Common use of Termination of Financial Information Rights Clause in Contracts

Termination of Financial Information Rights. The Company's obligation to deliver the financial statements under Sections 1.1 and 1.2 shall terminate and shall be of no further force or effect when a public market first exists for any of the Company's securities. Thereafter, the Company shall deliver to each Investor, and its assignee or transferee, such financial information as the Company from time to time provides to holders of its Common Stock.

Appears in 1 contract

Samples: Investors' Rights Agreement (Oni Systems Corp)

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Termination of Financial Information Rights. The Company's ’s obligation to deliver the financial statements and other information under Sections 1.1 1.1, 1.2, 1.3, 1.4 and 1.2 1.5 shall terminate and shall be of no further force or effect when a public market first exists for any upon the closing of the Company's securities’s initial public offering of its Ordinary Shares (the “IPO”). Thereafter, the Company shall deliver to each Investorthe Qualified Holders, and its assignee assignees or transfereetransferees, such financial information as the Company from time to time provides to other holders of its Common Stockshares.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Rail Vision Ltd.)

Termination of Financial Information Rights. The Company's ------------------------------------------- obligation to deliver the financial statements under Sections 1.1 and 1.2 shall terminate and shall be of no further force or effect when a public market first exists for any of the Company's securities. Thereafter, the Company shall deliver to each Investor, and its assignee or transferee, such financial information as the Company from time to time provides to holders of its Common Stock.

Appears in 1 contract

Samples: Investors' Rights Agreement (Oni Systems Corp)

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Termination of Financial Information Rights. The Company's ------------------------------------------- obligation to deliver the financial statements under Sections 1.1 and 1.2 Section 7.1 shall terminate and shall be of no further force or effect when a public market first exists for any of the Company's securities. Thereafter, the Company shall deliver to each Investor, and its assignee or transferee, Purchaser such financial information as the Company from time to time provides to holders of its Common Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Xpeed Networks Inc)

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