Irrevocable Exercise. The exercise by each Exercising Stockholder of its rights under this ARTICLE V shall be irrevocable except as hereinafter provided, and each such Exercising Stockholder shall be bound and obligated to acquire the Participation Securities in the Post-Closing Issuance as such Exercising Stockholder shall have specified in such Exercising Stockholder’s written commitment on the price, terms and conditions of such Post-Closing Issuance so long as they are Compliant Terms.
Appears in 2 contracts
Sources: Sponsor Stockholders Agreement (Dell Technologies Inc), Sponsor Stockholders Agreement (Denali Holding Inc.)
Irrevocable Exercise. The exercise by each Exercising Stockholder of its rights under this ARTICLE V IV shall be irrevocable except as hereinafter provided, and each such Exercising Stockholder shall be bound and obligated to acquire the Participation Securities in the Post-Closing Issuance as such Exercising Stockholder shall have specified in such Exercising Stockholder’s written commitment on the price, terms and conditions of such Post-Closing Issuance so long as they are Compliant Terms.
Appears in 1 contract
Sources: Class C Stockholders Agreement (Dell Technologies Inc)