Common use of Termination of Certain Covenants Clause in Contracts

Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 shall terminate and be of no further force or effect upon the consummation of a Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time).

Appears in 1 contract

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

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Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 3.5 shall terminate and be of no further force or effect upon the consummation of a Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time)IPO.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Intrexon Corp)

Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 Sections 2.3 and 2.4 shall terminate and be of no further force or effect upon the consummation of a Qualified Public Offering or upon the consummation firm commitment underwritten initial public offering of a transaction or series securities of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time).

Appears in 1 contract

Samples: Investor's Rights Agreement (Interactive Magic Inc /Md/)

Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 2.4 shall terminate and be of no further force or effect upon the consummation of a Qualified Public the Initial Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined provided that such offering results in the Company’s Amended and Restated Certificate conversion of Incorporation, as may be amended and/or restated from time to time)all outstanding preferred stock.

Appears in 1 contract

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

Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 Sections 2.4 and 2.5 shall terminate and be of no further force or effect upon the consummation closing of a the sale of securities pursuant to the Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time)Offering.

Appears in 1 contract

Samples: Investors' Rights Agreement (Knot Inc)

Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 2.4 shall terminate and be of no further force or effect upon the consummation of a Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time)Offering.

Appears in 1 contract

Samples: Investors Rights Agreement (Osiris Therapeutics Inc)

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Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 Sections 2.4 and 2.5 shall terminate and be of no further force or effect upon the consummation of and in connection with a Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time)Offering.

Appears in 1 contract

Samples: Investors' Rights Agreement (Driveway Corp)

Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 Sections 2.4 and 2.5 shall terminate and be of no further force or effect upon the consummation of a Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time)Offering.

Appears in 1 contract

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

Termination of Certain Covenants. The covenants set forth in this Section 4 other than Section 4.7 Sections 2.4 shall terminate and be of no further force or effect upon the consummation of a Qualified Public Offering or upon the consummation of a transaction or series of related transactions which are deemed to be a Liquidation Event (as defined in the Company’s Amended and Restated Certificate of Incorporation, as may be amended and/or restated from time to time)'s Initial Offering.

Appears in 1 contract

Samples: Investors' Rights Agreement (Equinix Inc)

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