Termination of Information and Inspection Covenants. The covenants set forth in Sections 2.1 and 2.2 shall terminate as to Investors and be of no further force or effect when the sale of securities pursuant to a registration statement filed by the Company under the Act in connection with the firm commitment underwritten offering of its securities to the general public is consummated or when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur.
Termination of Information and Inspection Covenants. The covenants set forth in Sections 2.1 and 2.2 shall terminate and be of no further force or effect upon the earlier to occur of (a) the consummation of the sale of securities pursuant to a registration statement filed by the Company under the Act in connection with the firm commitment underwritten offering of its securities to the general public, (b) when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur or (c) the consummation of a Liquidation Event, as that term is defined in the Restated Certificate.
Termination of Information and Inspection Covenants. The covenants set forth in Sections 2.1 and 2.2 shall terminate and be of no further force or effect upon the earlier to occur of (i) the consummation of a Qualified Public Offering (as defined in the Restated Certificate) or (ii) the consummation of a Liquidation Event, (as defined in Restated Certificate).
Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Sections 2.1 and 2.2 shall terminate and be of no further force or effect upon the earlier of (A) immediately prior to the first closing of a Qualifying IPO, (B) the Company first becoming subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act or (C) after a Qualifying Acquisition.
Termination of Information and Inspection Covenants. The covenants set forth in subsections 2.1(c) and (d) and Section 2.2 shall terminate as to Investors and be of no further force or effect when the sale of securities pursuant to a registration statement filed by the Company under the Act in connection with the firm commitment underwritten offering of its securities raising at least $20,000,000 to the general public is consummated or when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur.
Termination of Information and Inspection Covenants. The covenants set forth in Sections 8.1 and 8.2 shall terminate as to Major Holders and be of no further force or effect upon the closing of a Qualified IPO.
Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Section 5.1.1 and 5.1.2 herein shall terminate as to each Shareholder and be of no further effect upon the effective date of an IPO or when Intek first becomes subject to the periodic reporting requirements of the Exchange Act (or similar provisions then in effect), or if such Shareholder is no longer a holder of Intek Shares, whichever event shall first occur. Notwithstanding the foregoing, Intek shall not be required to comply with the requirements in Section 5.1.1.3 upon the termination of employment of any Key Shareholder with Acorn for any reason.
Termination of Information and Inspection Covenants and ------------------------------------------------------- Additional Rights. The covenants and rights set forth in Sections 4.1, 4.2, 4.4 ----------------- and 4.6 shall terminate as to the Holders and Investors and be of no further force or effect immediately upon the consummation of an IPO, or when the Company first becomes subject to the reporting requirements of Section 12, 13 or 15(d) of the 1934 Act, whichever event shall first occur.
Termination of Information and Inspection Covenants. The covenants set forth in Sections 2.1 and 2.2 shall terminate and be of no further force or effect upon the earlier to occur of (i) a Qualified Initial Offering, (ii) when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur or 12.
Termination of Information and Inspection Covenants. The covenants set forth in Sections 2.1 and 2.2 shall terminate and be of no further force or effect upon the earliest to occur of (i) a Qualified Public Offering, (ii) when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur or (iii) the consummation of a Liquidation Event so long as the consideration received in connection therewith is either cash or registered securities that are freely tradeable. In the event the Board has reasonably determined in good faith that a Major Investor is a Competitor, or employee or director of a Competitor, the Company may withhold, and restrict access to, conflicted or sensitive materials; provided, however, that for the purposes of this Agreement (including but not limited to this Section 2.3 and Section 2.2), each of the Index Holder, the New Leaf Holder, the Advent Holder, the Aisling Holder and the Sofinnova Holder (and in each case their Affiliates) shall be deemed not to be a Competitor.
