Common use of Hold Back Clause in Contracts

Hold Back. In the event that the Company effects an underwritten public offering of any security, the Holder agrees, if requested by the managing underwriters, not to effect any public sale or distribution, including any sale pursuant to Rule 144 under the Securities Act, of any Common Stock (except as part of the underwritten offering) during the 90-day period commencing with the effective date of the registration statement for the offering.

Appears in 3 contracts

Samples: Warrant and Warrant Agreement (Cybercash Inc), Warrant and Warrant Agreement (Cybercash Inc), Warrant and Warrant Agreement (Cybercash Inc)

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Hold Back. In the event that the Company effects an underwritten public offering of any security, the Holder agrees, if requested by the managing underwriters, not to effect any public sale or distribution, including any sale pursuant to Rule 144 under the Securities ActAct of 1933, of any Common Stock (except as part of the underwritten offering) during the 90180-day period commencing with the effective date of the registration statement for the offering.

Appears in 2 contracts

Samples: Settlement Agreement and Mutual Release (Ciena Corp), Ciena Corp

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