Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the effective date of the registration statement pertaining to the Company's Initial Offering.
Termination of Rights of First Refusal. The rights of first refusal established by this Article IV shall terminate upon the closing of the Initial Offering.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 8.5 shall terminate upon the effective date of the registration statement pertaining to a Qualified Public Offering.
Termination of Rights of First Refusal. The rights of first refusal established by this Article V shall terminate upon the closing of an underwritten public offering of Common Stock of the Company made pursuant to an effective registration statement under the Securities Act.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall terminate upon the closing of an underwritten public offering of Common Stock of the Company made pursuant to an effective registration statement under the Securities Act.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to, and shall terminate upon the earlier of (i) the closing of the Company’s Initial Offering or (ii) an Acquisition. Notwithstanding Section 5.6 hereof, the rights of first refusal established by this Section 4 may be amended, or any provision waived with and only with the written consent of the Company and the Requisite Holders (provided all Major Investors are treated in the same fashion and, in the case of a waiver, no Major Investor or any Affiliate thereof purchases any Equity Securities from the Company unless all Major Investors were offered written notice of the opportunity to participate), or as permitted by Section 5.6.
Termination of Rights of First Refusal. The rights of -------------------------------------- first refusal established by this Section 8 shall terminate when there are no longer more than 10,000 shares of Preferred Stock outstanding.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall terminate as to each Purchaser at such time as all such Purchaser's Series A Preferred has been converted into Common Stock
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall not apply to Equity Securities offered for sale in the Initial Offering, and such rights shall terminate upon the effective date of the registration statement pertaining to the Threshold Offering.
Termination of Rights of First Refusal. The rights of first refusal established by this Section 4 shall terminate upon either (a) the date of the Initial Offering or (b) with respect to Prior Holders holding Series A Convertible Preferred Stock or Series B Convertible Preferred Stock, if fewer than 30% of the number of such Shares that are outstanding (or in the case of Series B Convertible Preferred Stock, that are issuable upon the exercise of an option therefor that is outstanding) as of the date of this Agreement remain outstanding or (c) with respect to Prior Holders holding Series C Convertible Preferred Stock or Series C-1 Convertible Preferred Stock, if fewer than 20% of the number of such shares that are outstanding (or, in the case of Series C-1 Convertible Preferred Stock, that are issuable upon the exercise of options therefor that are outstanding) as of the date of this Agreement remain outstanding or (d) with respect to Prior Holders holding Series D Convertible Preferred Stock or Series D-1 Convertible Preferred Stock, if fewer than 30% of the number of such shares that are outstanding (or, in the case of Series D-1 Convertible Preferred Stock that are issuable upon the exercise of Warrants therefor that are outstanding) as of the date of this Agreement remain outstanding or (e) with respect to Prior Holders holding Series E Convertible Preferred Stock, if fewer than 30% of the number of such shares that are outstanding as of the date of this Agreement remain outstanding or (f) with respect to Ford Holders holding shares of Common Stock originally issued to Ford, if fewer than 30% of the number of such shares that are outstanding as of the date of this Agreement remain outstanding.
