Examples of Lockup Parties in a sentence
The Lock-up Parties agreed not to dispose of the Bid Shares, except to accept the Offer.
Subject to the Offer being made in accordance with the Deeds, the Lock-up Parties (excluding Condor) agreed to accept or procure the acceptance of the Offer for all of the Shares owned by them or their relevant related trusts or entities (" Bid Shares") by no later than the date which is five Business Days after the date of despatch of the Offer or, if later, then the Business Day on which the Lock-up Parties receive the Offer.
For the avoidance of doubt, the Second Lien Agent and the Lockup Parties shall be permitted to exercise the Lockup Remedies immediately upon the occurrence and during the continuation of a Payment Default.
Lockup Agreement On April 14, 2021, contemporaneously with the execution of the Merger Agreement, the Company and certain stockholders and executive officers of Reservoir (such stockholders and executive officers of Reservoir, the "Lockup Parties") entered into the lockup agreement (the "Lockup Agreement"), pursuant to which each Lockup Party agreed to transfer restrictions that apply to any Shares received by such Lockup Party pursuant to the Merger Agreement.
By execution of this Agreement, the Lockup Parties hereby agree (and hereby direct the Second Lien Agent to agree), the Borrowers hereby agree and the Second Lien Agent hereby agrees, in each case subject to the conditions set forth in Section 6(b) below, that the Original Second Lien Credit Agreement shall be amended as of the Master Agreement Effective Date as set forth in the Second LienAmendment attached hereto as Exhibit C.
On October 10, 2014, the Company entered into lockup agreements (the “ Lockup Agreements”) with certain of its officers, directors and large shareholders (collectively, the “ Lockup Parties”) pursuant to which the Lockup Parties agreed to refrain from selling or transferring an aggregate of 71,254,575 shares of the Company’ s common stock they own until February 5, 2017.
Pursuant to the Lock-up Agreement, the Lock-up Parties agreed that they would not, subject to certain limited exceptions, transfer or sell their OneSpaWorld Shares for a period of six months after the consummation of the Business Combination.
The Registration Rights Agreement contemplates that, at the Closing, the Lock-up Parties (as defined in the Registration Rights Agreement) will agree not to transfer, assign or sell the Lock-up Shares (as defined in the Registration Rights Agreement) until the date that is 360 days after the Closing.
If the Agreed Repayment Transaction is consummated on or before the Option Period End Date and after the Second Lien Modification Fee has been paid, an amount equal to the Second Lien Modification Fee less an amount equal to one percent (1%) of the sum of the principal amount of the Second Lien Loans of the Lockup Parties plus accrued but unpaid interest thereon atAugust 30, 2010 will be credited against the Repayment Amount payable to the Lockup Parties pursuant to this Agreement on a pro rata basis.
If the Agreed Repayment Transaction is consummated on or before the Option Period End Date and after the Second Lien Modification Fee has been paid, an amount equal to the Second Lien Modification Fee l ess an amount equal to one percent (1%) of the sum of the principal amount of the Second Lien Loans of the Lockup Parties plus accrued but unpaid interest thereon atAugust 30, 2010 will be credited against the Repayment Amount payable to the Lockup Parties pursuant to this Agreement on a pro rata basis.