Common use of Sales of Laser Shares Clause in Contracts

Sales of Laser Shares. Parent Holdings agrees not to, directly or indirectly, sell, transfer, pledge, assign or otherwise dispose of or otherwise transfer (other than, in any such case, in connection with a pledge to secure bona fide indebtedness or other obligations) (collectively, "Transfer"), any Laser Shares received pursuant to the terms hereof as consideration for the Holdings Merger, other than to one of its Affiliates who agrees in writing to be bound by the terms of this Section 7.1, for a period of nine (9) months from and after the Holdings Effective Time, except that Parent Holdings may Transfer (A) from and after the date that is three (3) months following the Holdings Effective Time, twenty-five percent (25%) of the total number of the Laser Shares, and (B) from and after the date that is six (6) months following the Holdings Effective Time, an additional twenty-five percent (25%) of the total number of the Laser Shares (such that a total of fifty percent (50%) of the total number of the Laser Shares shall be Transferable from and after the date that is six (6) months following the Holdings Effective Time).

Sales of Laser Shares. Parent Holdings agrees not to, directly or indirectly, sell, transfer, pledge, assign or otherwise dispose of or otherwise transfer (other than, in any such case, in connection with a pledge to secure bona fide BONA FIDE indebtedness or other obligations) (collectively, "TransferTRANSFER"), any Laser Shares received pursuant to the terms hereof as consideration for the Holdings Merger, other than to one of its Affiliates who agrees in writing to be bound by the terms of this Section 7.1, for a period of nine (9) months from and after the Holdings Effective Time, except that Parent Holdings may Transfer (A) from and after the date that is three (3) months following the Holdings Effective Time, twenty-five percent (25%) of the total number of the Laser Shares, and (B) from and after the date that is six (6) months following the Holdings Effective Time, an additional twenty-five percent (25%) of the total number of the Laser Shares (such that a total of fifty percent (50%) of the total number of the Laser Shares shall be Transferable from and after the date that is six (6) months following the Holdings Effective Time).