Common use of Lock-Ups Clause in Contracts

Lock-Ups. If requested by the lead managing underwriter in any Underwritten Offering pursuant to this Article VI each party to this Agreement shall deliver and execute (i) in the case of the Company, an agreement containing restrictions substantially similar to Section 4(k) of the Underwriting Agreement and (ii) in the case of Montpelier, an agreement substantially similar to the lock-up agreement Montpelier executed and delivered in connection with the Initial Public Offering, except that in each case the restricted period shall not be longer than 90 days (or such lesser period as may be mutually agreed). The Company shall use its reasonable best efforts to cause its directors and executive officers to sign lock-up agreements substantially similar to those that the Company’s directors and executive officers executed and delivered in connection with the Initial Public Offering, except that the restricted period shall not be longer than 90 days.