Common use of Expiration of Right Clause in Contracts

Expiration of Right. The right of first offer granted under this Section 3 shall not apply to, and shall expire upon, the effectiveness of a registration statement for a Qualified Public Offering or a Liquidating Event, as defined in the Company’s Fourth Amended and Restated Certificate of Incorporation effective as of the date hereof.

Appears in 2 contracts

Samples: Investor Rights Agreement (Aldagen Inc), Investor Rights Agreement (Aldagen Inc)

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Expiration of Right. The right of first offer granted under this Section 3 shall not apply to, and shall expire upon, the effectiveness of a registration statement for a Qualified Public Offering or a Liquidating Event, as defined in the Company’s Fourth Fifth Amended and Restated Certificate of Incorporation effective as of the date hereof.” 3.2 Section 4.1(b) of the Rights Agreement shall be deleted in its entirety and the following substituted in lieu thereof:

Appears in 2 contracts

Samples: Investor Rights Agreement (Aldagen Inc), Investor Rights Agreement (Aldagen Inc)

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