Lock-Up Provision definition
Examples of Lock-Up Provision in a sentence
The Lock-Up Provision set forth in the Investors’ Rights Agreement may not be amended, modified or waived without the prior consent of the Holder unless such amendment, modification or waiver affects the rights associated with all other shares of the same series and class as the Shares granted pursuant to this Warrant.
The consent and waivers set forth in this paragraph apply only with respect to the Lock-Up Provision and the Lock-Up Notice and do not constitute a waiver of any other provisions of the Prior Transaction Agreement or any other agreements among the Company, the Shareholder and Parent.
The Company hereby agrees to permanently waive the Lock-Up Provision for a Tranche I Investor, if, and only if, that Tranche I Investor subscribes for and purchases in the Private Placement a dollar amount equal to or greater than the dollar amount of that Tranche I Investor's investment in the Company in the initial tranche of the Merger Private Placement.
Subject to the satisfaction of the conditions set forth in Section 2.3 below, the Company consents to the Offering and, solely with respect to the Offering, waives the Lock-Up Provision.
For the avoidance of doubt, except as set forth in this Section 1, the limitations and prohibitions in the Company Lock-Up Provision and the VRT Prohibition Provision shall continue in full force and effect with respect to any other transactions in the future.
Lock-Up Provision: The RMG Investor will not engage in transactions involving Parent’s RMG equity securities, including by commencing any public offering of Parent’s RMG equity securities or by causing a RMG Demand Registration, for a period not to exceed 180 days after the effective date of any Parent RMG registration statement that is equal to the shortest period that such restriction is made applicable to any director, officer or Affiliate of Parent.