Lock Clause Samples
A Lock clause restricts one or both parties from negotiating or entering into similar agreements with third parties for a specified period. Typically, this clause applies during sensitive negotiations, such as mergers, acquisitions, or exclusive supply arrangements, and may prevent a seller from soliciting or accepting competing offers. Its core practical function is to provide assurance and stability to the negotiating parties by reducing the risk of interference or disruption from outside offers during critical deal-making periods.
POPULAR SAMPLE Copied 1 times
Lock out - means the closing of a place of employment, a suspension of work or a refusal by the Company to continue to employ a number of employees, done to compel those employees, or to aid another employer to compel their employees to agree to terms or conditions of employment.
Lock. In Provisions in Mandatory Counties and New York City All Enrollees in local social service districts where enrollment in managed care is mandatory and in New York City are subject to a twelve (12) month Lock-In period following the Effective Date of Enrollment in the Contractor's plan, with an initial ninety (90) day grace period in which to disenroll from the Contractor's plan without cause, regardless of whether the Enrollee selected or was auto-assigned to the Contractor's plan.
Lock. Long and short positions of the same volume that were opened for the same instrument on the same trading account.
Lock. Up Agreement. The persons listed on Schedule 3.20 attached hereto shall be subject to the terms and provisions of a lock-up agreement in substantially the form as Exhibit E hereto (the "Lock-Up Agreement"), which shall provide the manner in which such persons will sell, transfer or dispose of their shares of Common Stock.
Lock. City shall provide Lessee with a lock for the hangar. The City shall have one key and the Lessee shall have one key. Should Lessee lose the key for the hangar, the Lessee will be responsible for the payment of a fifty dollar ($50.00) fee to replace the lock and key.
Lock. In Provisions for Individuals in Long Term Placement in Nursing Homes Individuals in Long Term Placement in nursing homes may change plans at any time regardless of the Lock-In Period.
Lock. Tenant shall provide at Tenant’s own expense, a lock that Tenant in Tenant’s sole discretion, deems sufficient to control the space. If the space is found unlocked the Owner may, but is not obligated to, take whatever measures Owner deems reasonable to re-lock the space, with or without notice to the Tenant, and charge $25.00 to the Tenant’s account accordingly. The fact that the Owner has taken measures to control access to Tenant’s space shall not alter the limitations of Owner’s liability set forth in this Rental Agreement, nor shall such measures be deemed a conversion of Tenant’s stored property. Tenant is solely responsible for any other person gaining access to the space.
Lock. A lock suitable to secure container shall be provided by Tenant at Tenant’s own expense. Lessor shall not receive from Tenant any combination or keys to such lock.
Lock. Renter shall, at Renter’s sole expense, provide only one lock of sufficient size and strength for the storage unit during use, as Renter shall deem sufficient to secure the space. Any additional locks will be removed without notice. Renter shall NOT provide Landlord or Landlord’s agent with a key and/or combination to Renter’s lock without executing a Hold Harmless Agreement. Renter must keep the unit locked and is fully responsible for the possession of the keys. The lock MUST be removed from the unit when this Agreement had been terminated.