Common use of Termination and Clarification Clause in Contracts

Termination and Clarification. The rights under this Section 3 of the LLC and/or its assignees to repurchase Vested Securities pursuant to a Call Option shall terminate upon the consummation of a Public Offering or a Qualified Sale of the Company (it being understood that such rights shall (to the extent otherwise applicable) continue to apply after such consummation to all Unvested Securities until such Unvested Securities become Vested Securities in accordance with the terms of this Agreement). For the avoidance of doubt, it is understood and agreed that the provisions in Section 7(i) hereof shall apply to this Section 3 (and all other Sections of this Agreement).

Termination and Clarification. The rights under this Section 3 of the LLC and/or its assignees to repurchase Vested Securities pursuant to a Call Option shall terminate upon the consummation of a Public Offering or a Qualified Sale of the Company (it being understood that such rights shall (to the extent otherwise applicable) continue to apply after such consummation to all Unvested Securities until such Unvested Securities become Vested Securities in accordance with the terms of this Agreement). For the avoidance of doubt, it is understood and agreed that the provisions in Section 7(i) hereof shall apply to this the Section 3 (and all other Sections of this Agreement).

Termination and Clarification. The rights under this Section 3 of the Investors LLC and/or its assignees to repurchase Vested Securities pursuant to a Call Option shall terminate upon the consummation of a Public Offering or a Qualified Sale of the Company (it being understood that such rights shall (to the extent otherwise applicable) continue to apply after such consummation to all Unvested Securities until such Unvested Securities become Vested Securities in accordance with the terms of this Agreement). For the avoidance of doubt, it is understood and agreed that the provisions in Section 7(i) hereof shall apply to this Section 3 (and all other Sections of this Agreement).