Common use of Termination of Preemptive Rights Clause in Contracts

Termination of Preemptive Rights. Anything to the contrary in this Article V notwithstanding, the preemptive right to purchase Covered Securities granted by this Article V shall terminate as of and not be available for any offering that commences at any time after the date on which the Stockholder Transfers any Shares, other than Transfers (i) to Affiliates of the Stockholder or (ii) pursuant to a Sell-Down.

Termination of Preemptive Rights. Anything to the contrary in this Article V Section 7.1 notwithstanding, the preemptive right to purchase Covered Securities granted by this Article V Section 7.1 shall terminate as of and not be available for any offering that commences at any time after the date on which Purchaser offers, sells, pledges, or otherwise transfers any Shares purchased hereunder, including by way of entry into any swap or other agreement or transaction that xxxxxx or transfers, in whole or in part, directly or indirectly, the Stockholder Transfers any Shares, other than Transfers economic consequence of ownership of such Company Common Stock (i) to Affiliates of the Stockholder or (ii) pursuant to a Sell-Down“Hedging Transaction”).