Lapse of Right. The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 5.2 above. In addition, the Repurchase Right shall terminate with respect to any and all Shares in which the Stockholder vests (i) in accordance with the schedules set forth in Section 5.3(b) and Section 5.3(c) below or (ii) pursuant to any applicable vesting acceleration event as provided in Section 5.6 below. Accordingly, provided the Stockholder continues to be a Service Provider to the Company, the Stockholder shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Shares in accordance with the vesting schedules set forth in Section 5.3(b) and Section 5.3(c) below (and, as applicable, the accelerated vesting provisions of Section 5.6 below).
Lapse of Right. The First Refusal Right shall lapse and cease to have effect upon the occurrence of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act, covering the offer and sale of the Company's Common Stock in the aggregate amount of at least $10,000,000.
Lapse of Right. If Landlord gives a Notice of Availability and does not receive Tenant’s notice of exercise pursuant to subsection (c) above within the period specified therein, Tenant’s right of first opportunity provided for in this Exhibit E shall lapse with respect to the subject ROFO Space and Landlord shall be free to lease such ROFO Space to third parties.
Lapse of Right. 1. The contractor can no longer claim payment by the client of any amount still due to it on whatever ground if it does not within 12 months following the delivery of the moveable property, delivery of its work or termination of its work - in respect of the work the earliest date of either delivery or termination is decisive - submit its invoice in respect of the amount it is due in the manner set out in article 7 of these terms and conditions to the client.
Lapse of Right. If, after Landlord gives Tenant a Notice of Availability with respect to any ROFO Space, Landlord does not receive Tenant’s notice of exercise pursuant to Section 2.7(b) within the time specified therein, Tenant’s right of first opportunity provided for in this Section 2.7 with respect to such ROFO Space shall lapse and terminate and Landlord shall be free to enter into a Third-Party Lease with respect to such ROFO Space; provided, however, that (i) if Landlord does not enter into a Third-Party Lease for such ROFO Space at an effective rent at least 90% of that set forth in the Notice of Availability within one year after giving the Notice of Availability or (ii) when such Third-Party Lease terminates, Tenant’s right of first opportunity with respect to such ROFO Space shall be reinstated and again be effective. For purposes of Tenant’s right of first opportunity, a Third-Party Lease shall not be considered to have terminated if the term thereof is renewed or extended, whether the extension or renewal is provided for in the Third-Party Lease or accomplished by an amendment of such lease, or by a new lease.
Lapse of Right. If, after Landlord gives Tenant a Notice of Availability with respect to any ROFO Space, Landlord does not receive Tenant’s notice of exercise pursuant to Section 2.8(b) within the time specified therein, Tenant’s right of first opportunity provided for in this Section 2.8 with respect to such ROFO Space shall lapse and terminate and Landlord shall be free to enter into a Third-Party Lease with respect to such ROFO Space; provided, however, that when such Third-Party Lease terminates, Tenant’s right of first opportunity with respect to such ROFO Space shall be reinstated and again be effective.
Lapse of Right. If, for any reason, the issuance of New Securities is not consummated, the Purchaser's right to its Pro Rata Share of such issuance shall lapse, subject to the Purchaser's ongoing subscription right with respect to issuances of New Securities at later dates or times. The Purchaser agrees that the Company may grant rights to Rajendra Vattikuti equivalent (but not superior) to those set forth in xxxx Xxxxxxx 2.1.
Lapse of Right. In the event the Principal Stockholders fail to exercise in full the right of first offer within said fourteen (14) day period, Parent shall have one hundred twenty (120) days thereafter to sell or enter into an agreement to sell the Equity Securities with respect to which the Principal Stockholders' rights were not exercised, at a price and upon general terms no more favorable to the purchasers thereof than specified in the Notice. In the event Parent has not sold the Equity Securities within said one hundred twenty (120) day period, Parent shall not thereafter issue or sell any Equity Securities without first offering such securities to the Principal Stockholders in the manner provided above.
Lapse of Right. Tenant acknowledges that time is of the essence with regard to this Right of First Refusal. If Tenant does not timely satisfy the conditions of Paragraph 3(b) above, then (a) Landlord will have the right, to accept the prospective lease on substantially the same terms and conditions offered to Tenant free of the rights of Tenant under this Paragraph, and (b) Landlord’s obligation under this Paragraph shall be null and void and without further force and effect throughout the remainder of the term of this Lease and any renewals or extensions thereof. If Landlord fails to enter into the prospective lease with the third party within 180 days following the date of Landlord’s Notice, Tenant shall again have a Right of First Refusal in connection with the Additional Space.
Lapse of Right. With respect to any Qualified Space as to which Grantor gives Tenant a Notice of Availability, if Grantor does not receive Tenant's notice of exercise pursuant to Section 2.8(c) within the period specified therein, Tenant's right of first opportunity provided for in this Section 2.8 shall lapse and Grantor shall be free to lease the Qualified Space to third parties; provided, however, that Tenant's right of first opportunity shall be reinstated with respect to any such Qualified Space as to which Grantor has not entered into a lease in accordance with this Section 2.8 within six (6) months after the subject Notice of Availability.
