Common use of Irrevocable Acceptance Clause in Contracts

Irrevocable Acceptance. The acceptance of each Participating Stockholder shall be irrevocable except as hereinafter provided, and each such Participating Stockholder shall be bound and obligated to acquire in the Post-Closing Issuance on the same terms and conditions and at the same price per share with respect to the Participation Shares as such Participating Stockholder shall have specified in such Participating Stockholder’s written commitment.

Appears in 3 contracts

Samples: Stockholders Agreement (Silver Lake Partners Ii L P), Stockholders Agreement (Troxel Douglas D), Stockholders Agreement (Serena Software Inc)

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Irrevocable Acceptance. The acceptance of each Participating Accepting Participation Stockholder shall be irrevocable except as hereinafter provided, and each such Participating Accepting Participation Stockholder shall be bound and obligated to acquire in the Post-Closing Issuance on the same terms and conditions and at the same price per share unit with respect to the Participation Shares Securities as such Participating Accepting Participation Stockholder shall have specified in such Participating Accepting Participation Stockholder’s written commitment.

Appears in 2 contracts

Samples: Stockholders Agreement (Goodman Sales CO), Stockholders Agreement (Prelude Systems, Inc.)

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