Examples of Lock-up Period in a sentence
This Agreement shall be effective as of the date hereof and shall immediately terminate upon the earlier of (x) the termination of the Business Combination Agreement pursuant to its terms and (y) the expiration date of the Lock-up Period; provided that, in the event that the Business Combination Agreement is not terminated pursuant to its terms prior to the Merger Closing, Section 1, Section 2, Section 3, Section 4 and Section 5 shall terminate automatically upon the Merger Closing.
Lock-up Period: There will be no lock-up period for the Preferred Shares and the ordinary shares of Huaxin Hong Kong converted pursuant to the Put Options Deed and Shareholders’ Agreement and the Articles.
Stockholder agrees that during the Lock-Up Period, the Company may, with respect to any Voting Shares or any securities convertible into or exercisable or exchangeable for Voting Shares owned or held by Stockholder or its Affiliates, cause the transfer agent or other registrar to enter stop transfer instructions and implement stop transfer procedures with respect to any Transfer of such securities during the Lock-up Period not in compliance with this Section 2.