Common use of Termination of Certain Rights Clause in Contracts

Termination of Certain Rights. The Company's obligations under Sections 1.1 and 1.2 above will terminate upon (a) the consummation of a Qualifying IPO (as defined in Section 5(b) of the Company's Series A Certificate) or (b) a consolidation or merger of the Company with or into any other corporation in which the holders of record of the Company's outstanding shares of stock immediately before such consolidation or merger hold (by virtue of securities issued as consideration in such transaction or otherwise) less than a majority of the voting power of the surviving corporation of such consolidation or merger, or the sale of all or substantially all of the assets of the Company (a "Change of Control Event"). After a Qualifying IPO, the Company shall provide the Investor with all reports normally provided to its shareholders.

Appears in 2 contracts

Samples: Investor Rights Agreement (Net Value Holdings Inc), Investor Rights Agreement (Net Value Holdings Inc)

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Termination of Certain Rights. The Company's obligations under Sections 1.1 and 1.2 above will terminate upon (a) the consummation of a Qualifying IPO (as defined in Article FOURTH, Section 5(bD.6(b)(1) and Section E.6(b)(1) of the Company's Series A CertificateRestated Certificate of Incorporation) or (b) a consolidation or merger of the Company with or into any other corporation in which the holders of record of the Company's outstanding shares of stock immediately before such consolidation or merger hold (by virtue of securities issued as consideration in such transaction or otherwise) less than a majority of the voting power of the surviving corporation of such consolidation or merger, or the sale of all or substantially all of the assets of the Company (a "Change of Control Event"). After a Qualifying IPO, the Company shall provide the Investor with all reports normally provided to its shareholders.

Appears in 1 contract

Samples: Investor Rights Agreement (Net Value Holdings Inc)

Termination of Certain Rights. The Company's obligations under Sections SECTIONS 1.1 and 1.2 above will terminate upon (a) the consummation of a Qualifying IPO Qualified Public Offering (as defined in Section 5(b5.1(c) of the Company's Series A CertificateStockholders' Agreement) or (b) a consolidation or merger of the Company with or into any other corporation in which the holders of record of the Company's outstanding shares of stock immediately before such consolidation or merger hold (by virtue of securities issued as consideration in such transaction or otherwise) less than a majority of the voting power of the surviving corporation of such consolidation or merger, or the sale of all or substantially all of the assets of the Company (a "Change of Control EventCHANGE OF CONTROL EVENT"). After a Qualifying IPOQualified Public Offering, the Company shall provide the Investor with all reports normally provided to its shareholders.

Appears in 1 contract

Samples: Investor Rights Agreement (Planet Zanett Inc)

Termination of Certain Rights. The Company's obligations under Sections 1.1 and 1.2 above will terminate upon (ai) the consummation of a Qualifying IPO (as defined in Section 5(b) of the Company's Series A Certificate) or (bii) a consolidation or merger of the Company with or into any other corporation in which the holders of record of the Company's outstanding shares of stock immediately before such consolidation or merger hold (by virtue of securities issued as consideration in such transaction or otherwise) less than a majority of the voting power of the surviving corporation of such consolidation or merger, or the sale of all or substantially all of the assets of the Company (a "Change of Control Event"). After a Qualifying IPO, the Company shall provide the Investor with all reports normally and information generally provided to its shareholders.

Appears in 1 contract

Samples: Investor Rights Agreement (Net Value Holdings Inc)

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Termination of Certain Rights. The Company's obligations under Sections 1.1 and 1.2 above will terminate upon (ai) the consummation of a Qualifying IPO (as defined in Section 5(b) of the Company's Series A Certificate) or (bii) a consolidation or merger of the Company with or into any other corporation in which the holders of record of the Company's outstanding shares of stock immediately before such consolidation or merger hold (by virtue of securities issued as consideration in such transaction or otherwise) less than a majority of the voting power of the surviving corporation of such consolidation or merger, or the sale of all or substantially all of the assets of the Company (a "Change of Control Event"). After a Qualifying IPO, the Company shall provide the Investor with all reports normally provided to its shareholders.

Appears in 1 contract

Samples: Investor Rights Agreement (Net Value Holdings Inc)

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