Common use of Non-Withdrawal Clause in Contracts

Non-Withdrawal. Notwithstanding any statutory or other rights as may be granted by the terms of the Offer or otherwise that Seller might have, Seller, subject to Section 7 of this Letter Agreement, hereby irrevocably and unconditionally agrees not to withdraw or take any action to withdraw any portion of his, her or its Debentures or Consents following the deposit of such Debentures and the giving of such Consents pursuant to the Offer.

Appears in 2 contracts

Sources: Letter Agreement (Shoneys Inc), Purchase Offer and Consent Solicitation (Courage Capital Management LLC)