lock out agreement — exclusive negotiating period/lock out agreement Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be… … Law dictionary
lock-out agreement — Also known as exclusivity agreement, shut out agreement or no shop agreement. Agreements which are used to try to ensure that the other party to a prospective deal negotiates solely with the client for a period of time. They aim to give the… … Law dictionary
lock-in agreement — An agreement that the parties will lock themselves into negotiations to negotiate in good faith, sometimes subject to a time limit. Such agreements have been held to be unenforceable in the UK. Practical Law Dictionary. Glossary of UK, US and… … Law dictionary
Lock-Up Agreement — A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. Lock up periods typically last 180 days (six months) but can on occasion… … Investment dictionary
exclusive negotiating period/lock out agreement — Agreement by the seller or both parties not to enter into negotiations with any third party that might jeopardise the acquisition for a certain period of time. The length of exclusivity must be reasonable based on the nature of the deal and time… … Law dictionary
lock-up — ˈlock up adjective FINANCE 1. lock up agreement/pact an agreement by which money is invested in such a way that it cannot be used for a period of time 2. lock up period a period of time during which money is invested in such a way that it cannot … Financial and business terms
Lock-up provision — is a term used in corporate finance which refers to the option granted by a seller to a buyer to purchase a target company’s stock as a prelude to a takeover. The major or controlling shareholder is then effectively locked up and is not free to… … Wikipedia
lock-in — UK US /ˈlɒkɪn/ US /ˈlɑːk / noun [C] UK INFORMAL PROPERTY, STOCK MARKET ► a length of time during which you are not allowed to end a financial agreement: »Your new mortgage may have a long lock in period. »There are no lock ins with our financial … Financial and business terms
lock-ups — irrevocable undertaking Also known as a lock up. A binding agreement by a target shareholder to accept a takeover offer. An irrevocable undertaking may be either hard (binding in all circumstances), soft (ceases to be binding if a higher offer… … Law dictionary
lock-up — irrevocable undertaking Also known as a lock up. A binding agreement by a target shareholder to accept a takeover offer. An irrevocable undertaking may be either hard (binding in all circumstances), soft (ceases to be binding if a higher offer… … Law dictionary
