Common use of Effectiveness; Agreement Not to Revoke Clause in Contracts

Effectiveness; Agreement Not to Revoke. The Consenting Stockholder acknowledges and agrees that the Stock Election is effective upon the execution and delivery thereof to Parent in accordance with Section 2.2 above, and the Consenting Stockholder will not revoke, seek to revoke, or take any action, directly or indirectly, for the purpose of, or having the effect of, revoking or seeking to revoke, the Stock Election. The Consenting Stockholder also covenants and agrees to re-execute and re-deliver the Stock Election as and when requested by Parent in order that such Stock Election remains continuously in effect at all times from the date hereof through the first to occur of (a) the Effective Time, or (b) the Termination.

Appears in 2 contracts

Samples: Majority Stockholder Consent Agreement (China Water & Drinks Inc..), Majority Stockholder Consent Agreement (Heckmann CORP)

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Effectiveness; Agreement Not to Revoke. The Consenting Stockholder acknowledges and agrees that the Stock Cash Election is effective upon the execution and delivery thereof to Parent in accordance with Section 2.2 2.1 above, and the Consenting Stockholder will not revoke, seek to revoke, or take any action, directly or indirectly, for the purpose of, or having the effect of, revoking or seeking to revoke, the Stock Cash Election. The Consenting Stockholder also covenants and agrees to re-execute and re-deliver the Stock Cash Election as and when requested by Parent in order that such Stock Cash Election remains continuously in effect at all times from the date hereof through the first to occur of (a) the Effective Time, or (b) the Termination.

Appears in 1 contract

Samples: Majority Stockholder Consent Agreement (Heckmann CORP)

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Effectiveness; Agreement Not to Revoke. The Consenting Stockholder acknowledges and agrees that the Cash/Stock Election is effective upon the execution and delivery thereof to Parent in accordance with Section 2.2 2.1 above, and the Consenting Stockholder will not revoke, seek to revoke, or take any action, directly or indirectly, for the purpose of, or having the effect of, revoking or seeking to revoke, the Cash/Stock Election. The Consenting Stockholder also covenants and agrees to re-execute and re-deliver the Cash/Stock Election as and when requested by Parent in order that such Cash/Stock Election remains continuously in effect at all times from the date hereof through the first to occur of (a) the Effective Time, or (b) the Termination.

Appears in 1 contract

Samples: Majority Stockholder Consent Agreement (Heckmann CORP)

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