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

Termination of Information and Inspection Covenants. Subject to their earlier termination pursuant to the specific terms of each Section, the covenants set forth in Sections 2.1, 2.2 and 2.4 shall terminate as to Major 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 in which all shares Preferred Stock are converted to Common Stock 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. Subject to their earlier termination pursuant to the specific terms of each Section, the The covenants set forth in Sections 2.1, 2.1 and 2.2 and 2.4 hereof shall terminate as to Major Investors and be of no further force or effect when (i) 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 in which all shares Preferred Stock are converted to Common Stock is consummated or consummated, (ii) when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the 1934 ActAct or (iii) the date upon which there are no Registrable Securities outstanding, whichever event shall first occur.

Termination of Information and Inspection Covenants. Subject to their earlier termination pursuant to the specific terms of each Section, the The --------------------------------------------------- covenants set forth in Sections 2.1subsections 2.1(a), (b), (d) and (e) and Section 2.2 and 2.4 shall terminate as to Major Investors and be of no further force or effect when upon the earlier to occur of (a) the completion 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 in which all shares Preferred Stock are converted to Common Stock is consummated or and (b) when the Company first becomes subject to the periodic reporting requirements of Sections 12(g13(a) or 15(d) of the 1934 Act, whichever event shall first occur.