irrevocable undertaking Also known as a lock-up. A binding agreement by a target shareholder to accept a takeover offer. An irrevocable undertaking may be either hard (binding in all circumstances), soft (ceases to be binding if a higher offer emerges) or semi-hard (ceases to be binding if a higher offer emerges which exceeds the existing offer by an agreed amount).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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Lock-ups — This article refers to the toy cars. For temporary gaols see Village lock ups Lock ups were toy cars made in the early eighties by Kidco. These cars had doors and a trunk that could be locked by using a key that comes with the car in a keyhole on … Wikipedia
Lock-up provision — is a term used in corporate finance which refers to the option granted by a seller to a buyer to purchase a target company’s stock as a prelude to a takeover. The major or controlling shareholder is then effectively locked up and is not free to… … Wikipedia
lock-up — lock ups also lockup 1) N COUNT A lock up is the same as a jail. [AM, INFORMAL] ...the 450 inmates at the maximum security lock up in Lucasville. 2) N COUNT A lock up is a garage that is used by someone, but is not next to their house. [BRIT]… … English dictionary
Lock-Up Period — Window of time in which investors of a hedge fund or other closely held investment vehicle are not allowed to redeem or sell shares. The lock up period helps portfolio managers avoid liquidity problems while capital is put to work in sometimes… … Investment dictionary
Lock-Up Agreement — A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. Lock up periods typically last 180 days (six months) but can on occasion… … Investment dictionary
Lock (water transport) — Canal lock and lock keeper s cottage on the Aylesbury Arm of the Grand Union Canal at Marsworth in Hertfordshire, England … Wikipedia
lock·up — /ˈlɑːkˌʌp/ noun, pl ups [count] 1 : a place where prisoners are kept : ↑jail a police station lockup see also lock up at ↑lock, 2 2 Brit … Useful english dictionary
Village lock-up — Village lock ups are historic buildings that were used for the temporary detention of people in rural parts of England and Wales.They were often used for the confinement of drunks who were usually released the next day or to hold people being… … Wikipedia
Kryptonite lock — The Kryptonite lock is an Ingersoll Rand owned brand of bicycle lock for securing a bicycle to a pole or other fixture, when the owner wants to leave the bicycle in a public place. It was named after kryptonite, the fictitious substance that can… … Wikipedia
Malaysian lock-up detainee abuse scandal — The Malaysian lock up detainee abuse scandal (also known as Squatgate) is a scandal involving the abuse allegations of detainees (initially Chinese citizens) under the care of the Royal Malaysian Police (Malay: Polis Di Raja Malaysia, or PDRM)… … Wikipedia