Common use of Termination of Obligations Clause in Contracts

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder or (ii) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month period pursuant to Rule 144, including Rule 144 (k) or (iii) upon the second anniversary date of the Effective Date.

Appears in 5 contracts

Samples: Registration Rights Agreement (Jagen Pty LTD), Registration Rights Agreement (Enova Systems Inc), Registration Rights Agreement (Enova Systems Inc)

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Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144, including Rule 144 (k) or (iiic) upon the second third anniversary date of the Effective Closing Date.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Aradigm Corp), Securities Purchase Agreement (Aradigm Corp), Securities Purchase Agreement (Aradigm Corp)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 2.1 through 5 2.4 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder or (ii) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month period pursuant to Rule 144, including Rule 144 (k) or (iii) upon the second third anniversary date of the Effective DateDate of this Agreement.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Hull James Mitchell), Registration Rights Agreement (Hull James Mitchell), Valuestar Corporation Registration Rights Agreement (Valuestar Corp)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 8.2 through 5 8.5 hereof with respect to any Holder Registrable Shares issued at a Closing and the Registration Statement covering such Shares shall cease and terminate upon the earlier to occur of (i) at such time as all of the such Registrable Shares (i) have been resold by such Holder or (ii) such time as all of the such Registrable Shares held by such Holder Purchaser may be sold during any 3 month 90 day period pursuant to Rule 144, including Rule 144 (k) or (iii) upon ), without being restricted by the second anniversary date volume limitations of the Effective DateRule 144(e).

Appears in 3 contracts

Samples: License Agreement (Cell Genesys Inc), License Agreement (Transkaryotic Therapies Inc), License Agreement (Transkaryotic Therapies Inc)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder that have not previously been resold may be sold during any 3 resold in a three-month period pursuant to Rule 144144(k) and Purchaser receives an opinion of counsel to the Company to that effect, including Rule 144 (k) or (iiic) upon the second third anniversary date of the Effective Closing Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Solexa, Inc.), Securities Purchase Agreement (Illumina Inc)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 1.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144, including Rule 144 (k) or (iiic) upon the second anniversary date of the Effective Closing Date.

Appears in 2 contracts

Samples: Escrow Agreement (Graphon Corp/De), Holder Agreement (Graphon Corp/De)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 9.2 through 5 9.5 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder or (ii) as to each Purchaser, such time as all of the Registrable Shares held by such Holder Purchaser may be sold during any 3 month 90 day period pursuant to Rule 144, including Rule 144 (k) or (iii) upon ), without being restricted by the second anniversary date volume limitations of the Effective DateRule 144(e).

Appears in 2 contracts

Samples: Stock and Warrant Purchase Agreement (Onyx Pharmaceuticals Inc), Stock and Warrant Purchase Agreement (Onyx Pharmaceuticals Inc)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 7.2 and 7.3 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month resold in a 90-day period pursuant to Rule 144, including Rule 144 (k) or (iiic) upon the second anniversary date of the Effective Datedate the Registration Statement or Demand Registration Statement, as applicable, went effective.

Appears in 1 contract

Samples: Securities Purchase Agreement (Favrille Inc)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 5.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder resold, or (ii) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144, including Rule 144 (k) or (iii) upon the second anniversary date of the Effective Closing Date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sorrento Networks Corp)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 2.1 through 5 2.5 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder or (ii) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month period pursuant to Rule 144, including Rule 144 (k) or (iii) upon the second anniversary date of the Effective Datedate of effectiveness of the Registration Statement.

Appears in 1 contract

Samples: Registration Rights Agreement (Instant Video Technologies Inc)

Termination of Obligations. The Company’s registration obligations of the Company pursuant to Sections 2 through 5 and 3 hereof with respect to any Holder shall cease and terminate upon on the earlier to occur of (ia) such time as the date that all of the Registrable Shares have been resold Securities held or entitled to be held by such Holder may immediately be sold without restriction (including volume limitations) under Rule 144 during any 90-day period, or (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month period pursuant to Rule 144, including Rule 144 one (k1) or (iii) upon the second anniversary date of year from the Effective Date.

Appears in 1 contract

Samples: Registration Rights Agreement (Wj Communications Inc)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144144(k), including Rule 144 (k) or (iiic) upon the second fifth anniversary date of the Effective Second Closing Date or, if the Second Closing does not occur, the First Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Solexa, Inc.)

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Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder resold, or (ii) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144, including Rule 144 (k) or (iii) upon the second anniversary date of the Effective Closing Date.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Aradigm Corp)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 2.1 through 5 2.6 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder or (ii) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month period pursuant to Rule 144, including Rule 144 (k) or (iii) upon the second anniversary date of the Effective Datedate of effectiveness of the Registration Statement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Burst Com)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (i) such time as all of the Registrable Shares have been resold by such Holder or resold, (ii) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144, including Rule 144 (k) or (iii) upon the second third anniversary date of the Effective Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Aradigm Corp)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 1.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month period freely resold by the Purchaser pursuant to Rule 144 under the Securities Act (“Rule 144”), including Rule 144 (k) or (iiic) upon the second anniversary date of the Effective Datedate hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Metabasis Therapeutics Inc)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144144(k), including Rule 144 (k) or (iiic) upon the second fifth anniversary date of later of the Effective First Closing Date or Second Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Solexa, Inc.)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.1 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 month period resold without restriction pursuant to Rule 144, including Rule 144 (k) or (iiic) upon the second third anniversary date of the Effective Closing Date, but not so long as any Purchaser is deemed an Affiliate of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Affymax Inc)

Termination of Obligations. The obligations of the Company pursuant to Sections 2 through 5 Section 7.2 hereof with respect to any Holder shall cease and terminate upon the earlier to occur of (ia) such time as all of the Registrable Shares have been resold by such Holder or resold, (iib) such time as all of the Registrable Shares held by such Holder may be sold during any 3 resold in a three-month period pursuant to Rule 144, including Rule 144 (k) or (iiic) upon the second anniversary date of the Effective Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Metabasis Therapeutics Inc)

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