Common use of IRREVOCABLE; BINDING ON SUCCESSORS, ETC Clause in Contracts

IRREVOCABLE; BINDING ON SUCCESSORS, ETC. It is expressly understood and agreed that the power of attorney and agency created by this Article XIII is coupled with an interest of the respective parties hereto and shall be binding and enforceable on and against the respective heirs, personal representatives, successors and assigns of the Selling Stockholders, and each of them, and the same shall not be revoked or terminated by the death, disability, bankruptcy, or incompetency of the Selling Stockholders, or any of them, but shall continue to be binding and enforceable by the Stockholders' Agent, IDG and Newco, and their respective successors and on and against the heirs, personal representatives, and successors and assigns of the Stockholders in the manner provided herein.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Industrial Distribution Group Inc), Agreement and Plan of Merger and Reorganization (Industrial Distribution Group Inc)

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IRREVOCABLE; BINDING ON SUCCESSORS, ETC. It is expressly understood and agreed that the power of attorney and agency created by this Article XIII is coupled with an interest of the respective parties hereto and shall be binding and enforceable on and against the respective heirs, personal representatives, successors and assigns of the Selling Stockholders, and each of them, and the same shall not be revoked or terminated by the death, disability, bankruptcy, or incompetency of the Selling Stockholders, or any of them, but shall continue to be binding and enforceable by the Stockholders' Agent, IDG and NewcoIDG, and their respective successors and on and against the heirs, personal representatives, and successors and assigns of the Selling Stockholders in the manner provided herein.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Industrial Distribution Group Inc)

IRREVOCABLE; BINDING ON SUCCESSORS, ETC. It is expressly understood and agreed that the power of attorney set forth in this Agreement and the agency created by this Article XIII hereby is coupled with an interest of the respective parties hereto and shall be binding and enforceable on and against the respective successors, heirs, personal representatives, successors and assigns of the Selling Stockholders, Merger Stockholders and each this power of them, and the same attorney shall not be revoked or terminated by the death, disability, bankruptcy, incompetency or incompetency bankruptcy of any of the Selling Merger Stockholders, or any of them, but shall continue to be binding and enforceable by the Stockholders' Agent, IDG and Newco, Parent and their respective successors and assigns and on and against the heirs, personal representatives, and successors and assigns of the Merger Stockholders in the manner provided herein.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Home Director Inc)

IRREVOCABLE; BINDING ON SUCCESSORS, ETC. It is expressly understood and agreed that the power of attorney and agency created by this Article XIII VII is coupled with an interest of the respective parties hereto and shall be binding and enforceable on and against the respective heirs, personal representatives, successors and assigns of the Selling Stockholders, and each of them, and the same shall not be revoked or terminated by the death, disability, bankruptcy, or incompetency of the Selling Stockholders, or any of them, but shall continue to be binding and enforceable by the Stockholders' Agent, IDG Buyer, and Newco, and their respective successors and on and against the heirs, personal representatives, and successors and assigns of the Stockholders in the manner provided herein.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Launch Media Inc)

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IRREVOCABLE; BINDING ON SUCCESSORS, ETC. It is expressly understood and agreed that the power of attorney and agency created by this Article XIII is coupled with an interest of the respective parties hereto and shall be binding and enforceable on and against the respective heirs, personal representatives, successors and assigns of the Selling Stockholders, and each of them, and the same shall not be revoked or terminated by the death, disability, bankruptcy, or incompetency of the Selling Stockholders, or any of them, but shall continue to be binding and enforceable by the Stockholders' Agent, IDG IDG, and Newco, and their respective successors and on and against the heirs, personal representatives, and successors and assigns of the Stockholders in the manner provided herein.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Industrial Distribution Group Inc)

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