Restrictions on Holders. To the extent not inconsistent with applicable law, in the event that any Registrable Securities shall be registered in connection with an underwritten offering, each Holder agrees not to effect (and to cause its Affiliates not to effect) any public sale or distribution of Registrable Securities or any other equity security of the Issuer, or any securities convertible into or exchangeable or exercisable for Registrable Securities or other equity securities of the Issuer, including a sale pursuant to Rule 144 promulgated under the 1933 Act (except as part of such registration), during the 20 days prior to, and during the 90-day period beginning on, the later of (i) the effective date of such registration or (ii) the commencement of a public distribution of such Registrable Securities pursuant to such registration, in each case if and to the extent requested by the lead or managing underwriter of such underwritten offering.
Appears in 3 contracts
Sources: Registration Rights Agreement (Cdnow Inc/Pa), Registration Rights Agreement (Time Warner Inc/), Registration Rights Agreement (Time Warner Inc/)