Common use of Actions of the Shareholders’ Representative Clause in Contracts

Actions of the Shareholders’ Representative. (a) With respect to indemnification claims for iPrint Losses, any decision, act, consent or instruction of the Shareholders' Representative shall constitute a decision of all Shareholders and the Shareholder Group, and shall be final, binding and conclusive upon each of the Shareholders and the Shareholders Group; and the Escrow Agent and iPrint may rely upon any such decision, act, consent or instruction of the Shareholders' Representative as being the decision, act, consent or instruction of each of the Shareholders and the Shareholders Group. The Escrow Agent and iPrint shall not be deemed liable on account of reliance upon the due authority of the Shareholders' Representative on behalf of the Shareholders Group as provided herein with respect to any decision, act, consent or instruction of the Shareholders' Representative.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization (Iprint Com Inc), Agreement and Plan of Reorganization (Farros Royal), Agreement and Plan of Reorganization (Information Technology Ventures Lp/Ca)

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