Termination Clause Example from Business Contracts

Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2, Section 2.3, Section 4 and Section 5 (other than Section 5.3) shall terminate and be of no further force or effect upon the earliest to occur of: (a) immediately before (but subject to) the consummation of a Qualified Public Offering (as defined in the Restated Certificate); (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) subject to the terms... and conditions set forth in the Restated Certificate, upon the consummation of a Deemed Liquidation Event or a Stock Sale. 24 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) when all of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; and (b) subject to the terms and conditions set forth in the Restated Certificate upon the consummation of a Deemed Liquidation Event or a Stock Sale. View More