Common use of Grant of Irrevocable Proxy Coupled with an Interest Clause in Contracts

Grant of Irrevocable Proxy Coupled with an Interest. 3.1. Solely in the event of a failure by Shareholder to act in accordance with his obligations as to voting or executing a written consent pursuant to Section 2.1 of this Agreement, Shareholder hereby revokes any and all other proxies or powers of attorney in respect of any Subject Shares and agrees that during the period commencing on the date hereof and ending on the Expiration Date, Shareholder hereby irrevocably appoints Parent, Merger Sub or any individual designated by Parent or Merger Sub as Shareholder’s agent, attorney-in-fact and proxy (with full power of substitution), for and in the name, place and stead of Shareholder, to vote (or cause to be voted) the Subject Shares held beneficially or of record by Shareholder, in the manner set forth in Section 2.1 hereof, at any meeting of the shareholders of the Company, however called, or in connection with any written consent of the shareholders of the Company.

Appears in 17 contracts

Samples: Voting Agreement (MLE Holdings, Inc.), Voting Agreement (MLE Holdings, Inc.), Voting Agreement (MLE Holdings, Inc.)

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Grant of Irrevocable Proxy Coupled with an Interest. 3.1. Solely in the event of a failure by Shareholder Stockholder to act in accordance with his obligations as to voting or executing a written consent pursuant to Section 2.1 of this Agreement, Shareholder Stockholder hereby revokes any and all other proxies or powers of attorney in respect of any Subject Shares and agrees that during the period commencing on the date hereof and ending on the Expiration Date, Shareholder Stockholder hereby irrevocably appoints Parent, Merger Sub or any individual designated by Parent or Merger Sub as ShareholderStockholder’s agent, attorney-in-fact and proxy (with full power of substitution), for and in the name, place and stead of ShareholderStockholder, to vote (or cause to be voted) the Subject Shares held beneficially or of record by ShareholderStockholder, in the manner set forth in Section 2.1 hereof2.1, at any meeting of the shareholders stockholders of the Company, however called, or in connection with any written consent of the shareholders stockholders of the Company.

Appears in 3 contracts

Samples: Voting Agreement (Magellan Holdings, Inc.), Voting Agreement (Magellan Holdings, Inc.), Voting Agreement (Magellan Holdings, Inc.)

Grant of Irrevocable Proxy Coupled with an Interest. 3.1. Solely in the event of a failure by Shareholder a Stockholder to act in accordance with his its obligations as to voting or executing a written consent pursuant to Section 2.1 of this Agreement, Shareholder each such Stockholder hereby revokes any and all other proxies or powers of attorney in respect of any Subject Shares and agrees that during the period commencing on the date hereof and ending on the Expiration Date, Shareholder such Stockholder hereby irrevocably appoints Parent, Merger Sub or any individual designated by Parent or Merger Sub as Shareholdersuch Stockholder’s agent, attorney-in-fact and proxy (with full power of substitution), for and in the name, place and stead of Shareholdersuch Stockholder, to vote (or cause to be voted) the Subject Shares held beneficially or of record by Shareholdersuch Stockholder, in the manner set forth in Section 2.1 hereof2.1, at any meeting of the shareholders stockholders of the Company, however called, or in connection with any written consent of the shareholders stockholders of the Company.

Appears in 2 contracts

Samples: Principal Stockholders’ Agreement (Illinois Tool Works Inc), Principal Stockholders’ Agreement (CFC International Inc)

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Grant of Irrevocable Proxy Coupled with an Interest. 3.1. Solely in the event of a failure by Shareholder Stockholder to act in accordance with his Stockholder’s obligations as to voting or executing a written consent pursuant to Section 2.1 of this Agreement, Shareholder Stockholder hereby revokes any and all other proxies or powers of attorney in respect of any Subject Shares and agrees that during the period commencing on the date hereof and ending on the Expiration Datefor so long as this Agreement has not been terminated by its terms, Shareholder Stockholder hereby irrevocably appoints Parent, Merger Sub or any individual designated by Parent or Merger Sub as ShareholderStockholder’s agent, attorney-in-fact and proxy (with full power of substitution), for and in the name, place and stead of ShareholderStockholder, to vote (or cause to be voted) the Subject Shares held beneficially or of record by ShareholderStockholder, in the manner set forth in Section 2.1 hereof2, at any meeting of the shareholders stockholders of the Company, however called, or in connection with any written consent of the shareholders stockholders of the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (SoftBrands, Inc.), Voting Agreement (SoftBrands, Inc.)

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