Common use of Holding Lock Clause in Contracts

Holding Lock. (a) The Company will apply a Holding Lock to the Escrowed Shares during the Escrow Period (if the securities are held on an issuer sponsored sub-register) or give notice to ASX Settlement requesting it to apply a Holding Lock (if the securities are in a CHESS holding). (b) Subject to clause 3, the Holder consents to: (i) the Company entering the Escrowed Shares on an issuer sponsored sub- register; and (ii) the application of a Holding Lock on the Escrowed Shares during the Escrow Period. (c) For the avoidance of doubt, the Holder also consents to the refusal of the Company and/or its share registry to process or register any paper-based transfer of the Escrowed Shares during the Escrow Period other than as permitted under clause 3.

Appears in 1 contract

Sources: Amendment Deed

Holding Lock. (a) The Company will apply a Holding Lock to the Escrowed Shares during the Escrow Period (if the securities are held on an issuer sponsored sub-register) or give notice to ASX Settlement requesting it to apply a Holding Lock (if the securities are in a CHESS holding). (b) Subject to clause 3, the Holder consents to: (i) the Company entering the Escrowed Shares on an issuer sponsored sub- sub-register; and (ii) the application of a Holding Lock on the Escrowed Shares during the Escrow Period. (c) For the avoidance of doubt, the Holder also consents to the refusal of the Company and/or its share registry to process or register any paper-based transfer of the Escrowed Shares during the Escrow Period other than as permitted under clause 3.

Appears in 1 contract

Sources: Amendment Deed