Termination of Participation Rights. The provisions of this ----------------------------------- Section 5(c) shall terminate upon the consummation of an initial Public Offering.
Termination of Participation Rights. The participation rights of the Purchasers contained in this Section 2 shall automatically terminate and be of no further force and effect upon the earlier of (i) July 27, 2012;
Termination of Participation Rights. The participation rights established by this Section 8.3 shall not apply to, and shall terminate upon the effective date of a registration statement pertaining to, an initial public offering of the Company’s securities.
Termination of Participation Rights. The participation rights set forth in this Section 3 shall continue with respect to each Shareholder Share until the earlier of (i) the consummation of an IPO and (ii) the consummation of a Change in Control.
Termination of Participation Rights. 5 3. Novo Co-Purchase Obligation.......................................... 5 3.1 Conditions to Obligation to Participate........................ 5 3.2 Participation Amount........................................... 5 3.3 Relief from Co-Purchase Obligation............................. 6 3.4 Terms of Securities Purchased by Novo.......................... 6 3.5 Termination of Co-Purchase Obligations......................... 6
Termination of Participation Rights. The provisions of this Section 2 shall terminate (a) upon the consummation of a Qualified Public Offering, or (b) immediately prior to the consummation of a transaction involving a merger or consolidation of the Company, as a result of which the holders of the Company's outstanding Stock immediately prior to such transaction own less than 50% of the surviving or resulting entity's outstanding capital stock immediately after such transaction, or the sale of all or substantially all of the assets of the Company.
Termination of Participation Rights. 14 SECTION III. Affirmative Covenants of the Company
Termination of Participation Rights. The rights under Section 2 of this Agreement shall terminate and be of no further force or effect on the date of the closing of a firmly underwritten public offering on Form S-1 or Form SB-2 resulting in aggregate gross proceeds to the Company of at least $20,000,000, before deduction of underwriters commissions and expenses and reflecting a post-initial public offering valuation of the Company, on a pro forma basis, of at least $80.0 million (a "Qualified Public Offering").
Termination of Participation Rights. The participation rights established in this Section 2 may be waived with and only with the written consent of the Company and the Required Holders (as defined in the Restated Certificate). The provisions of this Section 2.7 shall terminate immediately prior to, and shall not apply to, the earlier of (i) a Qualified Public Offering as defined in the Restated Certificate, and (ii) a Deemed Liquidation Event as defined in the Restated Certificate.
Termination of Participation Rights. Xxxxx Xxxx will not be entitled to exercise the Participation Right, and the Participation Right will terminate, if Xxxxx Xxxx, together with its Affiliates, does not beneficially own, directly or indirectly, at least 5% of the outstanding Vegetarian Butcher Shares as at the date of the Offering Notice.
