Common use of Lock-Up Period Clause in Contracts

Lock-Up Period. (i) During the Commitment Period, the Company shall not issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 47 contracts

Samples: Standby Equity Distribution Agreement (Silver Star Energy Inc), Standby Equity Distribution Agreement (Aims Worldwide Inc), Standby Equity Distribution Agreement (Aims Worldwide Inc)

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Lock-Up Period. (i) During the Commitment Period, the Company shall not not, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 12 contracts

Samples: Standby Equity Distribution Agreement (Mobilepro Corp), Standby Equity Distribution Agreement (Cyco Net Inc), Standby Equity Distribution Agreement (Renovo Holdings)

Lock-Up Period. (i) During the Commitment Period, the Company shall not not, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 10 contracts

Samples: Standby Equity Distribution Agreement (Instapay Systems Inc), Standby Equity Distribution Agreement (Medical Staffing Solutions Inc), Equity Line of Credit Agreement (Health Express Usa Inc)

Lock-Up Period. (ia) During the Commitment Period, the The Company shall not not, without the prior consent of the Investor, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (iib) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 8 contracts

Samples: Equity Line of Credit Agreement (Communication Intelligence Corp), Equity Line of Credit Agreement (Communication Intelligence Corp), Equity Line of Credit Agreement (Communication Intelligence Corp)

Lock-Up Period. (ia) During the Commitment Period, the Company shall not not, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (iib) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 3 contracts

Samples: Standby Equity Distribution Agreement (Cyop Systems International Inc), Equity Line of Credit Agreement (Ephone Telecom Inc), Equity Line of Credit Agreement (Advanced Communications Technologies Inc)

Lock-Up Period. (ia) During the Commitment Period, the The Company shall not not, without the prior consent of the Investor, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (iib) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 Schedule'2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Azco Mining Inc)

Lock-Up Period. (i) During the Commitment Period, the The Company shall not not, without ten days written advance notice to the Investor, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue ii)issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Y3k Secure Enterprise Software Inc)

Lock-Up Period. (i) During the Commitment Period, the Company shall not not, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.. EXHIBIT 10.19-5

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Health Express Usa Inc)

Lock-Up Period. (i) During the Commitment Period, the i. The Company shall not not, without the prior consent of the Investor, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) . On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Southern States Power Co Inc)

Lock-Up Period. (i) During the Commitment Period, the Company shall not not, issue or sell sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Asia Properties Investments Inc)

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Lock-Up Period. (i) During the Commitment Period, the Company shall not issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 agreeing to only sell in compliance with the volume limitation of Rule 144.. ARTICLE III. Representations and Warranties of Investor Investor hereby represents and warrants to, and agrees with, the Company that the following are true and as of the date hereof and as of each Advance Date:

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Eyi Industries Inc.)

Lock-Up Period. (i) During the Commitment Period, the Company shall not not, issue or sell (i) any Common Stock or Preferred Stock preferred stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any preferred stock or any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Advanced Viral Research Corp)

Lock-Up Period. (i) During the Commitment Period, the Company shall not issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) . On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Airbee Wireless, Inc.)

Lock-Up Period. (i) During the Commitment Period, the Company shall not not, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 2.6(b) agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Headliners Entertainment Group, Inc.)

Lock-Up Period. (i) During the Commitment Period, the Company shall not not, without fifteen (15) calendar days prior written notice to the Investor, issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (ii) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (McKenzie Bay International LTD)

Lock-Up Period. (i) During the Commitment Period, the Company shall not not, without five (5) business days prior written notice to the Investor, issue or sell (ia) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance or (iib) issue or sell any warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than the Bid Price on the date of issuance. (ii) On the date hereof, the Company shall obtain from each officer and director a lock-up agreement, as defined below, in the form annexed hereto as Schedule 2.6 agreeing to only sell in compliance with the volume limitation of Rule 144.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (PivX Solutions, Inc.)

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