Common use of Lockups Clause in Contracts

Lockups. Each Holder agrees, so long as such Holder holds 2% or more of the outstanding shares of Common Stock, that upon request by the managing underwriter in any underwriting of Common Stock or securities convertible into or exchangeable for Common Stock, it will agree not to sell or otherwise dispose of its shares of Common Stock without the consent of such managing underwriter for such period of time (which may not exceed 180 days) from the effective date of the registration statement as may be requested by such underwriters; provided, however, that the obligations of such Holders pursuant to this Section 7.10 shall be conditioned upon the receipt by such underwriters of lockup agreements for the same period of time and on the same terms as the time period and terms requested of such Holders from each executive officer, director and holder of 10% or more of the outstanding shares of Common Stock.

Lockups. Each Holder agrees, so long as such Holder holds 2% or more of the outstanding shares of Common Stock, that upon request by the managing underwriter in any underwriting of Common Stock or securities convertible into or exchangeable for Common Stock, it will agree not to sell or otherwise dispose of its shares of Common Stock without the consent of such managing underwriter for such period of time (which may not exceed 180 days) from the effective date of the registration statement as may be requested by such underwriters; provided, however, that the obligations of such Holders pursuant to this Section 7.10 2.3 shall be conditioned upon the receipt by such underwriters of lockup agreements for the same period of time and on the same terms as the time period and terms requested of such Holders from each executive officer, officer or director and of the Company or holder of 10% or more of the outstanding shares of Common Stock.