Purchaser Lock-Up Agreement. From and after the date hereof until November 11, 2004, the Purchaser shall not sell, transfer or otherwise dispose of any of the Shares or Warrants beneficially owned by the Purchaser or over which the Purchaser has voting control (the "Beneficially Owned Securities"); provided, however, that the foregoing shall not prohibit the Purchaser from pledging or creating any lien or granting a security interest on any of the Beneficially Owned Securities or transferring any of the Beneficially Owned Securities to any controlled Affiliate of Berkley; provided, further, that, if as a result of action taken by the Company, the Purchaser shall at any time beneficially own Common Stock (including any Warrant Shares obtained upon exercise of the Warrants) representing 20% or more of the outstanding shares of voting stock of the Company, the foregoing shall not prohibit the Purchaser from selling, transferring or otherwise disposing of up to such number of Shares as shall be necessary so that after such sale, transfer or disposition, the Purchaser shall beneficially own shares of Common Stock representing less than 20% of the outstanding shares of voting stock of the Company.
Purchaser Lock-Up Agreement. The Purchaser shall have entered into a Lock Up Agreement (“Purchaser Lock Up Agreement”) in the form attached hereto as Exhibit G;
Purchaser Lock-Up Agreement. Each Purchaser agrees that, without the prior written consent of the Company, it will not for a period of 30 days after the Closing Date (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of capital stock of the Company, whether any such transaction described in this Section 4.13 above is to be settled by delivery of shares of capital stock of the Company or such other securities, in cash or otherwise.
Purchaser Lock-Up Agreement. Each Purchaser, severally and not jointly with the other Purchasers, covenants that through the date that is ninety (90) calendar days from the Closing Date (the “Purchaser Lock-Up Period”), such Purchaser will not, without the prior written consent of the Company, (i) directly or indirectly, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any of the Securities, or (ii) enter into any swap or any other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of the Securities, whether any such swap or transaction is to be settled by delivery of shares of Common Stock, in cash or otherwise; provided however, that the Purchasers may sell Common Stock during the Purchaser Lock-Up Period at a price of at least $20.00 per share.
