Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the effective date of the registration statement pertaining to the Company's Initial Offering.
Termination of Rights of First Refusal. The rights of first refusal established by this Article IV shall terminate upon the closing of the Initial Offering.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall terminate upon the closing of an underwritten public offering of Common Stock of the Company made pursuant to an effective registration statement under the Securities Act.
Termination of Rights of First Refusal. The rights of first refusal established by this Article V shall terminate upon the closing of an underwritten public offering of Common Stock of the Company made pursuant to an effective registration statement under the Securities Act.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the closing of the Company's Initial Public Offering.
Termination of Rights of First Refusal. The rights of -------------------------------------- first refusal established by this Section 8 shall terminate when there are no longer more than 10,000 shares of Preferred Stock outstanding.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall terminate upon either (a) the date of the Initial Offering or (b) with respect to Prior Holders holding Series A Convertible Preferred Stock or Series B Convertible Preferred Stock, if fewer than 30% of the number of such Shares that are outstanding (or in the case of Series B Convertible Preferred Stock, that are issuable upon the exercise of an option therefor that is outstanding) as of the date of this Agreement remain outstanding or (c) with respect to Prior Holders holding Series C Convertible Preferred Stock or Series C-1 Convertible Preferred Stock, if fewer than 20% of the number of such shares that are outstanding (or, in the case of Series C-1 Convertible Preferred Stock, that are issuable upon the exercise of options therefor that are outstanding) as of the date of this Agreement remain outstanding or (d) with respect to Prior Holders holding Series D Convertible Preferred Stock or Series D-1 Convertible Preferred Stock, if fewer than 30% of the number of such shares that are outstanding (or, in the case of Series D-1 Convertible Preferred Stock that are issuable upon the exercise of Warrants therefor that are outstanding) as of the date of this Agreement remain outstanding or (e) with respect to Prior Holders holding Series E Convertible Preferred Stock, if fewer than 30% of the number of such shares that are outstanding as of the date of this Agreement remain outstanding or (f) with respect to Ford Holders holding shares of Common Stock originally issued to Ford, if fewer than 30% of the number of such shares that are outstanding as of the date of this Agreement remain outstanding.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall terminate as to each Purchaser at such time as all such Purchaser's Series A Preferred has been converted into Common Stock
Termination of Rights of First Refusal. The rights of first refusal established in Section 4.l(a) shall terminate upon the effective date of the registration statement pertaining to a Qualified Public Offering. The rights of first refusal established in Section 4.1(b) shall terminate as set forth therein.
Termination of Rights of First Refusal. The Rights of First Refusal under this Section 7 shall not apply to and shall terminate immediately before the closing of any initial public offering of the Company's Common Stock pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act and shall be reinstated if such closing does not occur.
