Common use of Lock Up of Holders Clause in Contracts

Lock Up of Holders. If the Company has complied in all material respects with its obligations with respect to a Demand Registration or a Piggy-Back Registration that is a firm commitment underwritten public offering, all Holders of Registrable Securities, upon written request of the lead managing underwriter with respect to such underwritten public offering, agree not to sell or otherwise dispose of any Registrable Securities owned by them (other than as part of such underwritten public offering) for a period not to exceed 90 days from the consummation of such underwritten public offering (or, if shorter, the lesser of (i) such period as the managing underwriters may permit or (ii) such period as is applicable to other holders of capital stock of the Company agreeing to any lock-up period) and the Company hereby also so agrees.