Common use of Actions of the Stockholder Representative Clause in Contracts

Actions of the Stockholder Representative. A decision, act, consent or instruction of the Stockholder Representative shall constitute a decision of all Corporation Stockholders for whom Escrow Shares shares otherwise issuable to them are deposited into escrow and shall be final, binding and conclusive upon each of the Corporation Stockholders, and the Escrow Agent and Purchaser may rely upon any decision, act, consent or instruction of the Stockholder Representative as being the decision, act, consent or instruction of each and every one of the Corporation Stockholders. The Escrow Agent and Purchaser 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 Stockholder Representative.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Workstream Inc)

AutoNDA by SimpleDocs

Actions of the Stockholder Representative. A decision, act, consent or instruction of the Stockholder Representative shall constitute a decision of all Corporation Stockholders the stockholders for whom a portion of the Escrow Shares shares Amount otherwise issuable to them are deposited into escrow in the Escrow Fund and shall be final, binding and conclusive upon each of the Corporation Stockholderssuch stockholders, and the Escrow Agent and Purchaser Parent may rely upon any such decision, act, consent or instruction of the Stockholder Representative as being the decision, act, consent or instruction of each and every one such stockholder of the Corporation StockholdersCompany. The Escrow Agent and Purchaser 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 Stockholder Representative.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Edwards J D & Co)

Actions of the Stockholder Representative. A decision, act, consent or instruction of the Stockholder Representative shall constitute a decision of all Corporation Stockholders for whom Escrow Shares shares otherwise issuable to them are deposited into escrow and shall be final, binding and conclusive upon each of the Corporation Stockholders, and the Escrow Agent and Purchaser may rely upon any decision, act, consent or instruction of the Stockholder Representative as being the decision, act, consent or instruction of each and every one of the Corporation Stockholders. The Escrow Agent and Purchaser 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 Stockholder Representative.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Workstream Inc)

AutoNDA by SimpleDocs

Actions of the Stockholder Representative. A decision, act, consent or instruction of the Stockholder Representative shall constitute a decision for all of all Corporation the Stockholders for whom a portion of the Escrow Shares shares otherwise issuable to them are deposited into escrow in an Escrow Fund, and shall be final, binding and conclusive upon each of the Corporation such Stockholders, and the Escrow Depositary Agent and Purchaser Parent may rely exclusively upon any such decision, act, consent or instruction of the Stockholder Representative as being the decision, act, consent or instruction of each and every one of the Corporation Stockholderssuch Stockholder. The Escrow Depositary Agent and Purchaser 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 Stockholder Representative.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Guitar Center Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.