Common use of Termination of Lock-Up Term Clause in Contracts

Termination of Lock-Up Term. Section 3.1 hereof shall terminate and have no further force or effect upon the earliest to occur of: (a) the date that is the later of (i) the third anniversary of the Closing Date and (ii) the date of the Second Pivotal Clinical Trial Readout; (b) the beneficial ownership of the Standstill Parties falls below three percent (3%) of the Shares of Then-Outstanding Common Stock; (c) a Change of Control of the Company; (d) a liquidation or dissolution of the Company; and ActiveUS 170815904v.19 (e) the date on which the Common Stock ceases to be registered pursuant to Section 12 of the Exchange Act.

Appears in 1 contract

Samples: Investor Agreement (Neurocrine Biosciences Inc)

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Termination of Lock-Up Term. Section 3.1 hereof shall terminate and have no further force or effect upon the earliest to occur of: (a) the date that is the later of (i) the third anniversary of the Closing Date and (ii) the date of the Second Pivotal Clinical Trial ReadoutDate; (b) the beneficial ownership of the Standstill Parties falls below three percent (3%) of the Shares of Then-Outstanding Common Stock; (c) a Change of Control of the Company; (d) a liquidation or dissolution of the Company; and ActiveUS 170815904v.19and (e) the date on which the Common Stock ceases to be registered pursuant to Section 12 of the Exchange Act.

Appears in 1 contract

Samples: Investor Agreement (Neurocrine Biosciences Inc)

Termination of Lock-Up Term. Section 3.1 hereof shall terminate and have no further force or effect upon the earliest to occur of: : (a) the date that is the later of (i) the third anniversary of the Closing Date and (ii) the date of the Second Pivotal Clinical Trial Readout; Date; (b) the beneficial ownership of the Standstill Parties falls below three percent (3%) of the Shares of Then-Outstanding Common Stock; ; (c) a Change of Control of the Company; ; (d) a liquidation or dissolution of the Company; and ActiveUS 170815904v.19 (e) the date on which the Common Stock ceases to be registered pursuant to Section 12 of the Exchange Act.. 6.3

Appears in 1 contract

Samples: Investor Agreement (Neurocrine Biosciences Inc)

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Termination of Lock-Up Term. Section 3.1 hereof shall terminate and have no further force or effect upon the earliest to occur of: (a) the date that is the later of (i) the third anniversary of the Closing Date and (ii) the date of the Second Pivotal Clinical Trial Readout; (b) the beneficial ownership of the Standstill Parties falls below three percent (3%) of the Shares of Then-Outstanding Common Stock; (c) a Change of Control of the Company; (d) a liquidation or dissolution of the Company; and ActiveUS 170815904v.19and (e) the date on which the Common Stock ceases to be registered pursuant to Section 12 of the Exchange Act.

Appears in 1 contract

Samples: Investor Agreement (Voyager Therapeutics, Inc.)

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