Common use of TERMINATION OF CO-SALE RIGHTS Clause in Contracts

TERMINATION OF CO-SALE RIGHTS. The rights of the Investor under this Agreement and the obligations of a Principal Stockholder with respect to the Investor shall terminate at such time as the Investor shall no longer be the owner of any shares of capital stock of the Company. Unless sooner terminated in accordance with the preceding sentence, this Agreement shall terminate upon the occurrence of any one of the following events:

Appears in 3 contracts

Samples: Co Sale Agreement (Net Value Holdings Inc), Co Sale Agreement (Net Value Holdings Inc), Co Sale Agreement (Net Value Holdings Inc)

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TERMINATION OF CO-SALE RIGHTS. The rights of the Investor Holder under this Agreement and the obligations of a Principal Stockholder the Shareholders with respect to the Investor Holder shall terminate at such time as on the Investor shall no longer be earlier of (i) December 31, 2004, (ii) the owner liquidation, dissolution or indefinite cessation of any shares of capital stock the business operations of the Company. Unless sooner terminated in accordance with ; or (iii) the preceding sentence, this Agreement shall terminate upon first date on which the occurrence Holder is no longer the record and beneficial owner of any one at least 1,500,000 Common Shares (including the Common Share Equivalent of the following events:Convertible Securities).

Appears in 1 contract

Samples: Security Agreement (Tanknology Nde International Inc)

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