Common use of Termination of Information Rights Clause in Contracts

Termination of Information Rights. The covenants set forth in Section 1.1 shall terminate as to each Holder and be of no further force and effect upon the consummation of the sale of securities pursuant to a registration statement filed by the Corporation under the Securities Act of 1933, as amended (the "Securities Act"), in connection with the initial firm commitment underwritten offering of its securities to the general public at a price per share of at least $9.00 and with gross proceeds to the Corporation of at least $15,000,000 (a "Qualifying Public Offering").

Termination of Information Rights. The covenants set forth in --------------------------------- Section 1.1 1.2 shall terminate as to each Holder and be of no further force and ----------- effect upon the consummation of the sale of securities pursuant to a registration statement filed by the Corporation under the Securities Act of 1933, as amended (the "Securities Act"), in connection with the initial firm commitment underwritten offering of its securities to the general public at a price per share of at least $9.00 and with gross proceeds to the Corporation of at least $15,000,000 25,000,000 (a "Qualifying Public Offering").

Termination of Information Rights. The covenants set forth in this Section 1.1 2 shall terminate as to each Holder Holders and be of no further force and effect upon the consummation of the sale of securities pursuant to a registration statement filed by the Corporation Company under the Securities Act of 1933, as amended (the "Securities Act"), in connection with the initial firm commitment underwritten offering of its securities to the general public at a price per share of at least $9.00 and with gross proceeds to the Corporation of at least $15,000,000 (a "Qualifying Public Offering")public.

Termination of Information Rights. The covenants set forth in this Section 1.1 2 shall terminate as to each Holder Holders and be of no further force and effect (i) upon the consummation of the sale of securities pursuant to a registration statement filed by the Corporation Company under the Securities Act of 1933, as amended (the "Securities Act"), in connection with the initial firm commitment underwritten offering of its securities to the general public at or (ii) as to a price per share of particular Holder on the date such Holder no longer holds at least $9.00 and with gross proceeds to the Corporation 100,000 shares of at least $15,000,000 (a "Qualifying Public Offering")Registrable Securities.

Termination of Information Rights. The covenants set forth in this Section 1.1 2 shall terminate as to each Holder Holders and be of no further force and effect (i) upon the consummation of the sale of securities pursuant to a registration statement filed by the Corporation Company under the Securities Act of 1933, as amended (the "Securities Act"), in connection with the initial firm commitment underwritten offering of its securities to the general public at a price per share of at least $9.00 and with gross proceeds or (ii) when the Company first becomes subject to the Corporation periodic reporting requirements of at least $15,000,000 (a "Qualifying Public Offering")Section 12(g) or 15(d) of the Securities Exchange Act of 1934, whichever event shall first occur.