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

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. 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 Etinuum 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 SharesCommon Stock, whichever event shall first occur. Notwithstanding the foregoing, Intek Etinuum 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.