Revocation or Change of Election Clause Samples

The "Revocation or Change of Election" clause defines the process by which a party can withdraw or modify a previously made choice or decision under the agreement. Typically, this clause outlines the conditions, timeframes, and methods for revoking or altering an election, such as requiring written notice within a specified period. Its core function is to provide flexibility and clarity, ensuring that parties are not irrevocably bound by an initial decision and can adapt to changing circumstances or new information.
Revocation or Change of Election. Any election may be revoked or changed by the person who submitted the Election Form to the Exchange Agent and the certificate(s) or book-entry transfer withdrawn by written notice duly executed and received by the Exchange Agent up to and immediately prior to the election deadline. Such notice must specify the person in whose name the Wheeling-Pittsburgh common shares to be withdrawn had been submitted, the number of shares to be withdrawn, the name of the registered holder thereof, and the serial numbers shown on the certificate(s) or book-entry transfer representing the shares to be withdrawn. If an election is revoked, and the certificate(s) or book-entry transfer withdrawn, the certificate(s) or book-entry transfer submitted therewith will be returned promptly by the Exchange Agent to the person who submitted such certificate(s) or book-entry transfer. Upon any such revocation, unless a properly completed Election Form, together with your certificate(s) (or a properly completed guarantee of delivery) or a completed book-entry transfer is thereafter submitted to the Exchange Agent prior to the election deadline, you will be deemed not to have made an effective election and will receive shares of New Esmark common stock only.
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Revocation or Change of Election. Your election instructions for Merger Consideration may be changed or revoked at any time prior to the Election Deadline. In order to change your election instructions, you must validly revoke your election instructions by submitting a written request to the Exchange Agent: You must also complete a new 401(k) Election Instructions Form, which must be received by the Exchange Agent prior to 5:00 p.m. Eastern time on December 8, 2017. You may request a new 401(k) Election Instruction Form: In the event a 401(k) Election Instructions Form is revoked prior to the Election Deadline, the CH2M 401(k) Shares represented by such 401(k) Election Instructions Form shall become no election shares, except to the extent a subsequent election is properly made with respect to any or all of such CH2M 401(k) Shares prior to the Election Deadline. All elections will be automatically deemed revoked upon receipt by the Exchange Agent of written notification from Jacobs that the Merger Agreement has been terminated in accordance with its terms.
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Related to Revocation or Change of Election

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  • Revocation Period Executive has the right to revoke this Agreement for up to seven days after he signs it. In order to revoke this Agreement, Executive must sign and send a written notice of the decision to do so, addressed to [NAME] at [INSERT TITLE, AND ADDRESS], and that written notice must be received by Company no later than the eighth day after Executive signed this Agreement. If Executive revokes this Agreement, Executive will not be entitled to any of the consideration from Company described in paragraph 2 above.

  • Notification of Election When the Notification of Election was filed with the Commission, it (A) contained all statements required to be stated therein in accordance with, and complied in all material respects with the requirements of, the 1940 Act and (B) did not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

  • Termination for Change of Control This Agreement may be terminated immediately by SAP upon written notice to Provider if Provider comes under direct or indirect control of any entity competing with SAP. If before such change Provider has informed SAP of such potential change of control without undue delay, the Parties agree to discuss solutions on how to mitigate such termination impact on Customer, such as stepping into the Customer contract by SAP or by any other Affiliate of Provider or any other form of transition to a third party provider.

  • Release; Termination (a) Upon any sale, lease, transfer or other disposition of any item of Collateral of any Grantor in accordance with the terms of the Loan Documents or otherwise as specified in Section 9.10 of the Credit Agreement, the Collateral Agent will, at such Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor or the applicable transferee shall reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of such request and such release no Event of Default shall have occurred and be continuing, (ii) such Grantor shall have delivered to the Collateral Agent, at least five days prior to the date of the proposed release (or such later date as may be reasonably acceptable to the Collateral Agent), a written request for release in reasonable detail describing the item of Collateral, together with a form of release for execution by the Collateral Agent and a certificate of such Grantor to the effect that the transaction is in compliance with the Loan Documents, (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied, or any payment to be made in connection therewith, in accordance with Section 2.05 of the Credit Agreement shall, to the extent so required, be paid or made to, or in accordance with the instructions of, the Collateral Agent when and as required under Section 2.05 of the Credit Agreement, and (iv) with respect to sales, leases, transfers or the dispositions of Equipment and Inventory in the ordinary course of business and other sales, leases, transfers or other dispositions and dispositions that are not prohibited by the Credit Agreement, the Liens granted herein shall, to the extent contemplated by Section 9.10 of the Credit Agreement, be deemed to be released with no further action on the part of any Person. (b) Upon the latest of (i) the payment in full in cash of the Secured Obligations (other than contingent indemnification obligations as to which (x) no claim has been made or (y) if a claim has been made such claim is in a determinable amount and has been Cash Collateralized) and (ii) the expiration or termination or Cash Collateralization in accordance with Section 2.03(g) of the Credit Agreement of all Letters of Credit, the pledge and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the applicable Grantor. Upon any such termination, the Collateral Agent will, at the applicable Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such termination.