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Common use of Replacement of the Representative Clause in Contracts

Replacement of the Representative. If the Representative resigns or is otherwise unable or unwilling to serve in such capacity, then the Sellers that held a majority of the Company Stock outstanding on the date hereof will appoint a new Person to serve as the Representative and will provide prompt written notice thereof to Buyer. Until such notice is received, Buyer will be entitled to rely on the actions and statements of the previous Representative.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Vishay Precision Group, Inc.), Stock Purchase Agreement (Vishay Precision Group, Inc.)

Replacement of the Representative. If the Representative resigns or is otherwise unable or unwilling to serve in such capacity, then the Sellers that held a majority of the Company Stock outstanding on the date hereof Purchased Securities will appoint a new Person to serve as the Representative and will provide prompt Representative, subject to the Purchaser's advance written notice thereof to Buyerapproval of such replacement, which shall not be unreasonably withheld. Until such notice appointment is receivedeffective, Buyer Purchaser will be entitled to rely on the actions and statements of the previous Representative.

Appears in 1 contract

Samples: Securities Purchase Agreement (Brooks Jonathan)

Replacement of the Representative. If the Representative resigns or is otherwise unable or unwilling to serve in such capacity, then the Sellers that held Payee or Payees entitled to receive a majority of the Company Stock outstanding Merger Consideration on the date hereof will appoint a new Person to serve as the Representative and will provide prompt written notice thereof to Buyer. Until such notice is received, Buyer will be entitled to rely on the actions and statements of the previous Representative.

Appears in 1 contract

Samples: Merger Agreement (Organogenesis Holdings Inc.)