Common use of Restriction on Acquisition of Additional Shares Clause in Contracts

Restriction on Acquisition of Additional Shares. The Existing Holders agree, and agree to cause their direct and indirect owners, Affiliates and Associates, not to acquire, directly or indirectly, any additional Shares during the Lock-Up Period by any means, including, without limitation, by direct purchase, exchange or acquisition of any ownership interest in an entity that owns Shares; provided, however, that the Existing Holders may acquire Shares during the Lock-Up Period (i) from Newco or its Affiliates or Associates in an amount equal to or less than the number of Shares representing the same percentage of ownership in the Company that such Existing Holders had previously Transferred to Newco and (ii) if prior to such proposed acquisition and continuing to the time of such proposed acquisition, the Existing Holders have reduced their ownership of Shares, such as through sales permitted with the consent of the Company (which can be withheld in the sole discretion of the Company), to an amount that, after adding such proposed additional Shares to be acquired, shall result in total ownership of Shares by the Existing Holders that is less than the number of Shares the Existing Holders own on the Transaction Closing Date.