Common use of Qualified IPO Clause in Contracts

Qualified IPO. Subject to applicable laws, the Company and the Founder shall use commercially reasonable best efforts to effectuate the closing of a Qualified IPO within thirty-six (36) months of the date of this Agreement. In the event of the closing of a Qualified IPO, each of the Company and the Founder agree to use commercially reasonable best efforts, subject to applicable laws, to minimize restrictions on the transfer of any Series A Preferred Shares held by the Investor (or Ordinary Shares that have been converted from such Series A Preferred Shares).

Qualified IPO. Subject to applicable laws, the Company and the Founder shall use commercially reasonable best efforts to effectuate the closing of a Qualified IPO within thirty-six (36) months of the date of this Agreement. In the event of the closing of a Qualified IPO, each of the Company and the Founder agree to use commercially reasonable best efforts, subject to applicable laws, to minimize restrictions on the transfer of any Series A-1 Senior Preferred Shares and Series A Preferred Shares held by the Investor (or Ordinary Shares that have been converted from such Series A-1 Senior Preferred Shares or Series A Preferred Shares).

Qualified IPO. Subject to applicable laws, the Company and each of the Founder Founders shall use commercially reasonable best efforts to effectuate the closing of a Qualified IPO within thirty-six prior to the fifth (365th) months anniversary of the date of this Agreement. In the event of the closing of a Qualified IPO, each of the Company and the Founder Founders agree to use commercially reasonable best efforts, subject to applicable laws, to minimize restrictions on the transfer of any Series A Preferred Shares held by the Investor (or Ordinary Common Shares that have been converted from such Series A Preferred Shares).