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"clause", "offset": [4088, 4102]}, {"key": "without-limiting-the", "type": "clause", "offset": [4107, 4127]}, {"key": "authority-of-the-equityholder-representative", "type": "clause", "offset": [4138, 4182]}, {"key": "to-approve", "type": "clause", "offset": [4286, 4296]}, {"key": "by-executing-and-delivering", "type": "clause", "offset": [4320, 4347]}, {"key": "joinder-agreement", "type": "clause", "offset": [4350, 4367]}, {"key": "agent-and-attorney", "type": "clause", "offset": [4534, 4552]}, {"key": "power-of-substitution", "type": "clause", "offset": [4593, 4614]}, {"key": "decisions-and-determinations", "type": "clause", "offset": [4628, 4656]}, {"key": "to-act", "type": "definition", "offset": [4661, 4667]}, {"key": "all-documents", "type": "clause", "offset": [4701, 4714]}, {"key": "at-any-time", "type": "clause", "offset": [4773, 4784]}, {"key": "the-provisions-of", "type": "clause", "offset": [4934, 4951]}, {"key": "contemplated-hereby", "type": "clause", "offset": [5024, 5043]}], "snippet": "(a) The Equityholder Representative shall have the power and authority to take any of the following actions on behalf of the Equityholders: (i) to give and receive notices, communications and consents under this Agreement (including the Closing Payment Certificate, the Initial Consideration Payout Spreadsheet and any Additional Payout Spreadsheet) and the Exchange Agent Agreement; (ii) to receive and facilitate distribution of payments pursuant to this Agreement and the Exchange Agent Agreement (including payment of all Transaction Expenses); (iii) to waive, modify or amend any provision of this Agreement and the Exchange Agent Agreement; (iv) to assert any claim or institute any Action; (v) in the Equityholder Representative\u2019s sole discretion, to investigate, defend, contest or litigate any Action initiated by any Person against the Equityholder Representative or any Equityholder under this Agreement and the Exchange Agent Agreement, as the Equityholder Representative; (vi) in the Equityholder Representative\u2019s sole discretion, to receive process on behalf of any Equityholder in any such Action; (vii) to negotiate, enter into settlements and compromises of, resolve and comply with orders of courts and awards of arbitrators or other Third Party intermediaries with respect to any disputes arising under this Agreement and the Exchange Agent Agreement; (viii) in the Equityholder Representative\u2019s sole discretion, to negotiate and enter into settlements with respect to any indemnification claims arising under this Agreement and the Exchange Agent Agreement; (ix) in the Equityholder Representative\u2019s sole discretion, to agree to any offsets or other additions or subtractions of amounts to be paid under this Agreement and the Exchange Agent Agreement; (x) to make, execute, acknowledge and deliver all such other agreements, guarantees, orders, receipts, endorsements, notices, requests, instructions, certificates, assignments, letters and other writings; and (xi) in the Equityholder Representative\u2019s sole discretion, engage, at the Equityholders\u2019 expense, attorneys, accountants, financial and other advisors, paying or exchange agents and other persons necessary or appropriate for the accomplishment of the foregoing, and, in general, to do any and all things and to take any and all action that the Equityholder Representative, in the Equityholder Representative\u2019s sole discretion may be necessary or proper or convenient in connection with or to carry out the activities described in this Agreement and the Exchange Agent Agreement. All such actions taken by the Equityholder Representative shall be deemed to be facts ascertainable outside of this Agreement for purposes of calculating the Closing Merger Consideration and/or any Additional Payments, as applicable, or for any other purpose hereunder, and shall be binding on all Equityholders. The Equityholders agree that, if deemed necessary by the Equityholder Representative, in his or her sole discretion, then the Equityholder Representative may fund the Equityholder Representative Expense Fund with such additional funds as are necessary to return the balance in the Equityholder Representative Expense Fund to the Equityholder Representative Expense Holdback Amount from (x) any portion of the Indemnity Holdback Amount that would otherwise be released to the Equityholders on the Holdback Release Date under Section 9.11(a) or (y) any Earnout Payment that is due and payable to the Equityholders under the Earnout Consideration Schedule, after any applicable offset under Section 9.11, in each case, by providing written instruction to Parent (with simultaneous written notice to the Equityholders) to transfer the applicable amount to the Equityholder Representative Expense Fund by wire transfer or immediately available funds. Parent shall have no Liability to any Equityholder for any amount disbursed to the Equityholder Representative Expense Fund pursuant to this Section 8.01(a).\n(b) By executing this Agreement, the Equityholder Representative hereby accepts such power and authority.\n(c) In addition to and without limiting the power and authority of the Equityholder Representative to take actions on behalf of the Equityholders as set forth in Section 8.01(a), by executing or voting to approve this Agreement, and/or by executing and delivering a Joinder Agreement, each Equityholder shall be deemed to have irrevocably authorized, appointed and empowered the Equityholder Representative to be the exclusive proxy, representative, agent and attorney-in-fact of such Equityholder, with full power of substitution, to make all decisions and determinations and to act and execute, deliver and receive all documents, instruments and consents on behalf of such Equityholder, at any time, in connection with, and that may be deemed by the Equityholder Representative to be necessary or appropriate to accomplish the intent and implement the provisions of, this Agreement, and to facilitate the consummation of the transactions contemplated hereby.", "hash": "e48564c8164b26a8280c62d03e1efd1c", "id": 2}, {"samples": [{"hash": "4SqTED3TfcA", "uri": "/contracts/4SqTED3TfcA#equityholder-representative", "label": "Merger Agreement (RespireRx Pharmaceuticals Inc.)", "score": 31.7843933105, "published": true}, {"hash": "3IQukJqNO3b", "uri": "/contracts/3IQukJqNO3b#equityholder-representative", "label": "Merger Agreement (Cortex Pharmaceuticals Inc/De/)", "score": 23.6228618622, "published": true}], "size": 15, "snippet_links": [{"key": "within-thirty", "type": "clause", "offset": [0, 13]}, {"key": "following-the-closing", "type": "clause", "offset": [24, 45]}, {"key": "company-securityholders", "type": "clause", "offset": [47, 70]}, {"key": "a-majority", "type": "definition", "offset": [91, 101]}, {"key": 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"offset": [865, 878]}, {"key": "action-of-the-company", "type": "clause", "offset": [946, 967]}, {"key": "neither-parent", "type": "definition", "offset": [989, 1003]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [1005, 1030]}, {"key": "respective-affiliates", "type": "definition", "offset": [1048, 1069]}, {"key": "action-taken", "type": "definition", "offset": [1151, 1163]}, {"key": "arising-out-of", "type": "definition", "offset": [1304, 1318]}, {"key": "acts-or-omissions", "type": "definition", "offset": [1323, 1340]}, {"key": "disputes-between", "type": "clause", "offset": [1383, 1399]}, {"key": "notices-to", "type": "clause", "offset": [1515, 1525]}, {"key": "agreement-or", "type": "definition", "offset": [1654, 1666]}, {"key": "with-respect-to", "type": "clause", "offset": [1698, 1713]}, {"key": "contemplated-hereby", "type": "clause", "offset": [1731, 1750]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [1752, 1782]}, {"key": "delivery-of", "type": "clause", "offset": [1784, 1795]}, {"key": "other-amounts", "type": "definition", "offset": [1826, 1839]}, {"key": "in-accordance-with", "type": "clause", "offset": [1840, 1858]}, {"key": "merger-consideration-spreadsheet", "type": "definition", "offset": [1863, 1895]}, {"key": "obligations-of-parent", "type": "clause", "offset": [1964, 1985]}, {"key": "the-post", "type": "clause", "offset": [2043, 2051]}, {"key": "closing-parent-shares", "type": "definition", "offset": [2052, 2073]}, {"key": "liability-for", "type": "clause", "offset": [2124, 2137]}, {"key": "act-or-omission", "type": "clause", "offset": [2142, 2157]}], "snippet": "Within thirty (30) days following the Closing, Company Securityholders who are entitled to a majority of the Parent Common Stock issuable hereunder (excluding any Contingent Shares for purposes of such calculation) shall appoint a person or entity (the \u201cEquityholder Representative\u201d) to serve as an agent and attorney-in-fact for and behalf of all Company Securityholders to take any and all actions required or permitted to be taken by the Equityholder Representative hereunder. Parent shall be entitled to deal exclusively with the Equityholder Representative on all matters relating to this Agreement and any other related agreement. Parent shall be entitled to rely, without any investigation or inquiry, upon all actions taken by the Equityholder Representative as having been taken upon the due and valid authority of each of the Company Securityholders. Any action by the Equityholder Representative shall be conclusively deemed to be the action of the Company Securityholders, and neither Parent, the Surviving Corporation nor any of their respective affiliates shall have any liability or responsibility to any Company Securityholder for any action taken in reliance thereon. Neither Parent, the Surviving Corporation nor any of their respective affiliates will have any liability or obligation arising out of the acts or omissions of the Equityholder Representative or any disputes between any Company Securityholder and the Equityholder Representative. Parent may rely entirely on its dealings with, and notices to and from, the Equityholder Representative to satisfy any obligations Parent might have to any Company Securityholder under this Agreement or any other related agreement or with respect to the transactions contemplated hereby. Without limiting the foregoing, delivery of any Contingent Shares and any other amounts in accordance with the Merger Consideration Spreadsheet or any updated Merger Consideration Spreadsheet will extinguish any obligations of Parent to the Securityholders with respect to such payments and the Post-Closing Parent Shares to which they may relate, and Parent will have no liability for any act or omission of the Equityholder Representative with respect to such payments or with respect to any of the calculations set forth in the Merger Consideration Spreadsheet or any updated Merger Consideration Spreadsheet.", "hash": "c9a9cd026461c5f87976080b46f094be", "id": 1}, {"samples": [{"hash": "dsCxzeh4ULb", "uri": "/contracts/dsCxzeh4ULb#equityholder-representative", "label": "Merger Agreement (Allstate Corp)", "score": 27.9075965881, "published": true}], "size": 3, "snippet_links": [{"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [41, 79]}, {"key": "the-merger", 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"in-this-agreement", "type": "clause", "offset": [6472, 6489]}, {"key": "applicable-to", "type": "definition", "offset": [6513, 6526]}, {"key": "the-foregoing", "type": "definition", "offset": [6606, 6619]}, {"key": "removal-of", "type": "definition", "offset": [6677, 6687]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [6727, 6756]}, {"key": "at-any-time", "type": "clause", "offset": [6814, 6825]}, {"key": "consent-of", "type": "clause", "offset": [6837, 6847]}, {"key": "a-majority", "type": "definition", "offset": [6848, 6858]}, {"key": "new-representative", "type": "definition", "offset": [7192, 7210]}, {"key": "a-copy-of", "type": "clause", "offset": [7258, 7267]}, {"key": "to-parent", "type": "definition", "offset": [7456, 7465]}, {"key": "if-applicable", "type": "definition", "offset": [7471, 7484]}, {"key": "and-payments", "type": "clause", "offset": [7503, 7515]}, {"key": "effective-upon", "type": "clause", "offset": [7567, 7581]}, {"key": "by-parent", "type": "clause", "offset": [7666, 7675]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [7741, 7760]}, {"key": "in-the-aggregate", "type": "definition", "offset": [7860, 7876]}, {"key": "following-the-closing", "type": "clause", "offset": [7924, 7945]}, {"key": "payments-to-be-made", "type": "clause", "offset": [7951, 7970]}, {"key": "payments-agreement", "type": "definition", "offset": [8012, 8030]}, {"key": "in-effect", "type": "definition", "offset": [8038, 8047]}, {"key": "as-directed", "type": "definition", "offset": [8083, 8094]}, {"key": "contained-in", "type": "definition", "offset": [8181, 8193]}, {"key": "relating-to", "type": "definition", "offset": [8300, 8311]}, {"key": "finally-determined", "type": "definition", "offset": [8382, 8400]}, {"key": "the-escrow-agreement", "type": "clause", "offset": [8466, 8486]}, {"key": "other-property", "type": "clause", "offset": [8506, 8520]}], "snippet": "10.15.1. As an integral component of the terms and conditions of this Agreement and the Merger, the Equityholder Representative is hereby irrevocably constituted, appointed, authorized, directed and empowered, effective as of the Effective Time, to act as sole and exclusive agent, attorney-in-fact and representative of the Equityholders, with full power of substitution, for all purposes in connection with this Agreement and each agreement ancillary hereto.\n10.15.2. A decision, act, consent or instruction of the Equityholder Representative hereunder will constitute a decision, act, consent or instruction of all Equityholders and will be final, binding and conclusive upon each of such Equityholders, and the Escrow Agent, Payments Administrator, Parent, Merger Sub and Surviving Corporation may rely upon any such decision, act, consent or instruction of the Equityholder Representative as being the decision, act, consent or instruction of each and every such Equityholder.\n10.15.3. The Equityholder Representative will have the right to recover, at its sole discretion, from the Representative Fund Amount (such amounts in the account, at any given time, the \u201cRepresentative Fund\u201d), prior to any distribution to the Equityholders, (i) the Equityholder Representative\u2019s out-of-pocket expenses (including fees and expenses of counsel, accountants or other agents or experts) incurred in serving in that capacity and (ii) any amounts to which it is entitled pursuant to the indemnification provision in Section 10.15.5. In the event the amount of the Representative Fund available to satisfy Representative Expenses (the \u201cRemaining Fund Property\u201d) is insufficient to satisfy all Representative Expenses, then each Equityholder will be obligated to pay the Representative Expenses in excess of the Remaining Fund Property (or, at the election of the Equityholder Representative, such excess amount may be deducted from any release to such Equityholders from the Escrow Amount). Any release of the Representative Fund shall be made (i) to the Payments Administrator to be distributed to the Stockholders in accordance with their respective Pro Rata Shares and (ii) to the Surviving Corporation to be distributed to the Optionholders in accordance with their respective Pro Rata Shares through the Surviving Corporation\u2019s payroll system in accordance with Section 3.2.4 but not later than thirty days following the date or dates on which any amount becomes due and payable. The Equityholders will not receive any interest or earnings on the Representative Fund and irrevocably transfer and assign to the Equityholder Representative any ownership right that they may otherwise have had in any such interest or earnings. The Equityholder Representative will not be liable for any loss of principal of the Representative Fund other than as a result of its gross negligence or willful misconduct. The Equityholder Representative will hold these funds separate from its corporate funds, will not use these funds for its operating expenses or any other corporate purposes and will not voluntarily make these funds available to its creditors in the event of bankruptcy. For Tax purposes, the Representative Fund will be treated as having been received and voluntarily set aside by the Equityholders at the time of Closing.\n10.15.4. In connection with this Agreement, and any instrument, agreement or document relating hereto or thereto, and in exercising or failing to exercise all or any of the powers conferred upon the Equityholder Representative hereunder, (i) the Equityholder Representative shall incur no responsibility or liability whatsoever to any of the Equityholders by reason of any error in judgment or other act or omission performed or omitted hereunder or any such other agreement, instrument or document, excepting only responsibility for any act or failure to act which represents gross negligence or willful misconduct, (ii) the Equityholder Representative shall not be liable to the Equityholders for any apportionment or distribution of payments made by the Equityholder Representative in good faith, and (iii) the Equityholder Representative shall be entitled to rely on the advice of counsel, public accountants or other independent experts experienced in the matter at issue, and any error in judgment or other act or omission of the Equityholder Representative pursuant to such advice shall in no event subject the Equityholder Representative to liability to any of the Equityholders.\n10.15.5. Each Equityholder shall indemnify, defend and hold harmless the Equityholder Representative from and against any and all losses, liabilities, damages, claims, penalties, fines, forfeitures, actions, fees, costs and expenses (including the fees and expenses of counsel and experts and their staffs and all expense of document location, duplication and shipment) (collectively, \u201cRepresentative Expenses\u201d) arising out of or in connection with the Equityholder Representative\u2019s execution and performance of this Agreement and the agreements ancillary hereto, in each case as such Representative Expense is suffered or incurred; provided, that in the event that any such Representative Expense is finally adjudicated to have been directly caused by the gross negligence or willful misconduct of the Equityholder Representative, the Equityholder Representative will reimburse the Equityholders the amount of such indemnified Representative Expense to the extent attributable to such gross negligence or willful misconduct. If not paid directly to the Equityholder Representative by the Equityholders, any such Representative Expenses may be recovered by the Equityholder Representative from (i) the Representative Fund Amount, (ii) any funds from the Escrow Amount at such time as remaining amounts would otherwise be distributable to the Equityholders; provided, that while this section allows the Equityholder Representative to be paid from the Representative Fund Amount and the Escrow Amount, this does not relieve the Equityholders from their obligation to promptly pay such Representative Expenses as they are suffered or incurred, nor does it prevent the Equityholder Representative from seeking any remedies available to it at law or otherwise. In no event will the Equityholder Representative be required to advance its own funds on behalf of the Equityholders or otherwise. Any restrictions or limitations on indemnity or liability set forth elsewhere in this Agreement are not intended to be applicable to the indemnities provided to the Equityholder Representative in this paragraph. The foregoing indemnities will survive the Closing, the resignation or removal of the Equityholder Representative or the termination of this Agreement.\n10.15.6. The Equityholder Representative may be removed at any time by written consent of a majority-in-interest of the Equityholders. In the event that the Equityholder Representative becomes unable or unwilling to continue in its capacity as Equityholder Representative, or if the Equityholder Representative resigns as the Equityholder Representative, a majority-in-interest of the Equityholders may, by written consent, appoint a new representative as the Equityholder Representative. Notice and a copy of any written consent removing such existing representative or appointing such new representative and bearing the signatures of a majority-in-interest of the Equityholders must be delivered to Parent and, if applicable, the Escrow Agent and Payments Administrator. Such removal or appointment will be effective upon the later of the date indicated in the consent or the date such consent is received by Parent and, if applicable, the Escrow Agent and Payments Administrator. For the purposes of this Section 10.15, a \u201cmajority-in-interest of the Equityholders\u201d means Equityholders representing in the aggregate a Pro Rata Share of greater than 50%.\n10.15.7. Following the Closing, any payments to be made to the Stockholders at any time that the Payments Agreement is not in effect shall be made to such Stockholders as directed by the Equityholder Representative.\n10.15.8. Notwithstanding anything to the contrary contained in this Agreement or any Escrow Agreement, no Equityholder shall have any right to, or any interest or claim relating to the Escrow Amount or Representative Fund unless and until it has been finally determined in accordance with the terms and conditions of this Agreement or the Escrow Agreement that such funds or other property are to be distributed to such Equityholder in accordance with the terms and conditions of this Agreement or the Escrow Agreement, as applicable.", "hash": "737436803d279c8f2a58ab971b5b172c", "id": 3}, {"samples": [{"hash": "8szB3DMuFii", "uri": "/contracts/8szB3DMuFii#equityholder-representative", "label": "Joinder and Release Agreement (KKR Fund Holdings L.P.)", "score": 26.5509929657, "published": true}, {"hash": "1NWfViLF38Q", "uri": "/contracts/1NWfViLF38Q#equityholder-representative", "label": "Joinder and Release Agreement (Entellus Medical Inc)", "score": 26.5126628876, "published": true}], "size": 2, "snippet_links": [{"key": "company-holder", "type": "definition", "offset": [4, 18]}, {"key": "agrees-to", "type": "clause", "offset": [26, 35]}, {"key": "appointment-of", "type": "clause", "offset": [40, 54]}, {"key": "agent-and-attorney", "type": "clause", "offset": [160, 178]}, {"key": "to-act", "type": "definition", "offset": [188, 194]}, {"key": "of-the-company", "type": "clause", "offset": [224, 238]}, {"key": "in-connection-with", "type": "clause", "offset": [246, 264]}, {"key": "transactions-contemplated", "type": "clause", "offset": [269, 294]}, {"key": "the-merger-agreement", "type": "clause", "offset": [298, 318]}, {"key": "in-accordance-with", "type": "clause", "offset": [320, 338]}, {"key": "the-terms-and-provisions", "type": "clause", "offset": [339, 363]}], "snippet": "The Company Holder hereby agrees to the appointment of Fortis Advisors LLC as the Equityholder Representative and as his, her or its true, exclusive and lawful agent and attorney-in-fact, to act in the name, place and stead of the Company Holder in connection with the transactions contemplated by the Merger Agreement, in accordance with the terms and provisions Section 10.1 of the Merger Agreement.", "hash": "3e23d9aa3aaae39972f50482a4f1ebf3", "id": 4}, {"samples": [{"hash": "g5lgpXGKYGc", "uri": "/contracts/g5lgpXGKYGc#equityholder-representative", "label": "Unit and Stock Purchase Agreement (Ducommun Inc /De/)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "buyer-shall", "type": "clause", "offset": [0, 11]}, {"key": "written-instrument", "type": "definition", "offset": [42, 60]}, {"key": "executed-by", "type": "definition", "offset": [74, 85]}, {"key": "binding-upon", "type": "clause", "offset": [131, 143]}, {"key": "with-respect-to", "type": "clause", "offset": [169, 184]}, {"key": "in-addition", "type": "clause", "offset": [228, 239]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [250, 277]}, {"key": "the-future", "type": "clause", "offset": [398, 408]}, {"key": "action-or-inaction", "type": "clause", "offset": [458, 476]}, {"key": "in-connection-with", "type": "clause", "offset": [531, 549]}, {"key": "except-to-the-extent", "type": "clause", "offset": [582, 602]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [658, 689]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [704, 742]}, {"key": "to-buyer", "type": "definition", "offset": [805, 813]}, {"key": "any-loss", "type": "definition", "offset": [835, 843]}, {"key": "the-gross", "type": "clause", "offset": [878, 887]}, {"key": "in-his-capacity-as", "type": "clause", "offset": [963, 981]}, {"key": "nothing-in-this-section", "type": "clause", "offset": [1013, 1036]}, {"key": "the-obligations", "type": "clause", "offset": [1079, 1094]}, {"key": "liability-and-remedies", "type": "clause", "offset": [1115, 1137]}], "snippet": "Buyer shall be permitted to rely upon any written instrument or documents executed by the Equityholder Representative as valid and binding upon all of the Equityholders with respect to the matters set forth in Section 11.18(a). In addition, by their execution of this Agreement, the Equityholders shall be deemed to have waived any claims they may have or assert, including those that may arise in the future, against the Equityholder Representative for any action or inaction taken or not taken by the Equityholder Representative in connection with such Person's capacity as such, except to the extent that such action or inaction shall have been held by a court of competent jurisdiction to constitute gross negligence or willful misconduct. The Equityholder Representative shall not have any liability to Buyer unless Buyer suffers any loss, damage or expense as a result of the gross negligence or willful misconduct of such Equityholder Representative, each in his capacity as such, it being understood that nothing in this Section 11.18(b) shall be deemed to modify any of the obligations, limitations on the liability and remedies of any of the Equityholders or the Equityholder Representative (in any other capacity) set forth in Article X.", "hash": "24a13c2980e0d099ff87df8c785fc4c8", "id": 5}, {"samples": [{"hash": "ih32aeK1HZI", "uri": "/contracts/ih32aeK1HZI#equityholder-representative", "label": "Merger Agreement (TransDigm Group INC)", "score": 27.3983573914, "published": true}], "size": 1, "snippet_links": [{"key": "agreement-by-the-company", "type": "clause", "offset": [51, 75]}, {"key": "further-action", "type": "clause", "offset": [104, 118]}, {"key": "company-stockholder", "type": "definition", "offset": [126, 145]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [260, 287]}, {"key": "agent-and-attorney", "type": "clause", "offset": [327, 345]}, {"key": "for-and-on-behalf-of", "type": "clause", "offset": [386, 406]}, {"key": "power-of-substitution", "type": "clause", "offset": [464, 485]}, {"key": "to-act", "type": "definition", "offset": [487, 493]}, {"key": "to-this-agreement", "type": "clause", "offset": [557, 574]}, {"key": "the-escrow-agreement", "type": "clause", "offset": [579, 599]}, {"key": "all-actions", "type": "definition", "offset": [661, 672]}, {"key": "agreement-or", "type": "definition", "offset": [785, 797]}, {"key": "right-to-pursue", "type": "clause", "offset": [876, 891]}, {"key": "company-indemnified-party", "type": "definition", "offset": [919, 944]}, {"key": "in-respect-of", "type": "definition", "offset": [945, 958]}, {"key": "company-indemnified-parties", "type": "clause", "offset": [981, 1008]}, {"key": "section-66", "type": "clause", "offset": [1015, 1026]}, {"key": "power-of-attorney-granted", "type": "clause", "offset": [1033, 1058]}, {"key": "coupled-with-an-interest", "type": "clause", "offset": [1083, 1107]}, {"key": "death-or-incapacity", "type": "clause", "offset": [1202, 1221]}, {"key": "holders-of", "type": "clause", "offset": [1278, 1288]}, {"key": "a-majority-in-interest", "type": "clause", "offset": [1289, 1311]}, {"key": "representative-fund", "type": "definition", "offset": [1319, 1338]}, {"key": "from-time-to-time", "type": "clause", "offset": [1339, 1356]}, {"key": "no-bond", "type": "clause", "offset": [1469, 1476]}, {"key": "compensation-for", "type": "clause", "offset": [1584, 1600]}], "snippet": "(a) Appointment. By virtue of the adoption of this Agreement by the Company\u2019s stockholders, and without further action of any Company stockholder, each Equityholder shall be deemed to have irrevocably constituted and appointed \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Capital PEP L.P. (and by execution of this Agreement it hereby accepts such appointment) as agent and attorney-in-fact (\u201cEquityholder Representative\u201d) for and on behalf of the Equityholders (in their capacity as such), with full power of substitution, to act in the name, place and stead of each Equityholder with respect to this Agreement and the Escrow Agreement and the taking by the Equityholder Representative of any and all actions and the making of any decisions required or permitted to be taken by the Equityholder Representative under this Agreement or the Escrow Agreement (it being understood that the Equityholder shall have no right to pursue any claim on behalf of any Company Indemnified Party in respect of the rights granted to Company Indemnified Parties under Section 6.6). The power of attorney granted in this Section 10.1 is coupled with an interest and is irrevocable, may be delegated by the Equityholder Representative and shall survive the death or incapacity of each Equityholder. Such agency may be changed by the holders of a majority in interest of the Representative Fund from time to time, and any such successor shall succeed the Equityholder Representative as Equityholder Representative hereunder. No bond shall be required of the Equityholder Representative, and the Equityholder Representative shall receive no compensation for its services.", "hash": "b5382be6dc9ecd74b433fd1f6bb908c9", "id": 6}, {"samples": [{"hash": "kjursyMWZga", "uri": "/contracts/kjursyMWZga#equityholder-representative", "label": "Agreement and Plan of Merger (Formfactor Inc)", "score": 23.8364143372, "published": true}], "size": 1, "snippet_links": [], "snippet": "Section 11.01.", "hash": "2d2befea04df86c291226c65357354e5", "id": 7}, {"samples": [{"hash": "g5lgpXGKYGc", "uri": "/contracts/g5lgpXGKYGc#equityholder-representative", "label": "Unit and Stock Purchase Agreement (Ducommun Inc /De/)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "successor-appointed", "type": "clause", "offset": [196, 215]}, {"key": "pursuant-to-section", "type": "definition", "offset": [216, 235]}, {"key": "power-of-substitution", "type": "clause", "offset": [295, 316]}, {"key": "agent-and-attorney", "type": "clause", "offset": [356, 374]}, {"key": "full-power-and-authority", "type": "clause", "offset": [388, 412]}, {"key": "sole-discretion", "type": "definition", "offset": [554, 569]}, {"key": "in-connection-with", "type": "clause", "offset": [600, 618]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [650, 675]}, {"key": "third-party-claim", "type": "definition", "offset": [683, 700]}, {"key": "with-respect-to", "type": "clause", "offset": [818, 833]}, {"key": "liability-of", "type": "clause", "offset": [838, 850]}, {"key": "taxes-payable", "type": "definition", "offset": [861, 874]}, {"key": "by-newco", "type": "clause", "offset": [875, 883]}, {"key": "the-execution", "type": "clause", "offset": [895, 908]}, {"key": "agreements-and-releases", "type": "clause", "offset": [927, 950]}, {"key": "for-and-on-behalf-of", "type": "clause", "offset": [951, 971]}, {"key": "statement-of", "type": "clause", "offset": [1176, 1188]}, {"key": "tangible-net-book-value", "type": "definition", "offset": [1189, 1212]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1440, 1465]}, {"key": "public-offices", "type": "clause", "offset": [1620, 1634]}, {"key": "other-instruments", "type": "definition", "offset": [1667, 1684]}, {"key": "exercise-of", "type": "clause", "offset": [1836, 1847]}, {"key": "carlyle-partners", "type": "definition", "offset": [1924, 1940]}, {"key": "agreement-or", "type": "definition", "offset": [2261, 2273]}, {"key": "including-without-limitation", "type": "clause", "offset": [2322, 2350]}, {"key": "action-required", "type": "definition", "offset": [2355, 2370]}, {"key": "newco-shareholders", "type": "definition", "offset": [2403, 2421]}, {"key": "other-matter", "type": "clause", "offset": [2480, 2492]}, {"key": "at-the-closing", "type": "definition", "offset": [2560, 2574]}, {"key": "all-transactions", "type": "clause", "offset": [2598, 2614]}, {"key": "contemplated-hereby", "type": "clause", "offset": [2615, 2634]}, {"key": "closing-certificates", "type": "definition", "offset": [2694, 2714]}, {"key": "side-letters", "type": "clause", "offset": [2720, 2732]}, {"key": "and-agreements", "type": "definition", "offset": [2733, 2747]}, {"key": "waivers-of-this-agreement", "type": "clause", "offset": [2756, 2781]}, {"key": "agreements-contemplated", "type": "clause", "offset": [2789, 2812]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [2906, 2924]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [4065, 4105]}, {"key": "in-the-aggregate", "type": "definition", "offset": [4246, 4262]}, {"key": "the-documents", "type": "clause", "offset": [4334, 4347]}, {"key": "in-his-capacity-as", "type": "clause", "offset": [4364, 4382]}, {"key": "equal-treatment", "type": "clause", "offset": [4459, 4474]}, {"key": "except-to-the-extent", "type": "clause", "offset": [4476, 4496]}, {"key": "rights-and-interests", "type": "definition", "offset": [4544, 4564]}, {"key": "selling-members", "type": "definition", "offset": [4572, 4587]}, {"key": "a-class", "type": "definition", "offset": [4654, 4661]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [4676, 4703]}, {"key": "agreed-that", "type": "clause", "offset": [4747, 4758]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4767, 4793]}, {"key": "and-coupled-with-an-interest", "type": "clause", "offset": [4847, 4875]}, {"key": "affected-by", "type": "definition", "offset": [4905, 4916]}, {"key": "dissolution-or-bankruptcy", "type": "clause", "offset": [4977, 5002]}, {"key": "personal-representatives", "type": "definition", "offset": [5108, 5132]}, {"key": "rights-or-remedies", "type": "clause", "offset": [5179, 5197]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [5243, 5290]}, {"key": "remedy-at-law", "type": "clause", "offset": [5301, 5314]}, {"key": "breach-of-the", "type": "clause", "offset": [5323, 5336]}, {"key": "injunctive-relief", "type": "definition", "offset": [5459, 5476]}, {"key": "agreement-to", "type": "clause", "offset": [5637, 5649]}, {"key": "rights-of-the", "type": "clause", "offset": [5731, 5744]}, {"key": "actions-by", "type": "clause", "offset": [5788, 5798]}, {"key": "binding-upon", "type": "clause", "offset": [5840, 5852]}, {"key": "right-to-object-to", "type": "clause", "offset": [5972, 5990]}, {"key": "buyer-shall", "type": "clause", "offset": [6045, 6056]}, {"key": "authority-of-the", "type": "clause", "offset": [6145, 6161]}], "snippet": "(a) By execution hereof, each Equityholder appoints and designates Jon \u2587. \u2587\u2587tl\u2587\u2587 \u2587\u2587 its, his or her representative under this Agreement (hereafter referred to, in such capacity, together with any successor appointed pursuant to Section 11.18(e), as the \"Equityholder Representative\"), with full power of substitution as such Equityholder's true and lawful agent and attorney-in-fact with full power and authority in such Equityholder's name, place and stead (i) to execute such documents and take such actions as such Equityholder Representative, in his sole discretion, deems necessary or advisable in connection with investigating or defending any claim for indemnification or any third party claim for which indemnification is sought hereunder, other than claims brought under Sections 3.1 and 3.2 hereof or claims with respect to any Liability of Newco for Taxes payable by Newco, including the execution of any settlement agreements and releases for and on behalf of the Equityholders, (ii) to execute such documents and take such actions as such Equityholder Representative, in his sole discretion, deems necessary or advisable in connection with the preparation of the Statement of Tangible Net Book Value and the resolution of any dispute relating thereto, (iii) to execute such documents and take such actions as such Equityholder Representative, in his sole discretion deems necessary or advisable in connection with carrying out the provisions of Section 6.10 hereof except with respect to Newco and Taxes payable by it, and (iv) to execute, swear to, acknowledge, deliver, file and record in the appropriate public offices all certificates, documents and other instruments (including, without limitation, this Agreement and any amendments thereto) which the Equityholder Representative deems appropriate or necessary in the exercise of his authority above. By execution hereof, each Newco Shareholder other than Carlyle Partners 70 72 II, L.P. appoints and designates Carlyle Partners II, L.P., with full power of substitution as such Newco Shareholder's true and lawful agent and attorney-in-fact with full power and authority in such Newco Shareholder's name, place and stead to: (A) negotiate, determine and settle all matters arising under this Agreement or in connection with any document related hereto, including without limitation any action required or permitted to be taken by the Newco Shareholders or any of them under, or the resolution of any dispute or other matter arising under this Agreement; (B) represent each Newco Shareholder at the Closing and in connection with all transactions contemplated hereby; and (C) execute, on behalf of such Newco Shareholder, any closing certificates, any side letters and agreements and any waivers of this Agreement or any agreements contemplated hereby which Carlyle Partners II, L.P., in its sole discretion, deems necessary or advisable for the purpose of effectuating the transactions contemplated hereby. By execution hereof, each Equityholder other than the Newco Shareholders further appoints and designates the Equityholder Representative, with full power of substitution as such Equityholder's true and lawful agent and attorney-in-fact with full power and authority in such Equityholder's name, place and stead to: (A) negotiate, determine and settle all matters arising under this Agreement or in connection with any document related hereto, including without limitation any action required or permitted to be taken by the Equityholders or any of them under, or the resolution of any dispute or other matter arising under this Agreement; (B) represent each Equityholder at the Closing and in connection with all transactions contemplated hereby; and (C) execute, on behalf of such Equityholder, any closing certificates, any side letters and agreements and any waivers of this Agreement or any agreements contemplated hereby which such Equityholder Representative, in his sole discretion, deems necessary or advisable for the purpose of effectuating the transactions contemplated hereby. Notwithstanding anything to the contrary herein, however, the Equityholder Representative shall not have the power to take any action or actions which would require payments which, in the aggregate, exceed $5,000,000 other than those contemplated by this Agreement and the documents related hereto. In his capacity as such, the Equityholder Representative shall accord all of the Equityholders equal treatment, except to the extent otherwise appropriate to reflect the differing rights and interests of the Selling Members, the Newco Shareholders and the Optionholders, each considered as a class.\n(b) By their execution of this Agreement, the Equityholders shall be deemed to have agreed that (i) the provisions of this Section 11.18 are independent and severable, are irrevocable and coupled with an interest and shall survive and not be affected by the subsequent death, incompetency, disability, incapacity, dissolution or bankruptcy of such Equityholder and shall extend to such Equityholder's heirs, transferees, successors, assigns and personal representatives, and shall be enforceable notwithstanding any rights or remedies any Equityholder may have in connection with the transactions contemplated by this Agreement, (ii) the remedy at law for any breach of the provisions of this Section 11.18 would be inadequate, (iii) any Equityholder shall be entitled to temporary and permanent injunctive relief without the necessity of proving damages if such Equityholder brings an action to enforce the provisions of this Section 11.18, and (iv) any references in this Agreement to an Equityholder or the Equityholders shall mean and include the successor to the rights of the Equityholders hereunder. All decisions and actions by the Equityholder Representative shall be binding upon all of the Equityholders with respect to the matters set forth in Section 11.18(a), and no Equityholder shall have the right to object to, dissent from, protest or otherwise contest the same. 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[3686, 3697]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [3774, 3814]}, {"key": "arising-out-of", "type": "definition", "offset": [3833, 3847]}, {"key": "right-to-object-to", "type": "clause", "offset": [3852, 3870]}, {"key": "any-action", "type": "definition", "offset": [3872, 3882]}], "snippet": "(a) \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 is hereby appointed and designated representative and agent of the Company, each of the Equityholders and each of their respective heirs, successors and assigns (\u201cEquityholder Representative\u201d) for purposes of exercising on their behalf any and all of their respective rights and obligations under this Agreement and any other Transaction Documents, including by way of example and not limitation: (i) executing and delivering amendments to, and waivers of, this Agreement and any other Transaction Documents; (ii) administering the determination of the Closing Shares Merger Consideration and the Post-Closing Shares Merger Consideration pursuant to Sections 1.6(c) and (d); (iii) administering the NWC adjustment process under Section 1.9; (iv) taking actions with respect to any indemnification claims under Article IX; (v) giving and receiving notices under this Agreement and any other Transaction Documents, with any notice provided by the Purchaser to the Equityholder Representative hereunder being deemed to constitute notice to the Company and each of the Equityholders; and (vi) performing such other functions under this Agreement and any other Transaction Documents as the Equityholder Representative may determine to be necessary or desirable, in each case in his sole and absolute discretion.\n(b) The appointment by the Company and each of the Equityholders of the Equityholder Representative to his role as such hereunder shall include a binding power of attorney to execute and deliver documents under this Agreement and the other Transaction Documents in the name of and on behalf of the Company or such Equityholder (as applicable), which shall be deemed coupled with an interest and shall survive the termination, dissolution or insolvency of the Company or the death, disability or insolvency of such Equityholder (as applicable).\n(c) The Equityholder Representative may, in his sole and absolute discretion, retain such attorneys, accountants and other professional advisors as he may determine to be necessary or advisable to assist him with his duties under this Agreement in his capacity as such, the fees and expenses of which shall be borne pro rata by the Equityholders in accordance with their respective Pro Rata Shares in the Company.\n(d) In the event of the resignation by \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 from his position as the Equityholder Representative or his death or permanent disability, \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 or his heirs, successors or legal representatives (as applicable) and the Equityholders shall promptly (and in any event within thirty (30) days) thereafter designate and appoint a replacement Equityholder Representative and, upon such designation and appointment, such replacement Equityholder Representative shall have all of the powers, authority, rights and privileges conferred by this Agreement upon the original Equityholder Representative and all references herein to the \u201cEquityholder Representative\u201d shall be deemed to refer to such replacement Equityholder Representative. In the event of the failure by \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 or his heirs, successors or legal representatives and the Equityholders to appoint a replacement Equityholder Representative within such time period, a replacement Equityholder Representative shall be promptly appointed by Equityholders collectively representing a majority of Pro Rata Shares of the Equityholders, including for the avoidance of doubt any non-voting Equity Interests.\n(e) The Purchaser shall, at all times without any further act or inquiry, have the right to rely on any act, decision, consent or instruction of, or instrument or other writing executed by, the Equityholder Representative as the final and binding act of the Company and each of the Equityholders, each of which by its or their execution and delivery of this Agreement, waives any claim arising out of, or right to object to, any action so taken by the Equityholder Representative.", "hash": "584f675dc87963f936cd485ffbb2a444", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiRlcXVpdHlob2xkZXItcmVwcmVzZW50YXRpdmUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 49, "children": [["reliance", "Reliance"], ["authority", "Authority"], ["no-liability", "No Liability"], ["replacement", "Replacement"], ["appointment", "Appointment"]], "parents": [["miscellaneous", "Miscellaneous"], ["general-provisions", "General Provisions"], ["effect-of-termination", "Effect of Termination"], ["equityholder-representative", "Equityholder Representative"], ["conversion-of-securities-exchange-of-certificates", "Conversion of Securities Exchange of Certificates"]], "title": "Equityholder Representative", "id": "equityholder-representative", "related": [["shareholder-representative", "Shareholder Representative", "Shareholder Representative"], ["stockholder-representative", "Stockholder Representative", "Stockholder Representative"], ["stockholders-representative", "Stockholders\u2019 Representative", "Stockholders\u2019 Representative"], ["seller-representative", "Seller Representative", "Seller Representative"], ["shareholders-representative", "Shareholders\u2019 Representative", "Shareholders\u2019 Representative"]], "related_snippets": [], "updated": "2025-07-25T05:44:14+00:00", "also_ask": ["What powers and limitations should be expressly granted to the Equityholder Representative?", "How can the clause address potential conflicts of interest between the Representative and equityholders?", "What mechanisms ensure the Representative\u2019s decisions are binding and enforceable in court?", "How does this clause compare to similar provisions in recent M&A transactions?", "What are the key risks if the Representative resigns, is incapacitated, or acts outside their authority?"], "drafting_tip": "Specify the Equityholder Representative\u2019s authority and duties to prevent disputes; define appointment and removal procedures to ensure continuity; clarify communication obligations to facilitate effective coordination.", "explanation": "The Equityholder Representative clause designates an individual or entity to act on behalf of all equityholders in connection with certain post-closing matters of a transaction, such as handling indemnification claims, disputes, or administrative tasks. This representative is typically empowered to make binding decisions, receive notices, and communicate with the buyer or other parties on behalf of the equityholders. The core function of this clause is to streamline communication and decision-making, ensuring efficiency and consistency by centralizing authority, and thereby preventing delays or complications that could arise from requiring consent or input from multiple equityholders."}, "json": true, "cursor": ""}}