Restrictions on Sales. In connection with any registration under this Article VII, no Investor shall sell any shares of Common Stock or securities convertible into or exercisable for Common Stock, except pursuant to such registration, for the period following the effective date of the applicable registration statement that the managing underwriter of the offering determines is necessary to effect the offering, which period shall not exceed 180 days.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Microleague Multimedia Inc), Stock Purchase Agreement (Hearst Corp), Stock Purchase Agreement (Ameritech Corp /De/)
Restrictions on Sales. In connection with any registration under this Article VIIXVII, no Investor shall sell any shares of Common Stock or securities convertible into or exercisable for Common Stock, except pursuant to such registration, for the period following the effective date of the applicable registration statement that the managing underwriter of the offering determines is necessary to effect the offering, which period shall not exceed 180 days.
Appears in 3 contracts
Samples: Acquisition Agreement (Ameritech Corp /De/), Acquisition Agreement (Hearst Corp), Acquisition Agreement (Microleague Multimedia Inc)
