Common use of Hold-Back Agreement Clause in Contracts

Hold-Back Agreement. Each holder of Registrable Shares agrees, if such holder is requested by an underwriter in an underwritten offering for the Company (whether for the account of the Company or otherwise), not to effect any public sale or distribution of any of the Company's equity securities, including a sale pursuant to Rule 144 (except as part of such underwritten registration), during the 10-day period prior to, and during the 80-day period beginning on, the closing date of such underwritten offering; PROVIDED, that neither the Company nor any underwriter may request a holder not to effect any such sales or distributions prior to the 90th day after the Effective Date.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Littlejohn Joseph & Levy Fund L P), Stockholder Voting Agreement (Ornda Healthcorp), Agreement and Plan of Merger (Tenet Healthcare Corp)

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