Common use of Underwritten Public Offerings Clause in Contracts

Underwritten Public Offerings. In the event that any registration pursuant to this Section 8 shall be, in whole or in part, an underwritten public offering of common stock of the Company, the number of shares of Registrable Securities to be included in such an underwriting may be reduced by the managing underwriter if and to the extent that the Company and the underwriter shall reasonably be of the opinion that such inclusion would adversely affect the marketing of the securities by the Company therein. In connection with any underwritten public offering of the Company’s securities, the Purchaser agrees to enter into a lockup agreement in a form and on terms reasonably acceptable to the Company that may restrict the resale of the Securities for a period of 180 days or more, in accordance with the recommendations of such underwriter.

Appears in 2 contracts

Sources: Securities Purchase Agreement (China Yongxin Pharmaceuticals Inc.), Securities Purchase Agreement (China Yongxin Pharmaceuticals Inc.)