Common use of Post-Closing Lock-Up Clause in Contracts

Post-Closing Lock-Up. (a) During the period commencing at the Effective Time and ending on the date that is 180 days after the Effective Time (the “Lock-Up Termination Date”), each Unitholder shall not, without the prior written consent of Kick, directly or indirectly Transfer any Subject Securities. (b) Notwithstanding anything to the contrary in Section 4.2(a), each Unitholder may make Permitted Lock-Up Transfers. (c) Any purported Transfer by a Unitholder of Subject Securities not in compliance with this Section 4.2 shall be void ab initio.

Appears in 8 contracts

Sources: Support and Lockup Agreement (CSI Compressco LP), Support and Lockup Agreement (CSI Compressco LP), Support and Lockup Agreement (CSI Compressco LP)