Termination of Negative Covenants. The covenants set forth in this Article 6 shall be of no further force or effect upon the consummation of the Company’s Initial Public Offering.
Termination of Negative Covenants. Upon the Release Date, the negative covenants in this Section 7.3 will terminate.
Termination of Negative Covenants. At such time as the Note has --------------------------------- been paid in full, but the Warrants have not been exercised (to the extent as provided in the following sentence), the obligations set forth in Sections 6.01, 6.02, 6.03, 6.04, 6.05, 6.06, 6.07 and 6.10 shall terminate. Thereafter, at such time as Lender has purchased at least 75% of the shares of Common Stock purchasable under the Warrants, all of the remaining obligations set forth in this Article VI shall terminate.
Termination of Negative Covenants. The Company’s obligations under Section 2.4 will terminate upon the termination of Restrictions under Section 3.3 hereof.
Termination of Negative Covenants. The covenants set forth in this Section 4 shall be of no further force or effect upon the consummation of an Initial Public Offering.
Termination of Negative Covenants. The rights and restrictive covenants contained in Section 2.3 herein will terminate (and will not apply in connection with) (i) immediately prior to the first registered offering of the Company’s Common Stock, (ii) upon the acquisition of all or substantially all the assets of the Company or (iii) upon an acquisition of the Company by another corporation or entity by consolidation, merger or other reorganization in which the shares of the Company’s outstanding voting stock immediately prior to such transaction are exchanged for securities representing less than fifty percent (50%) or more of the voting or power of the corporation or other entity surviving such transaction or entity that controls the surviving entity.
