Common use of Holdback and Other Agreements Clause in Contracts

Holdback and Other Agreements. (a) If and whenever the Company proposes to register any of its equity securities under the Securities Act for its own account (other than on Form S-4 or S-8 or any successor form) or is required to use its best efforts to effect the registration of any shares of Common Stock under the Securities Act pursuant to Section 7.1 hereof, each Holder agrees by acquisition of such shares of Common Stock not to effect any sale or distribution, including any sale pursuant to Rule 144 under the Securities Act, or to request registration under Section 7.1 hereof of any shares of Common Stock within seven days prior to and 90 days (unless advised by the managing underwriter that a longer period, not to exceed 180 days, is required, or such shorter period as the managing underwriter for any underwritten offering may agree) after the effective date of the registration statement relating to such registration, except as part of such registration or unless, in the case of a private sale of distribution, the transferee agrees in writing to be subject to this Section 7.3. If requested by such managing underwriter, each holder of shares of Common Stock agrees to execute a holdback agreement, in customary form, consistent with the terms of this Section 7.3(a).

Appears in 3 contracts

Samples: Stockholders Agreement (Endo Pharmaceuticals Holdings Inc), Stockholders Agreement (Endo Pharma LLC), Stockholders Agreement (Endo Pharmaceuticals Holdings Inc)

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Holdback and Other Agreements. (a) If and whenever the Company proposes to register any of its equity securities under the Securities Act for its own account (other than on Form S-4 or S-8 or any successor form) or is required to use its best efforts to effect the registration of any shares of Common Stock under the Securities Act pursuant to Section 7.1 5.6(b) hereof, each Holder agrees by acquisition of such shares of Common Stock not to effect any sale or distribution, including any sale pursuant to Rule 144 under the Securities Act, or to request registration under Section 7.1 5.6(b) hereof of any shares of Common Stock within seven days prior to and 90 days (unless advised by the managing underwriter underwriting that a longer period, not to exceed 180 days, is required, or such shorter period as the managing underwriter for any underwritten offering may agree) after the effective date of the registration statement relating to such registration, except as part of such registration or unless, in the case of a private sale of distribution, the transferee agrees in writing to be subject to this Section 7.35.8. If requested by such managing underwriter, each holder of shares of Common Stock agrees to execute a holdback agreement, in customary form, consistent with the terms of this Section 7.3(a5.8(a).

Appears in 2 contracts

Samples: Employee Stockholders Agreement, Employee Stockholders Agreement (Endo Pharmaceuticals Holdings Inc)

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