Lock-in. In case the SAFE Sequel Note Holder is an Angel Fund, the investment shall besubject to lock-in for a period of 1 (one) year from the date of allotment of the SAFE SequelNotes, or such other period as prescribed under SEBI (Alternative Investment Funds) Regulations, 2012.
Lock-in. The investment by the iSAFE Sequel Note Holders shall be subject to lock-in for a period of 1 (one) year from the date of allotment of the iSAFE Sequel Notes, or such other period as prescribed under SEBI (Alternative Investment Funds) Regulations, 2012.1
Lock-in. 13.1 The Seller irrevocably and unconditionally undertakes that it shall –
Lock-in. The Buyer undertakes with each of Ruixin, Yuncai and Diverso that he will not effect a Disposal of any Shares in which the beneficial interest is yet to pass in accordance with the provisions of Clause 8 and 9 below (as applicable).
Lock-in. The Promoters hereby unconditionally and irrevocably undertake not to Transfer their Shareholding from the date of this Agreement till the expiry of 36 months from such date, without the prior written permission of IGC. The provisions pertaining to Clause 6, 7, 8 and 9 shall be applicable post the completion of such period.
Lock-in. 4.1 SIIL hereby undertakes that it will, and will procure that its connected persons and nominees will, retain absolute legal and beneficial title to the Lock-Up Shares, free from encumbrances for a period commencing on the date of issue of the SIIL Shares and ending twenty four (24) months thereafter (the “Lock Up Period”) and shall not during the Lock Up Period:
Lock-in. 11.1.1 Notwithstanding anything contained in this Agreement, including, Clauses 11.5 and 11.6, the Investor shall not be entitled to Transfer any Securities of the Company or any rights, entitlements or beneficial interest therein to any Third Party such that the Investor would own less than the Shareholding held by the Investor on the Completion Date immediately post Completion until the earlier of: (a) the expiry of the Macquarie Put Period; and (b) the Investor having purchased the entire Share Capital held by TTSL,TSL, MSIIPL, SMIT and IDFCPE III (“Lock-In Period”). Further, during such Lock-in Period, as long as the Investor continues to be a special purpose company holding the Shares or Securities of the Company and does not have any other material business activities or investments, there shall be no Transfer of equity interest in the Investor, if pursuant to such Transfer, the effective economic ownership of American Tower Corporation, directly or indirectly through its subsidiaries, in the Company shall fall below 51%. Such restriction shall mutatis mutandis apply to any holding companies of the Investor which are also special purpose companies holding directly or indirectly through other intermediate special purpose companies, shares or securities of the Investor and which do not have any other material business activities or investments (“Holding Companies”). For avoidance of doubt, the restrictions in this Clause 11.1.1 shall not apply to (i) any primary investment in the Investor or any of its holding companies; or (ii) any Transfer of interest in any holding company which is not merely a special purpose vehicle for purposes of holding, directly or through other intermediate special purpose company, the Shares of the Shares or Securities of the Company and has other material business activities or investments; or (iii) any direct or indirect holding company (even if a special purpose company) of a holding company referred to in (ii) above.
Lock-in a. During such time as any Equity Shares held by Peak XV and contributed towards the Promoters’ Contribution are locked-in in accordance with Regulations 14 and 16 of the SEBI ICDR Regulations ("Promoter Lock-in Period” and such lock-in, “Peak XV Lock-in”), each of the Other Shareholders (excluding Xxxx Xxxxxx) hereby severally (with respect to itself and not others) agree and undertake to, on a voluntary basis, lock-in (in the manner provided in the next sentence) such number of Equity Shares held by each of them which would be equivalent to 24% of their respective total equity shareholding in the Company; and Xxxx Xxxxxx agrees and undertakes to lock in his entire shareholding in the Company, as on the date of listing and commencement of trading of the Equity Shares pursuant to the Proposed Public Offer (“Listing Date”, such Equity Shares, the "Voluntarily Locked-in Equity Shares”, and such lock-in, the “Voluntary Lock-in”). The Other Shareholders hereby severally (each with respect to itself and not others) agree and undertake to neither undertake nor permit any transfer (either directly or indirectly), sell, assign, pledge, hypothecate, create a security interest in or lien on, place in trust (voting or otherwise), exchange, gift or transfer by operation of Law, whether directly or indirectly, or in any other way subject to any encumbrance or dispose of any of their respective Voluntarily Locked-in Equity Shares until the expiry of the Promoter Lock-in Period. The Parties agree that the Voluntary Lock-in shall be co-terminus with the Peak XV Lock-in, and shall cease to apply to the Other Shareholders immediately upon the Peak XV Lock- in ceasing to apply to Peak XV.
Lock-in. 4.1 Each Seller undertakes to the Buyer that they shall not, during the period of 6 months following Completion (the Initial Lock-in Period), sell, transfer or otherwise dispose of, or create any Encumbrance over, any of their Consideration Shares (or any interest in them) held by that Seller, or enter into any agreement to do so, subject to Clause 4.3.
Lock-in. Employees who are awarded any of the positions in this proposal will be subject to a twelve (12) month lock-in period during which the employee cannot bid or pick into another classification.
