Examples of Holdback Agreement in a sentence
Each Holdback Agreement shall be in writing in form and substance satisfactory to the Company and the managing underwriters.
A Holdback Agreement shall not apply to (i) the exercise of any warrants or options to purchase securities of the Company (provided that such restrictions shall apply with respect to the securities issuable upon such exercise), (ii) any securities included in the underwritten offering giving rise to the application of this Section 5 or (iii) any Permitted Transfer.
If this is not applicable, then (ii) Choice shall be decided by lot.
A Holdback Agreement shall not apply to (i) the exercise of any warrants or options to purchase shares of the Company (provided that such restrictions shall apply with respect to the securities issuable upon such exercise) or (ii) any Shares included in the underwritten offering giving rise to the application of this Section 6.
Xxxxxxx Holdback Agreement – This addendum outlines any rules for money that are pending to be release or being held back by the title or escrow company until the Seller completes all tasks, responsibilities, and duties before the closing process occurs.