Common use of Irrevocable Appointment Clause in Contracts

Irrevocable Appointment. Subject to Section 2.2(i), the appointment of the Shareholders' Representative hereunder is irrevocable and any action taken by the Shareholders' Representative pursuant to the authority granted in this Section 2.2 shall be effective and absolutely binding on each Holder thereof notwithstanding any contrary action of, or direction from any Holder, except for actions taken by the Shareholders' Representative that constitute willful misconduct.

Appears in 2 contracts

Samples: Merger Agreement (Graphon Corp/De), Holder Agreement (Graphon Corp/De)

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Irrevocable Appointment. Subject to Section 2.2(iSections 7.7(h) and 7.7(i), the appointment of the Shareholders' Representative hereunder is irrevocable and any irrevocable. Any action taken by the Shareholders' Representative pursuant to the authority granted in this Section 2.2 7.7 shall be effective and absolutely binding on each Holder thereof notwithstanding any contrary as the action of, or direction from any Holder, except for actions taken by of the Shareholders' Representative that constitute willful misconductunder this Agreement or the Escrow Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Rosetta Stone Inc)

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