Restrictions on Sale by Stockholders Owning Registrable Securities. Each Stockholder owning Registrable Securities agrees, by acquisition of such Registrable Securities, if requested in writing by the sole or lead managing Underwriter in an Underwritten Offering of any Registrable Securities, not to transfer, hedge or make any short sale of, loan, grant any option for the purchase of or effect any public sale or distribution, including a sale pursuant to Rule 144, of any Registrable Securities or any other equity security of the Company (or any security convertible into or exchangeable or exercisable for any equity security of the Company) (except as part of such underwritten registration), during the five business days (as such term is used in Regulation M under the Exchange Act) prior to, and during the time period reasonably requested by the sole or lead managing Underwriter not to exceed ninety (90) days, beginning on the effective date of the applicable Registration Statement.
Appears in 2 contracts
Samples: Exchange Agreement (Insignia Financial Group Inc /De/), Registration Rights Agreement (Insignia Financial Group Inc /De/)
Restrictions on Sale by Stockholders Owning Registrable Securities. Each Stockholder owning Registrable Securities agrees, by acquisition of such Registrable Securities, if requested in writing by the sole or lead managing Underwriter in an Underwritten Offering of any Registrable Securities, not to transfer, hedge or make any short sale of, loan, grant any option for the purchase of or effect any public sale or distribution, including a sale pursuant to Rule 144, of any Registrable Securities or any other equity security of the Company (or any security convertible into or exchangeable or exercisable for any equity security of the Company) (except as part of such underwritten registration), during the five business days (as such term is used in Regulation M under the Exchange Act) prior to, and during the time period reasonably requested by the sole or lead managing Underwriter not to exceed ninety (90) 90 days, beginning on the effective date of the applicable Registration Statement.
Appears in 1 contract
Samples: Registration Rights Agreement (Insignia Financial Group Inc /De/)
Restrictions on Sale by Stockholders Owning Registrable Securities. Each Stockholder owning Registrable Securities agrees, by acquisition of such Registrable Securities, if requested in writing by the sole or lead managing Underwriter in an Underwritten Offering of any Registrable Securities, not to transfer, hedge or make any short sale of, loan, grant any option for the purchase of or effect any public sale or distribution, including a sale pursuant to Rule 144, of any Registrable Securities or any other equity security of the Company or the Trust (or any security convertible into or exchangeable or exercisable for any equity security of the CompanyCompany or the Trust) (except as part of such underwritten registration), during the five business days (as such term is used in Regulation M under the Exchange Act) prior to, and during the time period reasonably requested by the sole or lead managing Underwriter not to exceed ninety (90) 90 days, beginning on the effective date of the applicable Registration Statement.
Appears in 1 contract
Samples: Exchange Agreement (Insignia Financial Group Inc /De/)