Additional Lock-up Agreements Clause Samples
The "Additional Lock-up Agreements" clause requires certain parties, typically shareholders or insiders, to enter into further agreements restricting the sale or transfer of their shares for a specified period beyond any initial lock-up period. In practice, this clause may obligate these parties to sign new or extended lock-up agreements if requested by underwriters or the company, often in connection with public offerings or other significant transactions. Its core function is to provide flexibility and assurance to the company and its underwriters that share sales will be controlled, thereby helping to maintain market stability and investor confidence during sensitive periods.
Additional Lock-up Agreements. With respect to each relevant offering, the Company shall use its reasonable best efforts to cause all of its officers, directors and holders of more than 1% of the Registrable Class Securities (or any securities convertible into or exchangeable or exercisable for such Registrable Class Securities) (but excluding any Holder) to execute lock-up agreements that contain restrictions that are no less restrictive than the restrictions contained in the Lock-up Agreements executed by the Company.
Additional Lock-up Agreements. With respect to each Requested Underwritten Offering, the Company shall use reasonable efforts to cause all of its directors and officers who are not otherwise Holders to execute lock-up agreements that cover the period beginning on the date such holder is provided written notice of the Requested Underwritten Offering and ending on the date that is ninety (90) days after the date of the final prospectus relating to the Requested Underwritten Offering.
Additional Lock-up Agreements. With respect to each underwritten public offering of Designated Registrable Securities, the Corporation shall use its reasonable best efforts to cause all of the directors of the Corporation to execute lock-up agreements that contain restrictions that are no less restrictive than the restrictions contained in the Lock-up Agreements executed by the Corporation pursuant to Section 5.1.
Additional Lock-up Agreements. With respect to each relevant offering, the Corporation shall use its reasonable best efforts to cause all of its officers, directors and holders of more than 5% of the Common Shares (or any securities convertible into or exchangeable or exercisable for such Common Shares) (but excluding any Holder) to execute lock-up agreements that contain restrictions that are no less restrictive than the restrictions contained in the Lock-up Agreements executed by the Corporation.
Additional Lock-up Agreements. With respect to each Requested Underwritten Offering, the Company shall use its best efforts to cause all of its directors and officers who are not otherwise Holders to execute lock-up agreements that contain restrictions that are no less restrictive than the restrictions contained in the Lock-up Agreements.
Additional Lock-up Agreements. With respect to each relevant offering, the Company shall use its reasonable best efforts to cause all of its officers, directors and holders of more than 1% of the Registrable Class Securities (or any securities convertible into or exchangeable or exercisable for such Registrable Class Securities) (but excluding any Holder) to execute lock-up agreements that contain restrictions that are no less restrictive than the restrictions contained in the Lock-up Agreements executed by the Company; provided, that the Company shall not be required to use its reasonable best efforts to cause such officers, directors and holders to execute lock-up agreements more than twice in any twelve month period.
Additional Lock-up Agreements. With respect to each relevant offering pursuant to a Demand Registration, each Ten Percent Holder who is not participating in such offering shall, and the Company shall use its reasonable best efforts to cause all of its executive officers and directors to, execute lock-up agreements that contain restrictions that are consistent with the restrictions contained in the Lock-Up Agreement executed by the Company; provided, however, that nothing herein will prevent any Ten Percent Holder that is a partnership, limited liability company or corporation from making a distribution of Registrable Securities to the partners, members or shareholders thereof that is otherwise in compliance with applicable securities laws, so long as such distributees agree to be so bound.
Additional Lock-up Agreements. Prior to the Company’s issuance of any shares of Common Stock, options or warrants to any Person, such Person shall execute and deliver to the Company and the Buyers a lock up agreement in the form attached hereto as Exhibit H (collectively, the “Additional Lock-Up Agreements”).
Additional Lock-up Agreements. Prior to the Closing Date, the Company will use commercially reasonable best efforts to cause each of the Company Stockholders (other than the Key Company Stockholders, who are subject to Section 1.14(a)) to enter into a Company Lock-Up Agreement, in the same form as the Key Company Stockholders, pursuant to which such Company Stockholder will agree not to transfer the shares of Parent Common Stock received by such Company Stockholder hereunder as Per Share Merger Consideration until the date that is six (6) months following the Closing Date, subject to certain exceptions as set forth therein.