Common use of Limitation on Sale of Securities Clause in Contracts

Limitation on Sale of Securities. The Company hereby agrees that if it shall previously have received a request for registration pursuant to Section 2.1 or 2.2 hereof, and if such previous registration shall not have been withdrawn or abandoned, the Company shall not effect any public or private offer, sale or distribution of its securities or effect any registration of any of its equity securities under the Securities Act whether or not for sale for its own account, until a period of 90 days (or such shorter period as the Purchasers shall be advised by their managing underwriter) shall have elapsed from the effective date of such previous registration, and the Company shall so provide in any registration rights agreements hereafter entered into with respect to any of its securities provided, however, that during this 90 day period the Company may (i) offer, sell and distribute its equity securities in connection with acquisitions or any Company employee or director benefit or stock purchase or stock option plans, (ii) grant or award Common Stock, options to purchase Common Stock in connection with acquisitions or under such Company plans and (iii) take any other actions necessary in connection with any of the foregoing in order to register such Common Stock with the Commission.

Limitation on Sale of Securities. The Company hereby -------------------------------- agrees that if it shall previously have received a request for registration pursuant to Section 2.1 or 2.2 hereof, and if such previous registration shall not have been withdrawn or abandoned, the Company shall not effect any public or private offer, sale or distribution of its securities or effect any registration of any of its equity securities under the Securities Act whether or not for sale for its own account, until a period of 90 days (or such shorter period as the Purchasers shall be advised by their managing underwriter) shall have elapsed from the effective date of such previous registration, and the Company shall so provide in any registration rights agreements hereafter entered into with respect to any of its securities provided, however, that during this 90 day period the Company may may (i) offer, sell and distribute its equity securities in connection with acquisitions or any Company employee or director benefit or stock purchase or stock option plans, (ii) grant or award Common Stock, options to purchase Common Stock in connection with acquisitions or under such Company plans and (iii) take any other actions necessary in connection with any of the foregoing in order to register such Common Stock with the Commission.