Common use of Agent for Proxy Clause in Contracts

Agent for Proxy. The Participant represents that from time to time, it may be a beneficial owner of Shares (“Beneficial Owner”). To the extent that it is a Beneficial Owner, the Participant agrees to irrevocably appoint the Distributor as its attorney and proxy with full authorization and power to vote (or abstain from voting) its beneficially owned Shares. The Distributor intends to vote (or abstain from voting) the Participant’s beneficially owned Shares in the same proportion as the votes (or abstentions) of all other shareholders of the corresponding Fund on any matter submitted to a vote of the shareholders of such Fund. The Distributor, as attorney and proxy for the Participant hereunder: (i) is hereby given full power of substitution and revocation; (ii) may act through such agents, nominees, or attorneys as it may appoint from time to time; and (iii) may provide voting instructions to such agents, nominees, or substitute attorneys. The Distributor may terminate this irrevocable proxy within sixty (60) days written notice to the Participant.

Appears in 12 contracts

Samples: Authorized Participant Agreement (Fidelity Covington Trust), Authorized Participant Agreement (Fidelity Covington Trust), Authorized Participant Agreement (Fidelity Covington Trust)

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Agent for Proxy. The Participant represents that from time to time, time it may be a beneficial owner of Shares (“Beneficial Owner”)ETF Shares. To the extent that it is a Beneficial Ownerbeneficial owner of ETF shares, the Participant agrees to irrevocably appoint the Distributor as its attorney and proxy with full authorization and power to vote (or abstain from voting) its beneficially owned Sharesshares. The Distributor intends to vote (or abstain from voting) the Participant’s 's beneficially owned Shares shares in the same proportion as the votes (or abstentions) of all other shareholders of the corresponding Fund on any matter submitted to a the vote of the shareholders of such Fundthe Fund or Trust. The Distributor, as attorney and proxy for the Participant hereunder: under this Paragraph 3(d), (i) is hereby given full power of substitution and revocation; (ii) may act through such agents, nominees, or attorneys as it may appoint from time to time; and (iii) may provide voting instructions to such agents, nominees, or substitute attorneys. The Distributor may terminate this irrevocable proxy within sixty (60) days written notice to the Participant.

Appears in 3 contracts

Samples: Agency Services Agreement (Fidelity Commonwealth Trust), Authorized Participant Agreement (Fidelity Commonwealth Trust), Authorized Participant Agreement (Fidelity Commonwealth Trust)

Agent for Proxy. The Participant represents that from time to time, it may be a beneficial owner of Shares (“Beneficial Owner”)Shares. To the extent that it is a Beneficial Ownerbeneficial owner of Shares, the Participant agrees to irrevocably appoint the Distributor as its attorney and proxy with full authorization and power to vote (or abstain from voting) its beneficially owned Shares. The Distributor intends to vote (or abstain from voting) the Participant’s beneficially owned Shares in the same proportion as the votes (or abstentions) of all other shareholders of the corresponding Fund on any matter submitted to a the vote of the shareholders of such Fund. The Distributor, as attorney and proxy for the Participant hereunder: , (i) is hereby given full power of substitution and revocation; (ii) may act through such agents, nominees, or attorneys as it may appoint from time to time; and (iii) may provide voting instructions to such agents, nominees, or substitute attorneys. The Distributor may terminate this irrevocable proxy within sixty (60) days written notice to the Participant.

Appears in 3 contracts

Samples: Authorized Participant Agreement, Authorized Participant Agreement (PIMCO ETF Trust), Authorized Participant Agreement (PIMCO ETF Trust)

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Agent for Proxy. The Participant represents that from time to time, it may be a beneficial owner of Shares ("Beneficial Owner"). To the extent that it is a Beneficial Owner, the Participant agrees to irrevocably appoint the Distributor as its attorney and proxy with full authorization and power to vote (or abstain from voting) its beneficially owned Shares. The Distributor intends to vote (or abstain from voting) the Participant’s 's beneficially owned Shares in the same proportion as the votes (or abstentions) of all other shareholders of the corresponding Fund on any matter submitted to a vote of the shareholders of such Fund. The Distributor, as attorney and proxy for the Participant hereunder: (i) is hereby given full power of substitution and revocation; (ii) may act through such agents, nominees, or attorneys as it may appoint from time to time; and (iii) may provide voting instructions to such agents, nominees, or substitute attorneys. The Distributor may terminate this irrevocable proxy within sixty (60) days written notice to the Participant.

Appears in 2 contracts

Samples: Authorized Participant Agreement (Fidelity Merrimack Street Trust), Authorized Participant Agreement (Fidelity Covington Trust)

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