Common use of Proxy of Voting Rights Clause in Contracts

Proxy of Voting Rights. 1.1 Entrusting Party hereby irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights as the shareholders of Party C under the Articles of Association of Party C, including without limitation to: (1) Propose to hold a shareholders’ meeting in accordance with the Articles of Association of Party C and attend shareholders’ meetings of Party C as the agent and attorney of Entrusting Party; (2) Exercise all shareholder’s voting rights with respect to all matters to be discussed and voted in the shareholders’ meeting of Party C, including but not limited to designate and appoint the director, the chief executive officer and other senior management members of Party C; (3) Exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and (4) Exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time. 1. Except the aforesaid situation, the proxy shall be irrevocable and continuously valid. 1.2 The Entrusting Party hereby acknowledges and ratify all the actions associated with the proxy conducted by the Designee. 1.3 The Parties hereby confirm that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

Appears in 4 contracts

Samples: Voting Rights Proxy and Financial Supporting Agreement (E-Home Household Service Holdings LTD), Voting Rights Proxy and Financial Supporting Agreement (E-Home Household Service Holdings LTD), Voting Rights Proxy and Financial Supporting Agreement (E-Home Household Service Holdings LTD)

AutoNDA by SimpleDocs

Proxy of Voting Rights. 1.1 Entrusting Party hereby irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights as the shareholders of Party C under the Articles of Association of Party C, including without limitation to: (1) Propose propose to hold a shareholders’ meeting in accordance with the Articles of Association of Party C and attend shareholders’ meetings of Party C as the agent and attorney of Entrusting Party; (2) Exercise exercise all shareholder’s voting rights with respect to all matters to be discussed and voted in the shareholders’ meeting of Party C, including but not limited to designate and appoint the director, the chief executive officer and other senior management members of Party C; (3) Exercise exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and (4) Exercise exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time.; 1. Except the aforesaid situation, the proxy shall be irrevocable and continuously valid. 1.2 The Entrusting Party hereby acknowledges and ratify all the actions associated with the proxy conducted by the Designee. 1.3 The Parties hereby confirm that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

Appears in 3 contracts

Samples: Voting Rights Proxy and Financial Supporting Agreement (Hywin Holdings Ltd.), Voting Rights Proxy and Financial Supporting Agreement (Hywin Holdings Ltd.), Voting Rights Proxy and Financial Supporting Agreement (Hywin Holdings Ltd.)

Proxy of Voting Rights. 1.1 Entrusting Party hereby irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights as the shareholders of Party C under the Articles of Association of Party CC (hereinafter collectively referred to as “Proxy Rights”), including without limitation to: (1) Propose propose to hold a shareholders' meeting in accordance with the Articles of Association of Party C and attend shareholders' meetings of Party C as the agent and attorney of Entrusting Party; (2) Exercise exercise all shareholder’s 's voting rights with respect to all matters to be discussed and voted in the shareholders’ meeting of Party C, including but not limited to designate and appoint the director, the chief executive officer and other senior management members of Party C; (3) Exercise exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and (4) Exercise exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time. 1; Party B hereby agrees to accept such proxy as set forth in Section 1.1. Upon receipt of the written notice of change of Designee from Party B, the Entrusting Party shall immediately entrust such person to exercise the rights set forth in Section 1.1. Except the aforesaid situation, the proxy shall be irrevocable and continuously valid. 1.2 The Entrusting Party hereby acknowledges and ratify all the actions associated with the proxy conducted by the Designee. 1.3 The Parties hereby confirm that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

Appears in 2 contracts

Samples: Voting Rights Proxy Agreement (SSLJ. COM LTD), Voting Rights Proxy Agreement (SSLJ. COM LTD)

Proxy of Voting Rights. 1.1 Entrusting Party hereby irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights as the shareholders of Party C under the Articles of Association of Party C, including without limitation to: (1) Propose propose to hold a shareholders' meeting in accordance with the Articles of Association of Party C and attend shareholders' meetings of Party C as the agent and attorney of Entrusting Party; (2) Exercise exercise all shareholder’s 's voting rights with respect to all matters to be discussed and voted in the shareholders’ meeting of Party C, including but not limited to designate and appoint the director, the chief executive officer and other senior management members of Party C; (3) Exercise exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and (4) Exercise exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time.; 1. Except the aforesaid situation, the proxy shall be irrevocable and continuously valid. 1.2 The Entrusting Party hereby acknowledges and ratify all the actions associated with the proxy conducted by the Designee. 1.3 The Parties hereby confirm that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

Appears in 2 contracts

Samples: Voting Rights Proxy and Financial Supporting Agreement (China Xiangtai Food Co., Ltd.), Voting Rights Proxy and Financial Supporting Agreement (China Xiangtai Food Co., Ltd.)

AutoNDA by SimpleDocs

Proxy of Voting Rights. 1.1 Entrusting Party hereby irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights as the shareholders of Party C under the Articles of Association of Party C, including without limitation to: (1a) Propose to hold a shareholders’ meeting in accordance with the Articles of Association of Party C and attend shareholders’ meetings of Target Company as the agent and attorney of Entrusting Party; b) exercise all shareholder’s voting rights and voting rights pursuant to applicable laws and articles of association of the Target Company, including but not limited to sell, transfer, pledge or dispose of all or any part of equity interest of the company; c) designate and appoint the legal representative (Chairperson), director, supervisor, general manager and other senior management members of Party C as the agent and attorney of Entrusting Party; (2) Exercise all shareholder’s voting rights with respect Party and represent Entrusting Party to all vote the matters to be discussed and voted or resolved in the shareholders’ meeting of Party Cshareholders meeting, including but not limited to designate without limitation, the designation and appoint the election of director, the chief executive officer general manager and other senior management members of Party C;manager who shall be appointed or removed by the shareholders; and (3d) Exercise exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and (4) Exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time. 1. Except the aforesaid situation, the proxy shall be irrevocable and continuously valid. 1.2 The Entrusting Party hereby acknowledges and ratify ratifies all the actions associated with the proxy conducted by the Designee. 1.3 The Parties hereby confirm that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

Appears in 2 contracts

Samples: Shareholders Voting Proxy Agreement (EHang Holdings LTD), Shareholders Voting Proxy Agreement (EHang Holdings LTD)

Proxy of Voting Rights. 1.1 Entrusting Party hereby irrevocably covenants that, he/she shall execute the Power of Attorney (“POA”) set forth in Exhibit A upon signing this Agreement and entrust Party B or Party B’s designee (“Designee”) to exercise all his or her rights (“Proxy Rights”) as the shareholders of Party C under the Articles of Association of Party C, including without limitation to: (1) Propose propose to hold a shareholders’ meeting in accordance with the Articles of Association of Party C and attend shareholders’ meetings of Party C as the agent and attorney of Entrusting Party; (2) Exercise exercise all shareholder’s voting rights with respect to all matters to be discussed and voted in the shareholders’ meeting of Party C, including but not limited to designate and appoint the director, the chief executive officer and other senior management members of Party C; (3) Exercise exercise other voting rights the shareholders are entitled to under the laws of China promulgated from time to time; and (4) Exercise exercise other voting rights the shareholders are entitled to under the Articles of Association of Party C amended from time to time. 1. Except the aforesaid situation, the proxy shall be irrevocable and continuously valid. 1.2 The Entrusting Party hereby acknowledges and ratify all the actions associated with the proxy conducted by the Designee. 1.3 The Parties hereby confirm that, Designee is entitled to exercise all proxy rights without the consent of Entrusting Party.

Appears in 1 contract

Samples: Voting Rights Proxy and Financial Supporting Agreement (Hywin Holdings Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!