Termination of Lock-Up Clause Samples

The 'Termination of Lock-Up' clause defines the conditions under which restrictions on the sale or transfer of certain securities are lifted before the originally agreed-upon lock-up period expires. Typically, this clause outlines specific events, such as a public offering, change of control, or mutual agreement, that would trigger the early release of locked-up shares. Its core practical function is to provide flexibility for parties by allowing for the early removal of transfer restrictions when certain criteria are met, thereby balancing the need for market stability with the interests of shareholders.
Termination of Lock-Up. Notwithstanding anything to the contrary contained herein, the Lock-Up Term shall terminate upon the occurrence of any of the following events: (a) a Change of Control; or (b) the Company files a Schedule 14D-9 (or successor form of Tender Offer Solicitation/Recommendation Statement under Rule 14d-9 of the Exchange Act) recommending that stockholders accept any such offer filed after such offer has commenced.
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Termination of Lock-Up. Notwithstanding anything to the contrary contained herein, the Lock-Up Terms shall terminate upon the occurrence of any of the following events: (a) a material breach by the Company of this Agreement or the terms of the Purchased Securities which has not been cured (if curable) within 30 days of the Company’s receipt of written notice of such material breach; (b) a Change of Control; or (c) the Company files a Schedule 14D-9 (or successor form of Tender Offer Solicitation/Recommendation Statement under Rule 14d-9 of the Exchange Act) recommending that shareholders accept any such offer.
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Termination of Lock-Up. Section 6 shall terminate and have no further force or effect upon the earliest to occur of: (a) the consummation by an Offeror of a Change of Control of the Company; (b) a liquidation or dissolution of the Company; (c) the date on which the Common Stock ceases to be registered pursuant to Section 12 of the Exchange Act; and (d) the expiration or termination of the Standstill Term.
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Termination of Lock-Up. The Lock-Up Period shall terminate upon the earlier of (i) 180 days after the Closing Date, or (ii) the closing of a merger, liquidation, stock exchange, reorganization or other similar transaction after the Closing Date that results in all of the public stockholders of the Company having the right to exchange their shares of Common Stock for cash securities or other property.
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Termination of Lock-Up. This Agreement shall automatically terminate in the event that ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (“▇▇▇▇▇▇▇”) is involuntarily removed from the Board of Directors of Parent without cause for such removal prior to the end of the period specified in Section 2 or the failure by Parent’s shareholders to elect ▇▇▇▇▇▇▇ to the Board of Directors of the Parent at any shareholder meeting held prior to the end of the period specified in Section 2.
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Termination of Lock-Up. Section 6 shall terminate and have no further force or effect upon the earliest to occur of: (a) the consummation by an Offeror of a Change of Control of the Company; CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 24B-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. (b) a liquidation or dissolution of the Company; (c) the date on which the Common Stock ceases to be registered pursuant to Section 12 of the Exchange Act; and (d) the expiration or termination of the Standstill Term.
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Termination of Lock-Up. If, following the Closing Date, the last reported sales price of the Company’s Class A common stock on the New York Stock Exchange exceeds $12.00 per share (as adjusted for any stock split, stock dividend or other distribution, recapitalization, stock exchange, stock reconstruction, amalgamation, contractual control arrangement or similar event) on each of at least twenty (20) trading days within a consecutive thirty (30) trading day period, the restrictions set forth in Section 6.1 shall immediately terminate and be of no further force or effect.
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Termination of Lock-Up. (a) shall terminate and have no further force or effect upon the earliest to occur of:
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Related to Termination of Lock-Up

  • Termination of License 3.2.1 The Bank shall have, in the event of the Customer’s breach of or default under this Agreement and/ or the Bank being of the view that the Customer is not co-operating and/or complying with the terms and conditions of this Agreement, a right to terminate this Agreement and the license granted hereunder, after issuing to the Customer a prior written notice of not less than 3 (three) months by registered post or speed post (and also by (i) email where email id of the Customer is available; and (ii) SMS and/or WhatsApp where the mobile phone number of the Customer is available) (“Termination Notice”). 3.2.2 Upon receipt of the Termination Notice, the Licensor shall forthwith and before the end of the notice period stipulated under the Termination Notice surrender and vacate the Locker and handover the keys, password or any other identification mechanism and documents provided by the Bank for opening of the Locker, to the Bank.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.