Termination of Equity Rights. The unitholder rights set forth herein other than registration rights shall terminate upon an underwritten public offering of the Reorganized Equity so long as the Reorganized Equity, in connection with such offering, will be listed on a national securities exchange. Registration Rights Certain holders of the Reorganized Equity shall have reasonable and customary piggy back registration rights. In connection with a public offering, the board of New Holdco may approve the conversion of New Holdco from a limited liability company to a corporation and each unitholder shall cooperate in such conversion.
Termination of Equity Rights. Prior to the Closing Date (but subject to the payment contemplated by Section 2.4(d)(i)(C)), Sellers shall, and shall cause the Company to, take such action as is necessary to terminate and cancel, effective no later than the Closing Date, all outstanding Equity Rights of the Company in a manner that is binding upon the holders of such Equity Rights and without liability to the Company that has not been fully satisfied on the Closing Date.
Termination of Equity Rights. All equity securities, stock options and ownership rights to G3 Nova (including all rights of all existing shareholders, option holders and all other parties), shall be terminated, or otherwise disposed of in such manner that all outstanding G3 Shares are owned by the Sellers.
Termination of Equity Rights. Prior to the date hereof, the Company, the Option Holders, the Preferred Warrant holders and the Common Stock Warrant holders, as applicable, have taken all required action, if any, including, without limitation, obtaining all necessary consents and adopting all necessary resolutions, to (i) terminate the Stock Option Plans as of the Effective Time, and to delete provisions in any other Company sponsored plan providing for the issuance, transfer or grant of any capital stock of Parent or the Company Entities or any of their respective subsidiaries or any interest in respect of any capital stock of Parent or the Company Entities or any of their respective subsidiaries (including any "phantom" stock, "phantom" stock rights, stock appreciation rights or stock-based performance units) as of the Effective Time, (ii) to cause any Options that are unvested as of the Effective Time to terminate as of the Effective Time and to cause each of the vested Options to be canceled at the Effective Time and converted into the right to receive the payments provided for in Section 3.2(g) hereof, and (iii) to cause each Preferred Warrant and Common Stock Warrant to be treated in the manner contemplated by Sections 3.2 hereof upon consummation of the Merger.
Termination of Equity Rights. (a) Prior to the Homeward Closing Date, the Sellers shall, and shall cause Power Default to, take such action as is necessary to terminate and cancel, effective no later than the Homeward Closing Date, all outstanding Equity Rights of Power Default in a manner that is binding upon the holders of such Equity Rights and without liability to Power Default that has not been fully satisfied on the Homeward Closing Date.
Termination of Equity Rights. All Releases shall have been delivered to Republic in form and substance reasonably satisfactory to Republic.
Termination of Equity Rights. The Company shall, promptly after the date of this Agreement, take all such actions as are permitted or required under the terms of any stock option plan or other equity agreement or documents to give effect to the holders thereof such that all equity rights thereunder shall be exercised or converted, to the extent then exercisable or convertible, or shall terminate, no later than immediately prior to the Effective Time.
Termination of Equity Rights. The rights set forth herein shall terminate upon the earlier of (i) an Initial Public Offering (other than Registration Rights and the Cantor rights set forth in “Board of Managers”, above) or (ii) a sale of all of the issued and outstanding membership interests of the Company to a third party.
Termination of Equity Rights. Prior to Closing, the Company (i) shall have taken all actions necessary such that all outstanding rights of the Required Rights Holders, as described on Schedule 4.4, shall be cancelled effective as of the Effective Time, (ii) shall deliver to Purchaser copies of Equity Rights Termination Agreements, in substantially the form of Exhibit I from each Required Rights Holder, (iii) shall deliver to Purchaser duly executed Consulting Employee Waivers in substantially the form of Exhibit L from each Consulting Employee, and (iv) shall deliver to Purchaser a duly executed Shareholder Release in substantially the form of Exhibit N executed by Xxxxx Xxxxxxxx Xxxxxxx.
