Common use of Purchaser Appointed as Attorney Clause in Contracts

Purchaser Appointed as Attorney. Each Shareholder hereby appoints, in the event that such Shareholder is a vendor of Shares hereunder, each other Shareholder who may from time to time be a purchaser of Shares hereunder, as the vendor's attorney, with full power of substitution, in the name of the vendor but on behalf of and at the expense of the purchaser, to execute and deliver all deeds, transfers, assignments and assurances necessary to effectively transfer the interest being sold to the purchaser or its nominees. Such appointment, being coupled with an interest, is irrevocable by each Shareholder and shall not be revoked by the insolvency, bankruptcy, death, incapacity, dissolution, liquidation or other termination of the existence of such Shareholder and each Shareholder agrees to ratify and confirm all that a purchaser may reasonably do or cause to be done pursuant to the foregoing. Each Shareholder consents to any transfer of Shares made pursuant to the foregoing.

Appears in 2 contracts

Samples: Shareholder Agreement (Hostopia.com Inc.), Shareholder Agreement (Hostopia.com Inc.)

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Purchaser Appointed as Attorney. Each Shareholder hereby appoints, in the event that such Shareholder is a vendor of Shares Securities or Shareholder Debt hereunder, each the other Shareholder who may from time to time be a purchaser of Shares Securities or Shareholder Debt hereunder, as the vendor's ’s attorney, with full power of substitution, in the name of the vendor but on behalf of and at the expense of the purchaser, to execute and deliver all deeds, transfers, assignments and assurances necessary to effectively transfer the interest being sold to the purchaser or its nominees. Such appointment, being coupled with an interest, is irrevocable by each Shareholder and shall not be revoked by the insolvency, bankruptcy, death, incapacity, dissolution, liquidation or other termination of the existence of such Shareholder and each Shareholder agrees to ratify and confirm all that a purchaser may reasonably do or cause to be done pursuant to the foregoing. Each Shareholder consents to any transfer of Shares made pursuant to the foregoing.

Appears in 1 contract

Samples: Unanimous Shareholders Agreement

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Purchaser Appointed as Attorney. Each Shareholder hereby appoints, in the event that such Shareholder is a vendor of Shares or Shareholder Debt hereunder, each other Shareholder who may from time to time be a purchaser of Shares or Shareholder Debt hereunder, as the vendor's ’s attorney, with full power of substitution, in the name of the vendor but and on behalf of and at the expense vendor, to vote all of the purchaservotes of the vendor, and to execute and deliver all deeds, transfers, assignments and assurances necessary to effectively transfer Transfer the interest being sold to the purchaser or its nominees. Such appointment, being coupled with an interest, is irrevocable by each Shareholder and shall not be revoked by the insolvency, bankruptcy, death, incapacity, dissolution, liquidation or other termination of the existence of such Shareholder and each Shareholder agrees to ratify and confirm all that a purchaser may reasonably do or cause to be done pursuant to the foregoing. Each Shareholder consents to any transfer Transfer of Shares made pursuant to the foregoing.

Appears in 1 contract

Samples: Unanimous Shareholder Agreement (Sagebrush Gold Ltd.)

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