Common use of Actions of the Securityholder Agent Clause in Contracts

Actions of the Securityholder Agent. A decision, act, consent or instruction of the Securityholder Agent shall constitute a decision of all the former shareholders of Street for whom a portion of the Escrow Amount otherwise issuable to them are deposited in the Escrow Fund and shall be final, binding and conclusive upon each of such former shareholders, and the Escrow Agent and Select may rely upon any such decision, act, consent or instruction of the Securityholder Agent as being the decision, act, consent or instruction of each every such former shareholder of Street. The Escrow Agent and Select are hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act, consent or instruction of the Securityholder Agent.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Homestore Com Inc)

AutoNDA by SimpleDocs

Actions of the Securityholder Agent. A decision, act, consent consent, or instruction of the Securityholder Agent shall constitute a decision of all the former shareholders of Street Company Stockholders for whom a portion of the Escrow Amount otherwise issuable to them are is deposited in the Escrow Fund and shall be final, binding and conclusive upon each of such former shareholdersCompany Stockholders, and the Escrow Agent and Select Parent may rely upon any such decision, act, consent or instruction of the Securityholder Agent as being the decision, act, consent or instruction of each every such former shareholder of StreetCompany Stockholder. The Escrow Agent and Select Parent are hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act, consent consent, or instruction of the Securityholder Agent.

Appears in 1 contract

Samples: Merger Agreement (Peregrine Systems Inc)

Actions of the Securityholder Agent. A decision, act, ----------------------------------- consent or instruction of the Securityholder Agent shall constitute a decision of all the former shareholders of Street for whom a portion of the Escrow Amount otherwise issuable to them are deposited in the Escrow Fund and shall be final, binding and conclusive upon each of such former shareholders, and the Escrow Agent and Select Parent may rely upon any such decision, act, consent or instruction of the Securityholder Agent as being the decision, act, consent or instruction of each every such former shareholder of Streetthe Company. The Escrow Agent and Select Parent are hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act, consent or instruction of the Securityholder Agent.

Appears in 1 contract

Samples: Merger Agreement (Genesys Telecommunications Laboratories Inc)

AutoNDA by SimpleDocs

Actions of the Securityholder Agent. A decision, act, consent or instruction of the Securityholder Agent shall constitute a decision of all the former shareholders of Street Company Shareholders for whom a portion of the Escrow Amount otherwise issuable to them are is deposited in the Escrow Fund and shall be final, binding and conclusive upon each of such former shareholdersCompany Shareholders, and the Escrow Agent and Select Parent may rely upon any such decision, act, consent or instruction of the Securityholder Agent as being the decision, act, consent or instruction of each and every such former shareholder Company Shareholder of Streetthe Company. The Escrow Agent and Select Parent are hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act, consent or instruction of the Securityholder Agent.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Adept Technology Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!