Common use of Acceleration of Term Upon Initial Public Offering Clause in Contracts

Acceleration of Term Upon Initial Public Offering. Notwithstanding ------------------------------------------------- any provision to the contrary contained in this Warrant, the Holder's right to exercise this Warrant shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities Act (the "Initial Public Offering"), provided that the underwriters request that the Holder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exercise. The Company shall notify the Holder if the Initial Public Offering is proposed, within a reasonable period of time prior to the filing of a registration statement. Such notice shall contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant is expected to expire upon closing thereof (provided such notice is delivered at least fifteen (15) business days prior thereto). If such closing does not take place, the Company shall promptly notify the Holder that such proposed transaction has been terminated. Anything to the contrary in this Warrant notwithstanding, the Holder may rescind any exercise promptly after such notice of termination of the proposed transaction if the exercise occurred after the Company notified the Holder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant will continue to be exercisable on the same terms and conditions.

Acceleration of Term Upon Initial Public Offering. Notwithstanding any ------------------------------------------------- any provision to the contrary contained in this Warrant, the Holder's right to exercise this Warrant shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities Act (the "Initial Public Offering"), provided that the underwriters request that the Holder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exercise. The Company shall notify the Holder if the Initial Public Offering is proposed, within a reasonable period of time prior to the filing of a registration statement. Such notice shall contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant is expected to expire upon closing thereof (provided such notice is delivered at least fifteen (15) business days prior thereto). If such closing does not take place, the Company shall promptly notify the Holder that such proposed transaction has been terminated. Anything to the contrary in this Warrant notwithstanding, the Holder may rescind any exercise promptly after such notice of termination of the proposed transaction if the exercise occurred after the Company notified the Holder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant will continue to be exercisable exerciseable on the same terms and conditions.

Acceleration of Term Upon Initial Public Offering. Notwithstanding ------------------------------------------------- any provision the term of this Warrant Agreement fixed pursuant to the contrary contained in this WarrantSection 2(a) hereof, the HolderWarrantholder's right to exercise this Warrant purchase Common Stock as granted herein shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock of the Company in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities 1933 Act (the "Initial Public Offering"), provided that the underwriters request that the Holder Warrantholder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exerciseWarrant. The Company shall notify the Holder Warrantholder if the Initial Public Offering is proposed, within a reasonable period of time prior to the filing of a registration statementstatement and if the Company fails to deliver such written notice within a reasonable period of time, anything to the contrary in this Warrant Agreement notwithstanding, the rights to purchase will not expire until ten (10) business days after the Company delivers such notice to the Warrantholder. Such notice shall also contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant Agreement is expected to expire upon the later of (i) the closing thereof of the Initial Public Offering or (provided such notice ii) the date which is delivered at least fifteen ten (1510) business days prior thereto)after the date the Warrantholder receives the notice. If such closing does not take placeplace within six (6) months, the Company shall promptly notify the Holder Warrantholder that such proposed transaction has been terminated. Anything to the contrary in this Warrant Agreement notwithstanding, the Holder Warrantholder may rescind any exercise of its purchase rights promptly after such notice of termination of the proposed transaction if the exercise of Warrants occurred after the Company notified the Holder Warrantholder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant the Warrants will continue to be exercisable on the same terms and conditions.

Acceleration of Term Upon Initial Public Offering. Notwithstanding the ------------------------------------------------- any provision term of this Warrant Agreement fixed pursuant to the contrary contained in this WarrantSection 2(a) hereof, the HolderWarrantholder's right to exercise this Warrant purchase Common Stock as granted herein shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock of the Company in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "Initial Public Offering"), provided that the underwriters request that the Holder Warrantholder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exerciseWarrant. The Company shall notify the Holder Warrantholder if the Initial Public Offering is Is proposed, within a reasonable period of time prior to the filing of a registration statementstatement and if the Company fails to deliver such written notice within a reasonable period of time, anything to the contrary in this Warrant Agreement notwithstanding, the rights to purchase will not expire until ten (10) business days after the Company delivers such notice to the Warrantholder. Such notice shall also contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant Agreement is expected to expire upon closing thereof (provided such notice is delivered at least fifteen (15) business days prior thereto)thereof. If such closing does not take place, the Company shall promptly notify the Holder Warrantholder that such proposed transaction has been terminated. Anything to the contrary in this Warrant Agreement notwithstanding, the Holder Warrantholder may rescind any exercise of its purchase rights promptly after such notice of termination of the proposed transaction if the exercise of Warrants occurred after the Company notified the Holder Warrantholder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant the Warrants will continue to be exercisable on the same terms and conditions.

Acceleration of Term Upon Initial Public Offering. Notwithstanding ------------------------------------------------- any provision the term of this Warrant Agreement fixed pursuant to the contrary contained in this WarrantSection 2(a) hereof, the HolderWarrantholder's right to exercise this Warrant purchase Preferred Stock as granted herein shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock of the Company in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities 1933 Act (the "Initial Public Offering"), provided that the underwriters request that the Holder Warrantholder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exerciseWarrant. The Company shall notify the Holder Warrantholder if the Initial Public Offering is proposed, within a reasonable period of time prior to the filing of a registration statementstatement and if the Company fails to deliver such written notice within a reasonable period of time, anything to the contrary in this Warrant Agreement notwithstanding, the rights to purchase will not expire until ten (10) business days after the Company delivers such notice to the Warrantholder. Such notice shall also contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant Agreement is expected to expire upon the later of (i) the closing thereof of the Initial Public Offering or (provided such notice ii) the date which is delivered at least fifteen ten (1510) business days prior thereto)after the date the Warrantholder receives the notice. If such closing does not take placeplace within six (6) months, the Company shall promptly notify the Holder Warrantholder that such proposed transaction has been terminated. Anything to the contrary in this Warrant Agreement notwithstanding, the Holder Warrantholder may rescind any exercise of its purchase rights promptly after such notice of termination of the proposed transaction if the exercise of Warrants occurred after the Company notified the Holder Warrantholder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant the Warrants will continue to be exercisable on the same terms and conditions.

Acceleration of Term Upon Initial Public Offering. Notwithstanding the ------------------------------------------------- any provision term of this Warrant Agreement fixed pursuant to the contrary contained in this WarrantSection 2(a) hereof, the HolderWarrantholder's right to exercise this Warrant purchase Common Stock as granted herein shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock of the Company in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "Initial Public Offering"), provided that the underwriters request that the Holder Warrantholder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exerciseWarrant. The Company shall notify the Holder Warrantholder if the Initial Public Offering is proposed, within a reasonable period of time prior to the filing of a registration statementstatement and if the Company fails to deliver such written notice within a reasonable period of time, anything to the contrary in this Warrant Agreement notwithstanding, the rights to purchase will not expire until ten (10) business days after the Company delivers such notice to the Warrantholder. Such notice shall also contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant Agreement is expected to expire upon closing thereof (provided such notice is delivered at least fifteen (15) business days prior thereto)thereof. If such closing does not take place, the Company shall promptly notify the Holder Warrantholder that such proposed transaction has been terminated. Anything to the contrary in this Warrant Agreement notwithstanding, the Holder Warrantholder may rescind any exercise of its purchase rights promptly after such notice of termination of the proposed transaction if the exercise of Warrants occurred after the Company notified the Holder Warrantholder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant the Warrants will continue to be exercisable on the same terms and conditions.

Acceleration of Term Upon Initial Public Offering. Notwithstanding Not ------------------------------------------------- any provision withstanding the term of this Warrant Agreement fixed pursuant to the contrary contained in this WarrantSection 2(a) hereof, the HolderWarrantholder's right to exercise this Warrant purchase Preferred Stock as granted herein shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock of the Company in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "Initial Public Offeringoffering"), provided that the underwriters request that the Holder Warrantholder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exerciseWarrant. The Company shall notify the Holder Warrantholder if the Initial Public Offering is proposed, within a reasonable period of time prior to the filing of a registration statementstatement and if the Company fails to deliver such written notice within a reasonable period of time, anything to the contrary in this Warrant Agreement notwithstanding, the rights to purchase will not expire until ten (10) business days after the Company delivers such notice to the Warrantholder. Such notice shall also contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant Agreement is expected to expire upon closing thereof (provided such notice is delivered at least fifteen (15) business days prior thereto)thereof. If such closing does not take place, the Company shall promptly notify the Holder Warrantholder that such proposed transaction has been terminated. Anything to the contrary in this Warrant Agreement notwithstanding, the Holder Warrantholder may rescind any exercise of its purchase rights promptly after such notice of termination of the proposed transaction if the exercise of Warrants occurred after the Company notified the Holder Warrantholder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant the Warrants will continue to be exercisable on the same terms and conditions.

Acceleration of Term Upon Initial Public Offering. Notwithstanding ------------------------------------------------- any provision the term of this Warrant Agreement fixed pursuant to the contrary contained in this WarrantSection 2(a) hereof, the Holder's Warrantholders right to exercise this Warrant purchase Common Stock as granted herein shall expire, if not previously exercised, immediately upon the closing of the issuance and sale of shares of Common Stock of the Company in the Company's first public offering of securities for its own account pursuant to an effective registration statement under the Securities 1933 Act (the "Initial Public Offering"), provided that the underwriters request that the Holder Warrantholder exercise this Warrant and provide at least fifteen (15) business days' opportunity to exercise. The Company shall notify the Holder if the Initial Public Offering is proposed, within a reasonable period of time prior time, anything to the filing of a registration statementcontrary in this Warrant Agreement notwithstanding, the rights to purchase will not expire until ten (10) business days after the Company delivers such notice to the Warrantholder. Such notice shall also contain such details of the proposed Initial Public Offering as are reasonable in the circumstances and notice that this Warrant Agreement is expected to expire upon the later of (i) the closing thereof of the Initial Public Offering or (provided such notice ii) the date which is delivered at least fifteen ten (1510) business days prior thereto)after the date the Warrantholder receives the notice. If such closing does not take placeplace within six (6) months, the Company shall promptly notify the Holder Warrantholder that such proposed transaction has been terminated. Anything to the contrary in this Warrant notwithstanding, Agreement notwithstanding the Holder Warrantholder may rescind any exercise of its purchase rights promptly after such notice of termination of the proposed transaction if the exercise of Warrants occurred after the Company notified the Holder Warrantholder that the Initial Public Offering was proposed or if the exercise were otherwise precipitated by such proposed Initial Public Offering. In the event of such rescission, this Warrant the Warrants will continue to be exercisable on the same terms and conditions.