Lockup Date definition

Lockup Date shall have the meaning set forth in Section 4.1(a).
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Lockup Date means, with respect to (i) Registrable Securities that were derived from Original Securities or Original Securities that are outstanding, the date that is 12 months after the date of the consummation of the Qualified IPO and (ii) Registrable Securities that were derived from New Securities or New Securities that are outstanding upon consummation of the Qualified IPO, the earlier of (a) (x) the date that is 18 months after a Qualified IPO with respect to 50% of such securities and (y) the date that is 24 months after a Qualified IPO for the remaining 50% of such securities and (b) the date on which a Change of Control occurs. Notwithstanding the limitations set forth in the foregoing sentence, (1) the Lockup Date for the Registrable Securities identified in the foregoing clause (i) shall be adjusted in accordance with the terms set forth in Section 8.1(d) of the Subscription Agreement and (2) the Lockup Date for the Registrable Securities identified in the foregoing clause (ii) shall be adjusted in accordance with the terms set forth in Section 3.4(b) of the Note and Unit Subscription Agreement.
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Lockup Date is defined in Section 4.1.
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Examples of Lockup Date in a sentence

  • The Company shall have no obligations to register any Registrable Securities proposed to be sold by any Holder upon the earlier of (i) the third anniversary of the Lockup Date and (ii) such time as there are no Registrable Securities.

  • During the period from the date hereof and through the later of (i) the Lockup Date and (ii) the occurrence of an Investor Rights Termination Event, the Investor shall not, and shall not permit its Affiliates to, without the prior written consent of the Company, directly or indirectly effect any short sale of the Common Stock Beneficially Owned by the Investor or its Affiliates.

  • From and after the Lockup Date, Investors shall not dispose of Shares in amounts exceeding 1,000,000 Shares per calendar quarter, except pursuant to a registration statement or to a Permitted Transferee.

  • In order to enforce the transfer restrictions set forth in the prior sentence, the Company may impose stop-transfer instructions with respect to the Shares until the Lockup Date.

  • In no event shall any Stockholder Party make any Transfer of its Shares (including, in the case of the Trust, any Returned Shares) prior to the Initial Lock-up Date, except as permitted by Section 3(g) or by the Stock Option Agreement.

  • Investors agree that they will not, prior to the date which is nine months from the Closing Date (as defined in the Merger Agreement) (the "Lockup Date"), directly or indirectly sell, offer to sell, grant any option for the sale of, or otherwise dispose of any Shares other than pursuant to an underwritten registered offering made pursuant hereto or to a Permitted Transferee (as defined in the Principal Shareholders Agreement of even date among the Company and the Investors).

  • The Company shall file on or prior to the Lockup Date a Registration Statement for a Shelf Registration on Form S-3 (the “Form S-3 Shelf”) or, if the Company is ineligible to use a Form S-3 Shelf, a Registration Statement for a Shelf Registration on Form S-1 (the “Form S-1 Shelf,” and together with the Form S-3 Shelf (and any Subsequent Shelf Registration), the “Shelf”) covering the resale of the Registrable Securities on a delayed or continuous basis.

  • From and after the applicable Lockup Date, if any Holder shall transfer any Registrable Securities pursuant to Rule 144 under the Securities Act (or a successor statute), the Company shall use its reasonable best efforts to cooperate with such Holder and shall provide to the Holder such information as may be required to be provided thereunder.

  • Such Purchaser agrees that from and after Closing it will not sell any of the Purchased Units or the Common Units into which such Purchased Units convert prior to the Lock-up Date.

  • During the period from the date hereof and through the later of (i) the Lockup Date and (ii) the occurrence of an Investor Rights Termination Event, the Investor shall not, and shall not permit its Affiliates to, without the prior written consent of the Company set forth in a resolution adopted by the Board, directly or indirectly effect any short sale of the Common Stock Beneficially Owned by the Investor or its Affiliates.


More Definitions of Lockup Date

Lockup Date means the date occurring 180 days after the Closing Date.
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Lockup Date shall have the meaning ascribed to this term in Section 3.1.
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Lockup Date shall have the meaning ascribed to this term in the Investor Rights Agreement‎.
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Related to Lockup Date

  • Lockup Period has the meaning set forth in Section 2.4(d)(i).

  • Original Closing Date shall have the meaning set forth in the Recitals.

  • IPO Closing Date means the closing date of the IPO.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.