Irrevocable Period definition
Examples of Irrevocable Period in a sentence
Sell Notice shall be irrevocable for a period of thirty (30) days following the date of the Buy/Sell Notice (the "Irrevocable Period"), and the Offeree may, by written notice to Offeror during such Irrevocable Period, either accept the Offeror's offer to sell, or accept the Offeror's offer to buy (but may not accept both), and upon acceptance, the Offeror and the Offeree shall be required to sell or to buy, as applicable.
By execution and delivery of this Agreement, Parent and Merger Sub have made an offer that will, exclusively during the Irrevocable Period, be irrevocable and subject to acceptance by the Company by execution and delivery to Parent of a Company counter signature to this Agreement, to enter into this Agreement, and to consummate the Offer, the Merger and the Contemplated Transactions on the terms and subject to the terms and conditions of this Agreement (the “Clarinet Offer”).
In the event Seller does not execute and return this Agreement to Buyer within the Irrevocable Period, Buyer may then withdraw the Offer and this Agreement shall then be terminated and shall have no further force and effect, except for any surviving obligations expressly included in this Agreement.
The parties agree that irreparable damage would occur and that the parties would not have any adequate remedy at law in the event that any of the provisions of this Agreement, including the Clarinet Offer, were not performed in accordance with their specific terms or were otherwise breached or the Clarinet Offer were revoked, withdrawn, amended, modified or supplemented during the Irrevocable Period otherwise than in the accordance with this Agreement.
The Clarinet Offer may not be accepted prior to the Irrevocable Period and, if not accepted during the Irrevocable Period, shall automatically expire at the end of the Irrevocable Period, but may not be revoked, terminated, amended, modified or supplemented during the Irrevocable Period.
Parent and Merger Sub acknowledge that they intend to be bound by the Clarinet Offer during the Irrevocable Period without the Company executing this Agreement.
This Agreement, when executed by Buyer and submitted to Seller by LendingHome, shall be irrevocable for Three (3) Business Days After the date of submission (the “Irrevocable Period”), and may not be withdrawn for any reason by Buyer during the Irrevocable Period.
Parent and Merger Sub have caused this Agreement to be executed and delivered to make and be bound by the Clarinet Offer as set forth in Section 8.01 hereof and, at such time during the Irrevocable Period as the Company shall execute and deliver to Parent and Merger Sub a counterpart signature page to this Agreement, to thereby have entered into this Agreement with the Company as of the date set forth below.