Common use of Expiration of Registration Rights Clause in Contracts

Expiration of Registration Rights. A Holder's registration rights shall expire if (i) the Company has completed its Initial Offering and is subject to the provisions of the Exchange Act, and (ii) all Registrable Securities held by and issued to such Holder may be sold under Rule 144 during any ninety (90) day period.

Expiration of Registration Rights. A Holder's registration rights shall expire if all of the following conditions are fulfilled: (i) the Company has completed its Initial Offering and is subject to the provisions of the Exchange Act, (ii) such Holder (together with its affiliates) holds less than 1% of the Company's Common Stock (treating all shares of convertible Preferred Stock on an as-converted basis) and (iiiii) all Registrable Securities held by and issued issuable to such Holder (and its affiliates, partners and former partners) may be sold under Rule 144 during any ninety (90) day period.

Expiration of Registration Rights. A Holder's ’s registration rights shall expire if (i) the Company has completed its Initial Offering and is subject provides such Holder with an opinion of counsel reasonably satisfactory to the provisions of the Exchange Actsuch Holder, and (ii) according to which all Registrable Securities held by and issued issuable to such Holder (and its affiliates, partners and former partners) may be sold under Rule 144 during any ninety (90) day periodin a single transaction.