Common use of Termination of the Repurchase Right Clause in Contracts

Termination of the Repurchase Right. The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Paragraph D.2. In addition, the Repurchase Right shall terminate and cease to be exercisable as and when the Purchased Shares become Vested Shares. All Vested Shares shall, however, be subject to (a) the First Refusal Right, (b) the Market Stand Off and (c) the transfer restrictions set forth in Article B.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Active Network Inc), Stock Purchase Agreement (Active Network Inc)

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Termination of the Repurchase Right. The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Paragraph D.2. In addition, the Repurchase Right shall terminate and cease to be exercisable as and when the Purchased Shares become Vested Shares. All However, all Vested Shares shall, however, shall be subject to (ai) the First Refusal Right, (bii) the Market Stand Off and (ciii) the transfer restrictions set forth in Article B.Section 2.

Appears in 2 contracts

Samples: Stock Purchase Agreement (NeuroSigma, Inc.), Stock Purchase Agreement (NeuroSigma, Inc.)

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Termination of the Repurchase Right. The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Paragraph D.2Section 9(b). In addition, the Repurchase Right shall terminate and cease to be exercisable as and when the Purchased Shares become Vested Shares. All Vested Shares shall, however, continue to be subject to (ai) the First Refusal Right, (bii) the Market Stand Off and (ciii) the transfer restrictions set forth in Article B.Sections 7 and 8.

Appears in 2 contracts

Samples: Stock Purchase Agreement (ConforMIS Inc), Stock Purchase Agreement (ConforMIS Inc)

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