Lock-In of Minority Shareholders’ Securities Sample Clauses

Lock-In of Minority Shareholders’ Securities. 7.2.1 Subject to Clause 7.2.4 and Clause 7.2.5 below, on and from the Effective Date, each Minority Shareholder covenants, acknowledges, and undertakes that such Minority Shareholder and its Permitted Affiliates holding any Securities shall not Transfer any Securities held by them to any Person (except as contemplated in Clause 7.2.2, Clause 7.2.4 and/or Clause 7.2.5) until the expiry of Share Swap Deadline Date. It is further agreed and acknowledged by the Minority Shareholders that: (a) from the Effective Date and until the expiry of the Share Swap Deadline Date, the Minority Shareholders shall be permitted to Transfer their Securities only in accordance with Clause 7.2.2, Clause 7.2.4 and/or Clause 7.2.5 below; and (b) after the expiry of the Share Swap Deadline Date, in the event the Minority Shareholders continue to hold any Securities and no Share Swap has occurred by the Share Swap Deadline Date, the Minority Shareholders and their Permitted Affiliates holding Securities shall have the right to Transfer their Securities in the manner as set out in Clause 7.2.3 below or pursuant to Clause 8 (Exit). SHAREHOLDERS’ AGREEMENT