Common use of Effective and Binding Clause in Contracts

Effective and Binding. Notwithstanding anything else in this Agreement, this Agreement will only become effective and binding on the parties hereto (and other Holders in accordance with Section 4.12) upon the closing under the Subscription Agreement of the sale of 8,150,944 shares of Common Stock to SCF.

Appears in 1 contract

Sources: Registration Rights Agreement (Hornbeck Offshore Services Inc /La)

Effective and Binding. Notwithstanding anything else in this Agreement, this Agreement will only become effective and binding on the parties hereto (and other Holders in accordance with Section 4.12) upon the closing under the Subscription Agreement of the sale of 8,150,944 shares of Common Stock to SCF.

Appears in 1 contract

Sources: Stockholders Agreement (Hornbeck Offshore Services Inc /La)