Termination of Certain Covenants. The obligations of the Company under Sections 2.1, 2.2 and 2.3 hereof shall terminate and be of no further force or effect concurrent with the effectiveness of the Company's Initial Public Offering, or when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur.
Appears in 2 contracts
Sources: Investors Rights Agreement (Quintus Corp), Investors Rights Agreement (Quintus Corp)
Termination of Certain Covenants. The obligations of the Company under covenants set forth in this Sections 2.1, 2.2 and 2.3 hereof 2.1 through Section 2.11 shall terminate and be of no further force or effect concurrent with upon the effectiveness consummation of the Company's Initial a Qualified Public Offering, or when at such time as the Company first becomes subject is required to the periodic reporting requirements of Sections 12(g) file reports pursuant to Section 13 or 15(d) of the 1934 Act, whichever event shall first occurAct or upon a Liquidation Event (as defined in the Restated Certificate).
Appears in 2 contracts
Sources: Investors’ Rights Agreement (Ardelyx, Inc.), Investors’ Rights Agreement (Ardelyx, Inc.)
Termination of Certain Covenants. The obligations of the Company under covenants set forth in these Sections 2.1, 2.2 and 2.3 hereof 5.1 through 5.7 shall terminate and be of no further force or effect concurrent with upon (a) the effectiveness consummation of a Qualifying Public Offering; (b) upon a Deemed Liquidation Event, as such term is defined in the Company's Initial Public Offering, or when ’s then effective Amended and Restated Articles of Incorporation; and (c) the Company first becomes becoming subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Exchange Act, whichever event shall first occur.
Appears in 2 contracts
Sources: Investors’ Rights Agreement (ADESTO TECHNOLOGIES Corp), Investors’ Rights Agreement (ADESTO TECHNOLOGIES Corp)
Termination of Certain Covenants. The obligations of the Company under covenants set forth in Sections 2.1, 2.2 and 2.3 hereof 3.4 through 3.16 (except for Section 3.8) shall terminate and be of no further force or effect concurrent with upon the effectiveness earliest to occur of (a) the consummation of the Company's Initial Public Offering, or (b) when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 ActAct or (c) the consummation of a Liquidation Event, whichever event shall first occuras such term is defined in the Restated Certificate.
Appears in 2 contracts
Sources: Investors’ Rights Agreement (Omada Health, Inc.), Investors’ Rights Agreement (Omada Health, Inc.)
Termination of Certain Covenants. The obligations of the Company under Sections 2.1covenants set forth in Section 2.4, 2.2 2.5, 2.6, 2.7, 2.8, 2.9, and 2.3 hereof 2.10, shall terminate and be of no further force or effect concurrent with upon the effectiveness consummation of (a) a Qualified Public Offering (as that term is defined in the Company's Initial Public OfferingRestated Certificate), (b) a Liquidation Event (as that term is defined in the Restated Certificate), or (c) when the Company first becomes subject to the periodic reporting requirements of Sections Section 12(g) or 15(d) of the 1934 Act, whichever event shall first occur.
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Termination of Certain Covenants. The obligations Each of the Company under covenants set forth in Section 2 (with the exception of the covenants set forth in Sections 2.12.8 and 2.9, 2.2 and 2.3 hereof which shall survive termination) shall terminate as to each Holder and be of no further force or effect concurrent with the effectiveness of the Company's Initial Public Offering, or when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) 13 or 15(d) of the 1934 Securities Exchange Act of 1934, as amended (and any successor thereto) and the rules and regulations promulgated thereunder (the “Exchange Act”), whichever event shall first occurif this occurs earlier than the events described in Section 4.1.
Appears in 1 contract
Sources: Investors’ Rights Agreement (Upstart Holdings, Inc.)
Termination of Certain Covenants. The obligations of the Company under Sections 2.1, 2.2 and 2.3 hereof covenants set forth in this Section 4 other than Section 4.7 shall terminate and be of no further force or effect concurrent with upon the effectiveness consummation of a Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company's Initial Public Offering’s Amended and Restated Certificate of Incorporation, or when the Company first becomes subject as may be amended and/or restated from time to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occurtime).
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Termination of Certain Covenants. The obligations covenants of the Company under contained in Sections 2.1, 2.2 and 2.3 hereof 4.1 through 4.10 shall terminate and be of no further force or effect concurrent with at the effectiveness time of the Company's Initial Public Offering, or when the Company first becomes and subject to the periodic reporting requirements earlier of Sections 12(g(a) the closing and funding of a Qualified Public Offering (as defined in the Certificate) or 15(d(b) the consummation of a Deemed Liquidation Event (as defined in the 1934 Act, whichever event shall first occurCertificate).
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