Examples of Lock-Up Term in a sentence
In the event the Company is unable to up-list to Nasdaq either through a business combination or otherwise prior to the expiration of the Lock Up Term, TD may request within three (3) business days of the expiration of the Lock-Up Term, that all transactions contemplated by the Treasure APA be unwound.
The Company may impose stop transfer instructions with respect to the Shares of Then-Outstanding Common Stock and/or Common Stock Equivalents subject to the foregoing restrictions until the end of the Lock-Up Term.
The "Lock-Up Term" shall be the one-year period immediately following the Closing Date of the Share Exchange, unless otherwise extended in accordance with Section 2(b), hereof.
Notwithstanding the foregoing, no Holder may Transfer any Lock-Up Shares for which the Lock-Up Term has terminated as a result of the satisfaction of the Price Condition (x) until the Shelf Registration Statement (as defined in the Registration Rights Agreement) is declared effective by the U.S. Securities and Exchange Commission or (y) unless pursuant to an available exemption from registration under the Securities Act of 1933, as amended.
The transfer restrictions set forth in this Agreement shall cease to apply commencing on the first calendar day immediately following the last day of the Lock-Up Term.