Expiration of Covenants. The Company's obligations under Sections 5.01 and 5.02 shall terminate at such time as the Purchasers and their affiliates (as such term is defined in Rule 501 under the Securities Act of 1933) no longer hold in the aggregate at least 25% of the Preferred Shares.
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Samples: Preferred Stock Purchase Agreement (Act Capital America Fund Lp), Preferred Stock Purchase Agreement (Semx Corp)
Expiration of Covenants. The Company's obligations under Sections 5.01 5.01, 5.02, 5.03, 5.05, 5.06, 5.08 and 5.02 5.09 shall terminate at such time as the Purchasers and their affiliates (as such term is defined in Rule 501 under the Securities Act of 1933) no longer hold in the aggregate at least 25% of the any Preferred Shares, Warrants or Warrant Shares.
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Samples: Unit Purchase Agreement (Code Alarm Inc), Unit Purchase Agreement (Pegasus Investors L P)
Expiration of Covenants. The Company's obligations under Sections 5.01 and 5.02 shall terminate with respect to a Purchaser at such time as the Purchasers and their affiliates (as such term is defined in Rule 501 under the Securities Act of 1933) Purchaser no longer hold in the aggregate at least 25% of the holds any Preferred SharesStock or Warrants.
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