Termination of Rights of First Offer. The rights of first offer established by this Section 5 shall not apply to, and shall terminate upon the effective date of the registration statement pertaining to a Qualified Public Offering.
Termination of Rights of First Offer. If in connection with an offering of New Securities in which the Purchasers have the right, pursuant to Section 8.1 above, to purchase their proportionate share of such New Securities, any Purchaser declines to purchase such Purchaser's full proportionate share of such New Securities, then such Purchaser's rights pursuant to Section 8.1 shall terminate as to any subsequent offering of New Securities.
Termination of Rights of First Offer. With respect to each Investor, the rights of first offer established by this Section 8 shall terminate upon the earlier of the following to occur: (a) repayment of the Notes pursuant to Section 1.4; (b) conversion by the Investor of its Note into Common Stock; (c) Mandatory Conversion if the Investor has previously converted its Note into Series F Stock; or (d) a Qualified Issuance (as defined below); provided, however, that the rights of first offer established by this Section 8 shall not be triggered by the events described in Sections 8.3(a) and 8.3(b). For purposes of this Agreement, a “Qualified Issuance” shall mean an issuance of Equity Securities by the Issuer (other than the Equity Securities excluded by Section 8.5 hereof) in which the Issuer is receiving an aggregate amount of consideration of at least $500,000 from any Existing Shareholder(s).
Termination of Rights of First Offer. The rights of first offer ------------------------------------ established by this Section 16 will terminate as to all Members upon the termination of the LLC.
Termination of Rights of First Offer. The covenants set forth in Section 4.1 shall terminate and be of no further force or effect immediately before the consummation of the IPO.
Termination of Rights of First Offer. Upon Closing, any rights of first offer, preemptive rights or similar rights held by the Investors pursuant to that certain Subscription Agreement, dated July 24, 2008 or any Bridge Notes issued pursuant to such agreement, shall terminate without any further action by any of the parties to this Agreement.
Termination of Rights of First Offer. The rights of first offer established by this Article IV shall terminate upon the effective date of the registration statement pertaining to the Company's Qualified Initial Public Offering (as defined under Article III, Section C.4(l)(1) of the Company's Amended and Restated Articles of Incorporation).
Termination of Rights of First Offer. The rights provided in this Article V shall terminate upon the earlier to occur of (i) a Qualified Public Offering (as defined in the Company’s Certificate of Incorporation, as the same may be amended and restated from time to time), and these rights shall not be applicable to a Qualified Public Offering or (ii) a Change of Control.
Termination of Rights of First Offer. The rights of first offer set forth in this Section 2 shall not apply to and shall terminate upon the closing of an IPO.
Termination of Rights of First Offer. The rights of first offer established by this Section 5 shall not apply to and shall terminate upon the effective date of the registration statement pertaining to the Company's Qualified Public Offering.
