Common use of Termination of Conditions and Obligations Clause in Contracts

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur of (i) the sale of the Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 under the Securities Act or (iii) the passage of two (2) years from the effective date of the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 Sections 7, 8 and 10 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur of (i) the sale of and any legend on the Shares pursuant to will be removed by the Registration Statement, (iiCompany) the sale of the at such time as such Shares pursuant to Rule 144 have been effectively registered under the Securities Act and sold or (iii) otherwise disposed of in accordance with the passage intended method of two (2) years from the effective date of disposition set forth in the Registration Statement covering such Shares Shares, upon the passage of two years from the Closing Date, or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur of (i) the sale of the such Shares pursuant to the a Registration Statement, (ii) the sale of the such Shares pursuant to Rule 144 under the Securities Act or (iii) the passage of two (2) years from the effective date of the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory in form and substance to the Company and the Purchaser shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent restrictions imposed by Section 5 or this Section 7 upon the transferability of the Shares (as well as the Option Shares) shall cease and terminate as to any particular number of the Shares (as well as the Option Shares) upon the earliest to occur earlier of (i) the sale of the Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 under the Securities Act or (iii) the passage of two (2) years from the effective date of the Registration Statement covering such Shares Registrable Securities (unless the Purchaser is then, or at was during the preceding three months, an affiliate (as defined in Rule 144 promulgated under the Securities Act) of the Company and (ii) such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 Sections 7, 8 and 9 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur of (i) the sale of and any legend on the Shares pursuant to will be removed by the Registration Statement, (iiCompany) the sale of the at such time as such Shares pursuant to Rule 144 have been effectively registered under the Securities Act and sold or (iii) otherwise disposed of in accordance with the passage intended method of two (2) years from the effective date of disposition set forth in the Registration Statement covering such Shares Shares, upon the passage of two years from the Closing Date, or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent restrictions imposed by Section 5 or this Section 7 upon the transferability of the Securities and the Warrant Shares shall cease and terminate as to any particular number of the Shares or Warrant Shares upon the earliest to occur of (i) the sale of the Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 under the Securities Act or (iii) the passage of two (2) years from the effective date of the Registration Statement covering such Securities or Warrant Shares to the extent such Shares or Warrant Shares are eligible for resale pursuant to Rule 144(k) under the Securities Act or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent ----------------------------------------- imposed by Section 5 or this Section 7 6 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon on the earliest to occur of date all such Shares (i) are eligible for sale under Rule 144(k), (ii) have been effectively registered under the sale Securities Act and sold or otherwise disposed of in accordance with the Shares pursuant to intended method of disposition set forth in the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 under the Securities Act or (iii) the passage of two (2) years from the effective date of the Registration Statement covering such Shares or at such time as Company receives an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The Except as is provided in Section 5.5(a) hereof, the conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Shares Securities shall cease and terminate as to any particular number of the Securities, when such Conversion Shares upon the earliest to occur of (i) the sale of the Shares pursuant to the Registration Statementand/or Warrant Shares, (ii) the sale of the Shares pursuant to Rule 144 as applicable, shall have been effectively registered under the Securities Act and sold or (iii) otherwise disposed of in accordance with the passage intended method of two (2) years from the effective date of disposition set forth in the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent restrictions imposed by Section 5 or this Section 7 upon the transferability of the Conversion Shares shall cease and terminate as to any particular number of the Shares Conversion Shares, as applicable, upon the earliest to occur of (i) the sale of the Shares Conversion Shares, as applicable, pursuant to the Registration Statement, (ii) the sale of the Shares Conversion Shares, as applicable, pursuant to Rule 144 under the Securities Act Act, or (iii) the passage of two (2) years from the effective date of the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 Sections 7, 8 and 10 upon the transferability of the Shares shall cease and terminate as to any particular number of Shares (and the legend on the Shares upon will be removed by the earliest to occur of (iCompany) the sale of the at such time as such Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 have been effectively registered under the Securities Act and sold or (iii) otherwise disposed of in accordance with the passage intended method of two (2) years from the effective date of disposition set forth in the Registration Statement covering such Shares Shares, upon the passage of two years from the Closing Date, or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent restrictions imposed by Section 5 or this Section 7 8 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur earlier of (i) the sale of the Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 under the Securities Act or (iii) the passage of two (2) years from the effective date of the Registration Statement covering such Shares Registrable Securities (unless the Buyer is then, or at was during the preceding three months, an affiliate (as defined in Rule 144 promulgated under the Securities Act) of the Company and (ii) such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent restrictions imposed by Section SECTION 5 or this Section 7 SECTION 8 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur of (i) the sale of the Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 under the Securities Act or Act, and (iii) the passage of two five (25) years from the effective date of the Registration Statement covering such Shares Closing Date or at such time as an opinion of counsel reasonably satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 Sections 5, 6.2 or this Section 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur of (i) the sale of the when such Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 shall have been effectively registered under the Securities Act and sold or (iii) otherwise disposed of in accordance with the passage intended method of two (2) years from the effective date of disposition set forth in the Registration Statement covering such Shares or at such time as an opinion of counsel reasonably satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act. No such opinion of counsel shall be required in connection with transfers pursuant to Rule 144 promulgated under the Securities Act except in unusual circumstances.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon the earliest to occur of (i) the sale of the when such Shares pursuant to the Registration Statement, (ii) the sale of the Shares pursuant to Rule 144 shall have been effectively registered under the Securities Act and sold or (iii) otherwise disposed of in accordance with the passage intended method of two (2) years from the effective date of disposition set forth in the Registration Statement covering such Shares, at the time such Shares are eligible for sale pursuant to Rule 144(b)(1) or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act. The Company shall be entitled to require an opinion of counsel reasonably satisfactory to it to such effect.