Common use of IPO Standstill Clause in Contracts

IPO Standstill. Energy shall not file any further amendments to the IPO Registration Statement or take any other actions intended to consummate the IPO for a period beginning on the date hereof and ending on the earliest to occur of (i) the Effective Time; (ii) the fifth business day immediately following the termination of the Merger Agreement; and (iii) the date on which the Letter of Intent is terminated by Abraxas, Energy or Limited Partners owning 10% of the Common Units. At the Effective Time, Energy shall withdraw the IPO Registration Statement.

Appears in 3 contracts

Sources: Voting, Registration Rights & Lock Up Agreement (Abraxas Petroleum Corp), Voting, Registration Rights & Lock Up Agreement (Abraxas Petroleum Corp), Voting, Registration Rights & Lock Up Agreement (Abraxas Petroleum Corp)