Common use of Holders’ Agreements Clause in Contracts

Holders’ Agreements. Each holder of Registrable Shares agrees not to effect any public sale or distribution of equity securities of the Corporation, or any securities convertible into or exchangeable or exercisable for such securities or make any demand for registration under Sections 2 or 3 hereof, during the seven (7) days prior to, and during the ninety (90) days following, the effective date of any underwritten Demand Registration or any underwritten Piggyback Registration in which Registrable Shares are included (except as part of such underwritten registration), unless the underwriters managing the registered public offering otherwise agree. Nothing herein shall prevent a holder of Registrable Shares that is a partnership from making a distribution of Registrable Shares to its partners, a holder of Registrable Shares that is a trust from making a distribution of Registrable Shares to its beneficiaries or a holder of Registrable Shares that is a corporation from making a distribution of Registrable Shares to its stockholders, provided that the transferees of such Registrable Shares agree to be bound by the provisions of this Agreement to the extent the transferor would be so bound.

Holders’ Agreements. Each holder of United Registrable Shares agrees not to effect any public sale or distribution of equity securities of the CorporationCompany, or any securities convertible into or exchangeable or exercisable for such securities or make any demand for registration under Sections 2 or 3 hereof, during the seven (7) days prior to, and during the ninety (90) days following, the effective date of any underwritten Demand Registration or any underwritten Piggyback Registration in which United Registrable Shares are included (except as part of such underwritten registration), unless the underwriters managing the registered public offering otherwise agree. Nothing herein shall prevent a holder of United Registrable Shares that is a partnership from making a distribution of United Registrable Shares to its partners, a holder of United Registrable Shares that is a trust from making a distribution of United Registrable Shares to its beneficiaries or a holder of United Registrable Shares that is a corporation from making a distribution of United Registrable Shares to its stockholders, provided that the transferees of such United Registrable Shares agree to be bound by the provisions of this Agreement to the extent the transferor would be so bound.