Common use of Nature of Proxy Clause in Contracts

Nature of Proxy. The proxy and power of attorney granted pursuant to Section 3.2 by the 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 all prior proxies granted by the Stockholder. The Stockholder agrees that it will not grant any proxy to any Person that conflicts with the proxy granted by the Stockholder pursuant to Section 3.2, and any attempt to do so shall be void and of no force and effect. The power of attorney granted herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of the Stockholder.

Nature of Proxy. The proxy and power of attorney granted pursuant to Section 3.2 by the Stockholder 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 all prior proxies granted by the Stockholdersuch Shareholder. The Stockholder Each Shareholder agrees that it will not grant any proxy to any Person that conflicts with the proxy granted by the Stockholder such Shareholder pursuant to Section 3.2, and any attempt to do so shall be void and of no force and effect. The power of attorney granted herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of the Stockholdersuch Shareholder.

Nature of Proxy. The proxy and power of attorney granted pursuant to Section 3.2 by the Stockholder 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 all prior proxies granted by the StockholderShareholder. The Stockholder Shareholder agrees that it will not grant any proxy to any Person that conflicts with the proxy granted by the Stockholder Shareholder pursuant to Section 3.2, and any attempt to do so shall be void and of no force and effect. The power of attorney granted herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of the StockholderShareholder.