Common use of Termination of Certain Covenants Clause in Contracts

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 and 2.10 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering or (ii) a Liquidation Event.

Appears in 4 contracts

Samples: Investors’ Rights Agreement (SI-BONE, Inc.), Investors’ Rights Agreement (SI-BONE, Inc.), Investors’ Rights Agreement

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Termination of Certain Covenants. The covenants set forth in Sections 2.4, 2.5, 2.6, 2.7, 2.8, 2.9 and 2.10 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering (as defined in the Restated Certificate) or (ii) a Liquidation EventEvent (as defined in the Restated Certificate).

Appears in 3 contracts

Samples: Rights Agreement (Violin Memory Inc), Rights Agreement (Violin Memory Inc), Rights Agreement (Violin Memory Inc)

Termination of Certain Covenants. The In addition to any other termination provisions contained therein, the covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.9, 2.10, 2.11 and 2.10 2.12 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering or (ii) a Liquidation EventEvent so long as the consideration received in connection therewith is either cash or registered securities that are freely tradeable.

Appears in 3 contracts

Samples: Rights Agreement, Investors Rights Agreement (Versartis, Inc.), Investors Rights Agreement (Versartis, Inc.)

Termination of Certain Covenants. The covenants set forth in this Section 2, other than Sections 2.52.8 and 2.9, 2.6, 2.7, 2.8, 2.9 and 2.10 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public Offering or (iib) a Liquidation EventEvent in which the consideration received by the Investors is in the form of cash and/or marketable securities.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Guardant Health, Inc.), Investors’ Rights Agreement (Guardant Health, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.4, 2.5, 2.6, 2.7, 2.8, 2.9 and 2.10 2.7 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public Offering or (iib) a Liquidation EventEvent pursuant to which the Investors receive cash and/or marketable securities.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Amplitude, Inc.), Investors’ Rights Agreement (Amplitude, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.53.6, 2.63.7, 2.73.8, 2.83.9, 2.9 3.10, 3.11 and 2.10 3.12 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public the Initial Offering or (iib) a Liquidation Event.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (DoorDash Inc), Investors’ Rights Agreement (DoorDash Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 and 2.10 2.7 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public the Initial Offering or (iib) a Liquidation Event, as that term is defined in the Restated Certificate.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Lemonade, Inc.), Investors’ Rights Agreement (Lemonade, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.6 and 2.10 2.7 shall terminate and be of no further force or effect upon the consummation of (ia) a the Company’s Qualified Public Offering Offering, as defined in the Restated Certificate or (iib) a Liquidation Event, as that term is defined in the Restated Certificate.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Rubrik, Inc.), Investors’ Rights Agreement (Rubrik, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.7 and 2.10 2.8 shall terminate and be of no further force or effect upon the consummation of (i) the sale of securities pursuant to a Qualified Public Offering or (ii) a Liquidation Eventbona fide, firmly underwritten public offering of shares of common stock registered under the Act.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Synacor, Inc.), Investors’ Rights Agreement (Synacor, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.8 and 2.10 shall terminate and be of no further force or effect upon the consummation of (ia) the closing of a Qualified Public Offering or (iib) after the consummation of a Liquidation Event.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Sumo Logic, Inc.), Investors’ Rights Agreement (Sumo Logic, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.7 and 2.10 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public Offering or the IPO, (iib) a Liquidation Event, (c) a Reporting Event or (d) upon termination of the Agreement or such Sections 2.6, 2.7 and 2.10 pursuant to Section 6.7 below.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Reddit, Inc.), Adoption Agreement (Reddit, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7, 2.8, 2.9 2.9, and 2.10 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Threshold Public Offering or (ii) a Liquidation EventOffering.

Appears in 2 contracts

Samples: Investor Rights Agreement (International Wireless Communications Holdings Inc), Investor Rights Agreement (International Wireless Communications Holdings Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.5 and 2.10 2.6 shall terminate and be of no further force or effect upon the consummation earlier to occur of the following: (i) a Qualified Public Offering the Initial Offering; or (ii) a Deemed Liquidation EventEvent as described and defined in the Certificate of Incorporation.

Appears in 2 contracts

Samples: Rights Agreement (Shotspotter, Inc), Rights Agreement (Shotspotter, Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.9, 2.10, 2.11 and 2.10 2.12 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering IPO or (ii) a Liquidation Event, as that term is defined in the Restated Certificate.

Appears in 1 contract

Samples: Investors' Rights Agreement (Penson Worldwide Inc)

Termination of Certain Covenants. The covenants set forth in this Section 2, other than Sections 2.52.8 and 2.9, 2.6, 2.7, 2.8, 2.9 and 2.10 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public Offering or (iib) a Liquidation Event.Event in which the consideration received by the Investors is in the form of cash and/or marketable securities. 2.15

Appears in 1 contract

Samples: ’ Rights Agreement

Termination of Certain Covenants. The covenants set forth in Sections 2.1, 2.2, 2.3, 2.4, 2.5, 2.62.6(a), 2.7, 2.8, 2.9 2.9, and 2.10 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Threshold Public Offering or (ii) a Liquidation EventOffering.

Appears in 1 contract

Samples: Investor Rights Agreement (International Wireless Communications Holdings Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.7 and 2.10 shall terminate and be of no further force or effect upon the consummation of (i) the closing of a Qualified Public Offering or (ii) a Liquidation EventOffering.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Riverbed Technology, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.10, 2.11, 2.12, 2.13 and 2.10 2.14 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public the Initial Offering or (ii) a Liquidation EventEvent or SPAC Transaction.

Appears in 1 contract

Samples: Investors’ Rights Agreement (890 5th Avenue Partners, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.53.6, 2.6, 2.7, 2.8, 2.9 3.7 and 2.10 3.8 shall terminate and be of no further force or effect upon the consummation of the earlier of (ia) a Qualified Public Offering or (iib) a Liquidation Event.

Appears in 1 contract

Samples: Investors’ Rights Agreement (ARMO BioSciences, Inc.)

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Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.4 and 2.10 2.5 shall terminate and be of no further force or effect upon the consummation of (i) and in connection with a Qualified Public Offering or (ii) a Liquidation EventOffering.

Appears in 1 contract

Samples: Driveway Corp

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.8 and 2.9 and 2.10 shall terminate and be of no further force or effect upon the consummation of (i) the sale of securities pursuant to a Qualified Public Offering or (ii) a Liquidation Eventregistration statement filed by the Company under the Act in connection with the firm commitment underwritten offering of its securities to the general public.

Appears in 1 contract

Samples: Investors' Rights Agreement (Cybergold Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.10, 2.11, 2.12, 2.13 and 2.10 2.14 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public the Initial Offering or (ii) a Liquidation Event.Event or SPAC Transaction. ​ ​

Appears in 1 contract

Samples: Investors’ Rights Agreement (890 5th Avenue Partners, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.7 and 2.10 2.8 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public the Initial Offering or (iib) a Liquidation Event.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Rise Companies Corp)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.4 and 2.10 2.5 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering or (ii) a Liquidation EventOffering.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Design Within Reach Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.8 and 2.9 and 2.10 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering or (ii) a Liquidation Event.

Appears in 1 contract

Samples: Investors’ Rights Agreement (SI-BONE, Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.4, 2.5, 2.6, 2.7, 2.8, 2.9 2.6 and 2.10 2.7 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public an Initial Offering or (ii) a Liquidation Event, as that term is defined in the Restated Certificate.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Palantir Technologies Inc.)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.9, 2.10, 2.11, 2.12, 2.13 and 2.10 2.14 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering or (ii) a Liquidation EventQualified Change of Control.

Appears in 1 contract

Samples: Investors’ Rights Agreement (RPX Corp)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 and 2.10 2.9, 2.10, 2.11 shall terminate and be of no further force or effect upon the consummation of (i) a Qualified Public Offering IPO or (ii) a Liquidation Event, as that term is defined in the Restated Certificate.

Appears in 1 contract

Samples: Rights Agreement (Penson Worldwide Inc)

Termination of Certain Covenants. The covenants set forth in Sections -------------------------------- Section 2.4, 2.5, 2.6, 2.7, 2.8, 2.8 and 2.9 and 2.10 shall terminate and be of no further force or effect upon (i) the consummation of (i) the sale of securities pursuant to a Qualified Public Offering or (ii) a Liquidation EventChange of Control of the Company.

Appears in 1 contract

Samples: Rights Agreement (Linuxcare Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.8 and 2.9 and 2.10 shall terminate and be of no further force or effect upon the consummation of (ia) a Qualified Public Offering or (iib) a Liquidation Event, as that term is defined in the Company’s Restated Certificate of Incorporation (as amended from time to time).

Appears in 1 contract

Samples: Investors’ Rights Agreement (Qlik Technologies Inc)

Termination of Certain Covenants. The covenants set forth in Sections 2.5, 2.6, 2.7, 2.8, 2.9 2.9, 2.10, 2.11 and 2.10 2.12 shall terminate and be of no further force or effect upon the consummation of (i) the Company’s sale of its Common Stock in a Qualified Public Offering or (ii) a Liquidation Event, as that term is defined in the Company’s Amended and Restated Articles of Incorporation (as amended from time to time).

Appears in 1 contract

Samples: Investors’ Rights Agreement (Greenway Medical Technologies Inc)

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