Termination of Participation Right and Top-Up Right. The Investor shall not be entitled to exercise the Participation Right and Top-Up Right under this Article 3, and all of the Investor's rights under this Article 3 shall terminate on the later to occur of (i) the Lock-Up Outside Date, and (ii) the date on which the Investor ceases to either (i) meet the 10% Threshold, or (ii) both meet the 5% Threshold and is an Offtaker.
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Samples: Agreement (1397468 B.C. Ltd.), Investor Rights Agreement (1397468 B.C. Ltd.), Investor Rights Agreement (Lithium Americas Corp.)
Termination of Participation Right and Top-Up Right. The Investor shall not be entitled to exercise the Participation Right and Top-Up Right under this Article 3, and all of the Investor's ’s rights under this Article 3 shall terminate on the later to occur of (i) the Lock-Up Outside Date, and (ii) the date on which the Investor ceases to either (i) meet the 10% Minimum Qualification Threshold, or (ii) both meet provided, however that this Section 3.7 shall not apply during the 5% Threshold and is an OfftakerInterim Period.
Appears in 1 contract
Samples: Investor Rights Agreement (Nouveau Monde Graphite Inc.)
Termination of Participation Right and Top-Up Right. The Investor shall not be entitled to exercise the Participation Right and Top-Up Right under this Article 3, and all of the Investor's ’s rights under this Article 3 shall terminate on the later to occur of (i) the Lock-Up Outside Date, and (ii) the date on which the Investor ceases to either (i) meet the 10% Threshold, or (ii) both meet the 5% Threshold and is an Offtaker.
Appears in 1 contract
