Irrevocable Commitments Clause Samples
The Irrevocable Commitments clause establishes that certain promises or obligations made by a party cannot be withdrawn, amended, or revoked once given. In practice, this means that once a party makes a commitment—such as to provide funding, deliver goods, or perform a service—they are legally bound to fulfill it regardless of subsequent changes in circumstances or preferences. This clause is essential for providing certainty and reliability in contractual relationships, as it prevents parties from backing out of key obligations and ensures that all parties can confidently rely on the commitments made.
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Irrevocable Commitments. This Agreement shall be legally binding and irrevocable with respect to salary amounts received while the Agreement is in effect.
Irrevocable Commitments. Prior to the Closing Date, the Purchasers will be delivering (i) executed signature pages to this Agreement and the other Transaction Documents to the Placement Agents (who will deliver such signature pages to the Company) and (ii) their respective Subscription Amounts, by wire transfer to the account provided below, to the Escrow Agent to be held and disbursed in the manner provided in the Escrow Agreement. Each Purchaser acknowledges and agrees that, subject to applicable law, their commitments to purchase Units hereunder will be irrevocable upon delivery of their Subscription Amounts (and signature pages to the Transaction Documents) as provided above, and the Subscription Amounts will only be returned to the Purchasers (if ever) in the manner described in the Escrow Agreement. All Subscription Amounts should be delivered by the Purchasers to the Escrow Agent by wire transfer to the following account: Wire Transfer to: Bank: Commerce Bank 58▇-▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ABA#: 02▇-▇▇▇-▇▇▇ Swift#: CBNAUS 33 Title of Account: Rubin, Bailin, Ortoli, Mayer & Ba▇▇▇ ▇LP Account #7916582815 Reference: Ma▇▇▇ ▇etroleum Corporation
Irrevocable Commitments. Prior to the Closing Date, the Purchasers will be delivering (i) executed signature pages to this Agreement and the other Transaction Documents to the Placement Agents (who will deliver such signature pages to the Company) and (ii) their respective Subscription Amounts, by wire transfer to the account provided below, to the Company. Each Purchaser acknowledges and agrees that, subject to applicable law, their commitments to purchase Units hereunder will be irrevocable upon delivery of their Subscription Amounts (and signature pages to the Transaction Documents) as provided above. All Subscription Amounts should be delivered by the Purchasers to the Company by wire transfer to the following account: Wachovia Bank, N.A. ABA#: 031201467 SWIFT #: PNBPUS33 Credit: Synova Healthcare, Inc. Account: #2000012967304
Irrevocable Commitments. Prior to the Closing Date, the Purchasers will be delivering (i) executed signature pages to this Agreement and the other Transaction Documents to the Placement Agents (who will deliver such signature pages to the Company) and (ii) their respective Subscription Amounts, by wire transfer to the account provided below, to the Escrow Agent to be held and disbursed in the manner provided in the Escrow Agreement. Each Purchaser acknowledges and agrees that, subject to applicable law, their commitments to purchase Units hereunder will be irrevocable upon delivery of their Subscription Amounts (and signature pages to the Transaction Documents) as provided above, and the Subscription Amounts will only be returned to the Purchasers (if ever) in the manner described in the Escrow Agreement. All Subscription Amounts should be delivered by the Purchasers to the Escrow Agent by wire transfer to the following account: Wire Transfer to: PNC Bank, N.A. Philadelphia, PA ABA #▇▇▇▇▇▇▇▇▇ Credit: Blank Rome LLP Escrow Account Account #▇▇▇▇▇▇▇▇▇▇ Reference: Synova
Irrevocable Commitments. Prior to the Closing Date, the Purchasers may deliver (i) executed signature pages to this Agreement and the other Transaction Documents to the Placement Agents (who will deliver such signature pages to the Company) and (ii) their respective Subscription Amounts, by wire transfer to the account provided below, to the Company. Each Purchaser acknowledges and agrees that, subject to applicable law, their commitments to purchase Units hereunder will be irrevocable upon delivery of their Subscription Amounts (and signature pages to the Transaction Documents) as provided above. Unless an alternative payment method is agreed to by the Company, all Subscription Amounts should be delivered by the Purchasers to the Company by wire transfer of immediately available funds to the following account:
A. ABA#: ▇▇▇▇▇▇▇▇▇ SWIFT #: ▇▇▇▇▇▇▇▇ Credit: Synova Healthcare, Inc. Account: #2000012967304
Irrevocable Commitments. Bidco has received irrevocable undertakings from all of the directors of Glantus to vote in favour of the Scheme at the Scheme Meeting and each of the EGM Resolutions to be proposed at the Extraordinary General Meeting in respect of 18,602,137 Glantus Shares, representing approximately 36.38% of the issued share capital of Glantus as of 11 August 2023 (being the last practicable date prior to the publication of this Announcement). In addition, Bidco has received irrevocable undertakings from ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, to vote in favour of the Scheme at the Scheme Meeting and each of the EGM Resolutions to be proposed at the Extraordinary General Meeting in respect of 18,386,161 Glantus Shares representing approximately 35.96% of the issued share capital of Glantus as of 11 August 2023 (being the last practicable date prior to the publication of this Announcement). Therefore, in aggregate, Bidco has received irrevocable undertakings that represent approximately 72.34% of the issued share capital of Glantus on 11 August 2023 (being the latest practicable date prior to the publication of this Announcement). The irrevocable undertakings will cease to have effect on the date on which the Scheme becomes Effective or prior to that date if the Transaction Agreement is terminated in accordance with its terms.