Common use of Termination of Information and Inspection Covenants Clause in Contracts

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.

Appears in 2 contracts

Samples: Investors' Rights Agreement (Dovebid Inc), Investors' Rights Agreement (Dovebid Inc)

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Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Sections 2.1 Section 3.1 and 2.2 Section 3.2 shall terminate and be of no further force or effect upon the earlier of (Ai) immediately prior to the first closing consummation of the IPO or a Qualifying IPOSPAC Transaction, (Bii) when the Company first becoming becomes subject to the periodic reporting requirements of Sections Section 12(g) or 15(d) of the 1934 Act Exchange Act, or (Ciii) after upon the closing of a Qualifying AcquisitionDeemed Liquidation Event where proceeds are distributed in accordance with Section 2.1 and 2.2 of Article (IV)(C) of the Certificate of Incorporation, whichever event occurs first.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Fractyl Health, Inc.), Investors’ Rights Agreement (Fractyl Health, Inc.)

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 earliest to occur of (Ai) immediately prior to the first closing consummation of a Qualifying IPOan Initial Offering, (Bii) when the Company first becoming becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act Act, whichever event shall first occur, or (Ciii) after the consummation of a Qualifying AcquisitionLiquidation Event or SPAC Transaction.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (890 5th Avenue Partners, Inc.), Investors’ Rights Agreement (890 5th Avenue Partners, Inc.)

Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Sections 2.1 and 2.2 Section 3(a) shall terminate and be of no further force or effect upon the earlier of (A) immediately prior to the first earliest to occur of (i) the closing of a Qualifying the Qualified IPO, (Bii) the time when the Company first becoming becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act or (C) after a Qualifying Acquisition.Act, or

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Kodiak Sciences Inc.), Investors’ Rights Agreement (Kodiak Sciences Inc.)

Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Sections 2.1 3.1 and 2.2 3.2 shall terminate and be of no further force or effect upon the earlier to occur of (Aa) immediately prior to the first closing consummation of a Qualifying IPOthe Initial Offering, (Bb) when the Company first becoming becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act or Act, whichever event shall first occur and (Cc) after the consummation of a Qualifying AcquisitionLiquidation Event.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (DoorDash Inc), Investors’ Rights Agreement (DoorDash Inc)

Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Sections 2.1 Section 3.1 and 2.2 Section 3.2 shall terminate and be of no further force or effect upon the earlier to occur of (Ai) immediately prior to the first closing consummation of a Qualifying IPOthe Company’s Initial Offering, (Bii) when the Company first becoming becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act Act, whichever event shall first occur or (Ciii) after the consummation of a Qualifying AcquisitionLiquidation Event, as that term is defined in the Company’s Restated Certificate).

Appears in 1 contract

Samples: Investors’ Rights Agreement (TESARO, Inc.)

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Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Sections 2.1 Section 3.1 and 2.2 Section 3.2 shall terminate and be of no further force or effect upon the earlier of (Ai) immediately prior to the first closing consummation of a Qualifying the IPO, (Bii) when the Company first becoming becomes subject to the periodic reporting requirements of Sections Section 12(g) or 15(d) of the 1934 Act Exchange Act, or (Ciii) after upon the closing of a Qualifying AcquisitionLiquidation Event, whichever event occurs first.

Appears in 1 contract

Samples: Investors’ Rights Agreement (UroGen Pharma Ltd.)

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.

Appears in 1 contract

Samples: Investors' Rights Agreement (Dovebid Inc)

Termination of Information and Inspection Covenants. The --------------------------------------------------- covenants set forth in Sections 2.1 3.1 and 2.2 3.2 hereof shall terminate and be of no further force or effect upon the earlier of (Ai) immediately prior to the first closing of an Initial Offering, (ii) immediately prior to the closing of a Qualifying IPOMerger and Acquisition, or (Biii) when the Company first becoming becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 Act or (C) after a Qualifying AcquisitionAct, whichever event shall occur first.

Appears in 1 contract

Samples: Investors' Rights Agreement (Synaptogenix, Inc.)

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