Examples of Lock-Up Provisions in a sentence
Seller understands and acknowledges that the restrictions contained in this Section 5.12 (the "Lock-Up Provisions") are irrevocable and shall be binding upon Seller's heirs, legal representatives, successors and assigns.
Xxxxx, Clearly Defining Preclusive Corporate Lock-Ups: A Bright- Line Test for Lock-Up Provisions in Delaware, 75 WASH.
The Company is requesting all employees, advisors and other pertinent parties (collectively "Insiders") to execute the attached Lock-Up Provisions Document in order to protect the Company's share price on its trading market (NASDAQ OTC Bulletin Board) from being unduly depressed by sales transactions by insiders.
Each of the Partnership Agreements contains provisions restricting the sale of the Lock-Up Shares (other than the Post-Closing Shares) which were in addition to the restrictions set forth in the Registration Rights Agreement (such provisions, together with those contained in the Registration Rights Agreement, are collectively referred to as the "Original Lock-Up Provisions").
These Lock-Up Provisions unduly bind the Board to the Proposed Transaction and make it highly unlikely that the Board will fulfill its fiduciary duties in the future without this Court’s intervention.