Common use of Custody Agreement and Power of Attorney Clause in Contracts

Custody Agreement and Power of Attorney. Upon delivering a --------------------------------------- Tag Along Notice or receiving a Drag-Along Notice, each NHR Holder will, if requested by the Selling Stockholder or the Dragging Stockholder, as the case may be, execute and deliver a custody agreement and power of attorney in form and substance reasonably satisfactory to the Selling Stockholder or the Dragging Stockholder with respect to the Common Shares that are to be sold by such NHR Holders pursuant to Section 3 or Section 4, as the case may be (a "Custody ------- Agreement and Power of Attorney"). The Custody Agreement and Power of Attorney ------------------------------- will provide, among other things, that each such NHR Holder will deliver to and deposit in custody with the custodian and attorney-in-fact named therein a certificate or certificates representing such Common Shares (each duly endorsed in blank by the registered owner or owners thereof) and irrevocably appoint said custodian and attorney-in-fact as its agent and attorney-in-fact with full power and authority to act under the Custody Agreement and Power of Attorney on its behalf with respect to (and subject to the terms and conditions of) the matters specified in Section 3 or Section 4, as the case may be.

Appears in 1 contract

Samples: Stockholders Agreement (Concentra Operating Corp)

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Custody Agreement and Power of Attorney. Upon delivering a --------------------------------------- Tag Along Notice or receiving a Drag-Along Notice, each NHR Holder Drag-Along Stockholder will, if requested by the Selling Stockholder or the Dragging Stockholder, as the case may be, execute and deliver a custody agreement and power of attorney in form and substance reasonably satisfactory to the Selling Dragging Stockholder or the Dragging and such Drag-Along Stockholder with respect to the Common Shares shares of Company Capital Stock that are to be sold by such NHR Holders Drag-Along Stockholder pursuant hereto and with respect to Section 3 or Section 4, as the case may be any other Company Equity Securities subject to this Article IV in respect of such Drag-Along Sale (a "Drag-Along Custody ------- Agreement and Power of Attorney"). The ; it being understood that the Drag-Along Custody Agreement and Power of Attorney ------------------------------- will provide, among other things, that each such NHR Holder Drag-Along Stockholder will deliver to and deposit in custody with the custodian and attorney-in-fact named therein a certificate or certificates representing such Common Shares shares of Company Capital Stock (each duly endorsed in blank by the registered owner or owners thereof) and irrevocably appoint said custodian and attorney-in-fact as its agent and attorney-in-fact with full power and authority to act under the Drag-Along Custody Agreement and Power of Attorney on its behalf with respect to (and subject to the terms and conditions of) the matters specified in Section 3 or Section 4, as the case may bethis Article IV.

Appears in 1 contract

Samples: Stockholders Agreement (Select Medical Holdings Corp)

Custody Agreement and Power of Attorney. Upon delivering a --------------------------------------- Tag Along Notice or receiving a Drag-Along Notice, each NHR Holder Drag-Along Stockholder will, if requested by the Selling Stockholder or the Dragging Stockholder, as the case may be, execute and deliver a custody agreement and power of attorney in form and substance reasonably satisfactory to the Selling Stockholder or the Dragging Stockholder with respect to the Common Shares shares of Company Capital Stock that are to be sold by such NHR Holders Drag-Along Stockholder pursuant hereto and with respect to Section 3 or Section 4, as the case may be any other Company Equity Securities subject to this Article IV in respect of such Drag-Along Sale (a "“Drag-Along Custody ------- Agreement and Power of Attorney"). The Drag-Along Custody Agreement and Power of Attorney ------------------------------- will provide, among other things, that each such NHR Holder Drag-Along Stockholder will deliver to and deposit in custody with the custodian and attorney-in-fact named therein a certificate or certificates representing such Common Shares shares of Company Capital Stock (each duly endorsed in blank by the registered owner or owners thereof) and irrevocably appoint said custodian and attorney-in-fact as its agent and attorney-in-fact with full power and authority to act under the Drag-Along Custody Agreement and Power of Attorney on its behalf with respect to (and subject to the terms and conditions of) the matters specified in Section 3 or Section 4, as the case may bethis Article IV.

Appears in 1 contract

Samples: Stockholders Agreement (US Oncology Holdings, Inc.)

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Custody Agreement and Power of Attorney. Upon delivering a --------------------------------------- Tag Along Notice or receiving a Drag-Along Notice, each NHR Holder Schedule I Purchaser (other than WCAS), FFT Purchaser and each of their Permitted Transferees will, if requested by the Selling Stockholder or the Dragging Stockholder, as the case may be, execute and deliver a custody agreement and power of attorney in form and substance reasonably satisfactory to the Selling Stockholder or the Dragging Stockholder Stockholder, as the case may be, and to such Schedule I Purchaser, FFT Purchaser or their Permitted Transferees, as the case may be, with respect to the Common Shares shares of Company Capital Stock and/or Warrants that are to be sold by such NHR Holders Stockholders and Permitted Transferees pursuant to Section 3 or Section 4, as the case may be hereto (a "Custody ------- Agreement and Power of AttorneyCUSTODY AGREEMENT AND POWER OF ATTORNEY"). The Custody Agreement and Power of Attorney ------------------------------- will provide, among other things, that each such NHR Holder Stockholder and Permitted Transferee will deliver to and deposit in custody with the custodian and attorney-in-fact named therein a certificate or certificates representing such Common Shares shares of Company Capital Stock and Warrants (each duly endorsed in blank by the registered owner or owners thereof) and irrevocably appoint said custodian and attorney-in-fact as its agent and attorney-attorney- in-fact with full power and authority to act under the Custody Agreement and Power of Attorney on its behalf with respect to (and subject to the terms and conditions of) the matters specified in Section 3 III or Section 4IV, as the case may be.

Appears in 1 contract

Samples: Stockholders Agreement (Oci Holdings Inc)

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