Termination of Affirmative Covenants. The covenants set forth in this Article 6 shall be of no further force or effect upon the closing of the Company’s Qualified IPO.
Termination of Affirmative Covenants. The covenants set forth in this Article 7 shall be of no further force or effect upon the consummation of the Company’s Initial Public Offering.
Termination of Affirmative Covenants. The covenants set forth in this Article 5 shall be of no further force or effect upon a Change of Control or the consummation of the Initial Public Offering.
Termination of Affirmative Covenants. The covenants set forth in this Article 6 shall be of no further force or effect upon the closing of the Company's Initial Public Offering.
Termination of Affirmative Covenants. The covenants set forth in this Article 6 shall be of no further force or effect upon the earlier of the (i) consummation of a sale of the Company or (ii) such time that the Company becomes subject to Section 13(a) of the Exchange Act. 7.
Termination of Affirmative Covenants. The provisions of this Section 3, and the obligations of the Company to the Subscribers, shall terminate and be of no further force and effect as to any Subscriber upon the earlier to occur of (a) the consummation of the Designated Offering, or (b) the payment in full of such Subscriber's Note, with the exception of Sections 3.1 and 3.3 which shall terminate and be of no further force and effect as to any Subscriber upon the later to occur of (a) the Designated Offering or (b) the payment or conversion, in full, of such Subscriber's Note.
Termination of Affirmative Covenants. The covenants set forth in this Section 3 shall be of no further force or effect upon the consummation of an Initial Public Offering.
Termination of Affirmative Covenants. At such time as the Note ------------------------------------ has been paid in full and the Warrants have not been exercised (each to the extent as provided in the following sentence), the obligations set forth in Sections 5.02, 5.03, 5.04, 5.07, 5.08 and 5.09 shall terminate. Thereafter, at such time as Lender has purchased at least 75% of the shares of Common Stock purchasable under the Warrants, or the Warrants shall have expired, all of the remaining obligations set forth in this Article V shall terminate.
Termination of Affirmative Covenants. The covenants set forth in this Article 5 shall be of no further force or effect upon the closing of the Company's Initial Public Offering. * = CONFIDENTIAL TREATMENT REQUESTED: MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION.
Termination of Affirmative Covenants. The covenants set forth in this Section 6 shall terminate and be of no further force or effect upon the first to occur of (a) the consummation of a Qualified Public Offering, (b) the date on which the Company is required to file a report with the SEC pursuant to Section 13(a) of the Exchange Act, by reason of the Company having registered any of its securities pursuant to Section 12(g) of the Exchange Act, (c) the date on which quotations for the Common Stock of the Company are reported by the automated quotations system operated by the National Association of Securities Dealers, Inc. or by an equivalent quotations system, (d) shares of the Common Stock of the Company are listed on a national securities exchange registered under Section 6 of the Exchange Act or (e) a Corporate Transaction in which the consideration received by the Company and/or its stockholders is cash, publicly-traded securities, registrable securities in a publicly-traded company or a combination of the foregoing.
