Examples of Lock-Up Expiration Date in a sentence
Until the later of (i) the Lock-Up Expiration Date and (ii) the Effective Date of the Initial Registration Statement, the book-entry statement(s) representing the Commitment Shares shall bear a restrictive legend in substantially the following form (and stop transfer instructions may be placed against transfer of such Commitment Shares): THE OFFER AND SALE OF THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.
For the avoidance of doubt, all Securities to be issued from and after Commencement to or for the benefit of the Investor pursuant to this Agreement shall be issued to the Investor or its designee only as DWAC Shares; provided, however, that the Commitment Shares shall be subject to the transfer restrictions of subsection (iii) of this Section 10.1 until the Lock-Up Expiration Date.