Termination of Certain Covenants. The covenants set forth in Sections 3.5, 3.6 and 3.7 shall terminate and be of no further force or effect upon the consummation of (a) the IPO or (b) a Liquidation Event.
Appears in 2 contracts
Sources: Investors’ Rights Agreement (Backblaze, Inc.), Investors’ Rights Agreement (Backblaze, Inc.)
Termination of Certain Covenants. The covenants set forth in Sections 3.53.4, 3.6 3.6, 3.7, 3.8, 3.11, 3.12, 3.13, 3.14, 3.16, 3.17, and 3.7 3.19 shall terminate and be of no further force or effect upon the consummation of (a) the IPO or Initial Offering, (b) a Direct Listing or (c) a Liquidation Event, as that term is defined in the Restated Certificate.
Appears in 2 contracts
Sources: Investors’ Rights Agreement (Zymergen Inc.), Investors’ Rights Agreement (Zymergen Inc.)
Termination of Certain Covenants. The covenants set forth in this Section 3, other than Sections 3.53.11 and 3.12, 3.6 and 3.7 shall terminate and be of no further force or effect upon the consummation of (a) the IPO Initial Public Offering or (b) upon a Deemed Liquidation Event, as such term is defined in the Amended and Restated Certificate of Incorporation.
Appears in 2 contracts
Sources: Investors’ Rights Agreement (Ceribell, Inc.), Investors’ Rights Agreement (Ceribell, Inc.)
Termination of Certain Covenants. The All covenants set forth in Sections 3.5this Section 3, 3.6 other than the covenants set forth in Section 3.6, 3.7, and 3.7 3.10, shall terminate and be of no further force or effect upon the consummation of (a) the IPO Initial Offering (other than an Excluded Registration) or (b) a Liquidation Event.
Appears in 2 contracts
Sources: Investors’ Rights Agreement (BillionToOne, Inc.), Investors’ Rights Agreement (BillionToOne, Inc.)
Termination of Certain Covenants. The covenants set forth in Sections 3.5, 3.6 3.7, 3.11, and 3.7 3.12 shall terminate and be of no further force or effect upon the consummation of (a) the IPO Initial Offering or (b) a Liquidation Event, as that term is defined in the Restated Certificate.
Appears in 1 contract
Sources: Investors’ Rights Agreement (Tarsus Pharmaceuticals, Inc.)
Termination of Certain Covenants. The Each of the covenants set forth in this Section 2 (other than the covenants set forth in Sections 3.52.4, 3.6 2.5, 2.7, 2.8, 2.10 and 3.7 2.11) shall terminate as to each Holder and be of no further force or effect upon (i) immediately prior to the consummation of (a) the IPO a Qualified IPO, or (bii) a Liquidation Eventupon termination of this Agreement, as provided in Section 4.
Appears in 1 contract