities that are publicly traded.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Termination of Company Rights. The Company shall cause all options, warrants or other rights to purchase share capital of the Company to be cancelled and terminated prior to the Closing in compliance with the underlying instrument or plan, all other applicable Company Contracts, the Company Constituent Documents, and all applicable Legal Requirements and without liability to the Company, the Purchaser or any of their respective Affiliates after the Closing. The Company shall provide the Purchaser with a reasonable and timely opportunity to review and comment on any documentation or correspondence related to the termination and cancellation of Company Rights. Purchaser’s review and approval of such documentation shall not alter its right to recover for Damages suffered by it under Article 9 of this Agreement or any of the warranties of the Company or the Selling Shareholders set forth in this Agreement.
Sample 1
Termination of Company Rights. All options, warrants and other rights to purchase share capital of the Company shall have been cancelled and terminated without liability to the Purchaser, the Company or any of their respective Affiliates following the Closing, and Purchaser shall have received a termination and release agreement reasonably satisfactory to the Purchaser from (i) each Selling Shareholder holding a Company Right as of immediately prior to the Closing and (ii) each holder of a Company Right as of immediately prior to the Closing that does not terminate automatically, in accordance with its terms, upon the Closing.
Sample 1

Related to Termination of Company Rights

  • Termination of Company Upon the completion of the liquidation of the Company and the distribution of all Company assets, the Company's affairs shall terminate and the Liquidator shall cause to be executed and filed an appropriate certificate, if required, to such effect in the proper governmental office or offices, as well as any and all other documents required to effectuate the termination of the Company.

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Termination of Rights as Stockholder If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

  • Termination of Rights The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

  • Effect of Termination or Resignation Any termination or resignation of the Servicer under this Agreement shall not affect any claims that the Issuer may have against the Servicer for events or actions taken or not taken by the Servicer arising prior to any such termination or resignation.

  • Effect of Termination of Service on Restricted Stock Award 10.1 This Restricted Stock Award will vest as follows:

  • Termination of Merger Agreement Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically terminate and be of no further force or effect.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

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