Irrevocable Clause Samples
The 'Irrevocable' clause establishes that a party's decision, offer, or consent cannot be withdrawn or changed once it has been given. In practice, this means that if a party makes an irrevocable offer or grant, they are legally bound to uphold it for the specified duration or until certain conditions are met, regardless of any change in circumstances or intent. This clause is essential for providing certainty and reliability in agreements, as it prevents parties from backing out unilaterally and ensures that commitments are honored as agreed.
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Irrevocable. The foregoing power of attorney is irrevocable and coupled with an interest, and shall survive the Incapacity of any Holder and the transfer of all or any portion of his or its Units and shall extend to such Holder’s heirs, successors, assigns and personal representatives.
Irrevocable. This Offer is irrevocable by the Vendor until one minute before midnight on the irrevocable date hereinbefore set out, after which time if not accepted, this Agreement shall be void and the deposit monies returned to the Purchaser, without interest. This transaction shall be completed on the Closing, on which date vacant possession of the Dwelling is to be given to the Purchaser.
Irrevocable. Prior to a Change in Control, the Trust shall be revocable by the Company. Except as otherwise provided herein, the Trust shall be irrevocable upon a Change in Control.
Irrevocable. The powers of attorney granted herein shall be deemed to be coupled with an interest and shall be irrevocable and survive the death, bankruptcy, dissolution, or incompetency of the Members. In the event of any conflict between this Operating Agreement and any instruments filed by such attorney pursuant to the power of attorney granted in this section, this Operating Agreement shall control.
Irrevocable. Subject to the provisions of Sections 3.01, 3.02, 8.02 and 8.03, the Voting Trust hereby created shall be irrevocable and no Equity Interests held by the Trustee shall be withdrawn or transferred to or upon the order of any Beneficiary prior to the Termination Date.
Irrevocable. Subject to the foregoing Section 12 (b), during the term of this Agreement the Trust hereby created shall be irrevocable and no Shares of Holdings held by the Voting Trustee pursuant to the terms of this Agreement shall be transferred to or upon the order of the holder of a Voting Trust Certificate evidencing the beneficial ownership thereof prior to the termination of this Agreement.
Irrevocable. The Subscriber acknowledges that this subscription is subject to the acceptance, in whole or in part, by the Manager in its sole discretion and to certain other conditions set forth in the Offering Memorandum. The Subscriber agrees that this subscription is given for valuable consideration and shall not be withdrawn or revoked by the Subscriber. This subscription and the subscription proceeds shall be returned without interest or deduction to the Subscriber at the address indicated below if this subscription is not accepted. If the subscription is accepted only in part, a cheque representing the portion of the amount the Subscriber delivered with the subscription form for the Units which is not accepted will be promptly delivered or mailed to the Subscriber without interest or deduction.
Irrevocable. (a) Any notice by the Borrower under this Clause 6 of cancellation shall be irrevocable and shall specify the date upon which the cancellation is to become effective and the amount of the Total Revolving Credit Commitments or the Total Swingline Commitments to be canceled.
(b) No amount of the Total Revolving Credit Commitments or the Total Swingline Commitments canceled under this Agreement may subsequently be reinstated unless agreed by all the Lenders and the Administrative Agent.
Irrevocable. It is further agreed and understood by the Purchaser and the Vendor that the provisions of the Amendment herein shall act as an extension to the Agreement Purchase and Sale and be binding on all parties once acknowledged. This Amending Agreement shall be irrevocable by the Purchaser until 4pm on the 15th day of September, 2021. TO EVIDENCE THEIR AGREEMENT each of the Parties has executed this Amending Agreement on the date appearing below. Date: September 14, 2021 Per: /s/ ▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇ Title: President I have authority to bind the corporation Per: Name: Title: I have authority to bind the corporation Date: September 14, 2021 Per: /s/ ▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇▇ Title: President I have authority to bind the corporation Per: Name: Title: I have authority to bind the corporation Date: Per: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Director I have authority to bind the corporation THIS AMENDING AGREEMENT (this “Amending Agreement”) dated the 13th day of October, 2021 is between:
A. The Vendor and the Purchaser are parties to an agreement of purchase and sale dated the 27th day of May, 2021, as amended by an Amending Agreement, dated July 23, 2021, as amended by an Amending Agreement, dated September 15, 2021 (collectively, called the “Agreement”) pursuant to which the Vendor has agreed to sell to the Purchaser, and the Purchaser has agreed to purchase from the Vendor, certain lands and premises municipally known as ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Toronto, Ontario (collectively, the “Lands”), all of which is further detailed and defined in the Agreement.
B. The Vendor and the Purchaser wish to amend the Agreement to include the following: For good and valuable consideration, the receipt and sufficiency of which each Party acknowledges, the Parties agree as follows:
Irrevocable. Prior to the Effective Time, the Trust shall be revocable by Spartan Stores. On and after the Effective Time, the Trust shall be irrevocable, except that each Sub-Trust shall be revocable with the written consent of Spartan Stores and the Executive for whom the Sub-Trust was created, and each Sub-Trust is subject to Sections 2.7 and 8.2(c).