Common use of Nature of Irrevocable Proxy Clause in Contracts

Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 by each Shareholder shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such Shareholder. The power of attorney granted by each Shareholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such Shareholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 5 contracts

Samples: Merger Agreement (Ameris Bancorp), Merger Agreement (Abc Bancorp), Merger Agreement (Islands Bancorp)

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Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 by each Shareholder Stockholder shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such ShareholderStockholder. The power of attorney granted by each Shareholder Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such ShareholderStockholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 2 contracts

Samples: Stockholder Voting Agreement (Harrahs Entertainment Inc), Stockholder Voting Agreement (Harrahs Entertainment Inc)

Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 by each Shareholder Stockholder shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such ShareholderStockholder. The power of attorney granted by each Shareholder Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such ShareholderStockholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 2 contracts

Samples: Stockholder Voting Agreement (Dreyers Grand Ice Cream Inc), Stockholder Voting Agreement (Nestle Holdings Inc)

Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 Paragraph 2 by each Shareholder the Affiliate shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such Shareholderthe Affiliate. The power of attorney granted by each Shareholder the Affiliate herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such Shareholderthe Affiliate. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 2 contracts

Samples: Voting Agreement (Double Eagle Petroleum Co), Voting Agreement (Petrosearch Energy Corp)

Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 by each Shareholder Stockholder shall be irrevocable during the term of this AgreementVoting Period, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such ShareholderStockholder. The power of attorney granted by each Shareholder Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such ShareholderStockholder. The proxy and power of attorney granted hereunder shall immediately terminate upon the termination of this AgreementAgreement pursuant to Section 5.1.

Appears in 2 contracts

Samples: Asset Purchase Agreement (National Quality Care Inc), Shareholder Voting Agreement (Xcorporeal, Inc.)

Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 by each Shareholder Stockholder shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such ShareholderStockholder with respect to the subject matter contemplated by Section 2.1. The power of attorney granted by each Shareholder Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such ShareholderStockholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 1 contract

Samples: Stockholders Voting Agreement (Toppan Printing Co LTD /Adr/)

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Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 by each Shareholder Stockholder shall be irrevocable during the term of this AgreementVoting Period, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such Shareholderin accordance with the provisions of Section 212 of the Delaware General Corporation Law, as amended. The power of attorney granted by each Shareholder Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such ShareholderStockholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 1 contract

Samples: Voting Agreement (Spectrum Pharmaceuticals Inc)

Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 1.2 by each Shareholder shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such Shareholder. The power of attorney granted by each Shareholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such Shareholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 1 contract

Samples: Voting Agreement (Kerzner International LTD)

Nature of Irrevocable Proxy. The proxy and power of attorney granted pursuant to Section 2.2 by each Shareholder Stockholder shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such ShareholderStockholder with respect to the subject matter contemplated by Section 2.1. The power of attorney granted by each Shareholder Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of such ShareholderStockholder. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement.

Appears in 1 contract

Samples: Stockholders Voting Agreement (Dupont E I De Nemours & Co)

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