| busin., prof.jarg. |
irrevocable (examples by 'More: Irrevocable undertakings fall into two categories: (a) Hard irrevocables, which remain binding even if a higher offer is made for the offeree. (b) Soft irrevocables, which will fall away to allow the shareholder to accept a higher offer which is made (typically one which is at least 10% higher than of the value of the offer to which the irrevocable relates). • an irrevocable is the promise of the potential offeror to make the offer. As a safeguard against the irrevocable being held void for lack of consideration ... inn) |
