We, our officers and directors, and holders of substantially all of the outstanding shares of our
common stock including the selling stockholders, have agreed with the underwriters, subject to
certain exceptions, not to offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares of
common stock, options or warrants to purchase shares of
common stock or securities convertible into, exchangeable for or that represent the right to receive shares of
common stock, whether now owned or hereafter acquired,
during the
period from the date of this prospectus continuing through the date 180 days after the date of this prospectus, except with the prior written consent of each of Goldman, Sachs & Co., Morgan Stanley & Co..
Applying the
common - law «interest stops rule» normally applied in Bankruptcy and Insolvency Act proceedings, Justice Newbould ruled that post-filing interest was not payable on the Crossover Bonds.5 Justice Newbould began his reasons with reference to the «fundamental tenet of insolvency law that all debts shall be pari passu and all unsecured creditors [shall] receive equal treatment».6 Justice Newbould found that the status quo with respect to unsecured creditors should be maintained as at the date of Nortel's filing and that to permit
certain claims to grow disproportionately to others
during the CCAA stay
period would violate the status quo.