Common use of Securityholder Agent of the Shareholders; Power of Attorney Clause in Contracts

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholder, Xxxxxxx Xxxxxxxxx shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENT") for each Shareholder (except such shareholders, if any, as shall have perfected their dissenters' rights under the Minnesota Act), for and on behalf of Shareholders, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholders.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Summit Design Inc)

AutoNDA by SimpleDocs

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholdershareholder, Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxx shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Shareholder -------------------- shareholder of the Company (except such shareholders, if any, as shall have perfected their dissenters' rights under the Minnesota ActCalifornia Law), for and on behalf of Shareholdersshareholders of the Company, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders shareholders of the Company from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholdersshareholders of the Company.

Appears in 1 contract

Samples: Affiliate Agreement (Inktomi Corp)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholdershareholder, Xxxxxxx Xxxxxxxxx shall Brucx Xxxxxxxx xxxll be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENT") for each Shareholder shareholder of the Company (except such shareholders, if any, as shall have perfected their dissenters' appraisal rights under the Minnesota Act)Oregon Law, for and on behalf of Shareholdersshareholders of the Company, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders shareholders of the Company from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholdersshareholders of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Niku Corp)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholdershareholder or holder of Assumed Warrants, Xxxxxx Xxxxxxx Xxxxxxxxx shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Shareholder shareholder and holder of Assumed Warrants of the Company (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota ActCalifornia Code), for and on behalf of Shareholdersshareholders of the Company, to give and receive notices and communications, to authorize payment and delivery to Parent of shares of Parent Common Stock cash from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders shareholders of the Company from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. The Securityholder Agent may resign upon not less than thirty (30) days prior written notice to Parent and to all holders of an interest in the Escrow Fund. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholdersshareholders or holder of Assumed Warrants of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sirenza Microdevices Inc)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Company Shareholder, Xxxxxxx Xxxxxxxxx shall Dr. Xxx-Xxx Xxxnx Xxx xxxll be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Company Shareholder (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota ActCalifornia Law), for and on behalf of the Company Shareholders, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Company Shareholders from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Company Shareholders.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cypress Semiconductor Corp /De/)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Company Shareholder, Xxxxxxx Xxxxxxxxx Stexxx Xxxxxxxxx, xr another person reasonable to the Parent and the Company, shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Company Shareholder (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota ActLaw or any other applicable law), for and on behalf of the Company Shareholders, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Company Shareholders from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Company Shareholders.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Digitalthink Inc)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholdershareholder, Xxxxxxx Xxxxxxxxx shall Chrixxxxxxx X. Xxxxxx xxxll be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Shareholder shareholder of the Company (except such shareholders, if any, as shall have perfected their dissenters' rights under the Minnesota ActNew York Law), for and on behalf of Shareholdersshareholders of the Company, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Indemnity Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders shareholders of the Company from time to time upon not less than thirty twenty (3020) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Indemnity Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Indemnity Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholdersshareholders of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Niku Corp)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Company Shareholder, Xxxxxxx Xxxxxxxxx Xxxxxxxx X. Xxxxx shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Company Shareholder (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota ActCalifornia Law), for and on behalf of the Company Shareholders, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Company Shareholders from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Company Shareholders.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Goto Com Inc)

AutoNDA by SimpleDocs

Securityholder Agent of the Shareholders; Power of Attorney. (i) 7.2.7.1 In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholdershareholder, Xxxxxxx Xxxxxxxxx EF Private Equity Partners (Americas) LP shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Shareholder shareholder of Total eMed (except such shareholders, if any, as shall have perfected their dissenters' appraisal rights under the Minnesota Act)DGCL, for and on behalf of the Shareholders, to give and receive notices and communications, to authorize delivery to Parent MDLI of shares of Parent MDLI Common Stock from the Escrow Fund in satisfaction of claims by ParentMDLI, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders from time to time upon not less than thirty (30) 30 days prior written notice to ParentMDLI; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholdersshareholders of Total eMed.

Appears in 1 contract

Samples: Reorganization and Merger (Medicalogic Inc)

Securityholder Agent of the Shareholders; Power of Attorney. (ia) In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholdershareholder, Xxxxxxx Xxxxxxxxx Xxxx X. Xxxxxx shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Shareholder -------------------- shareholder of the Company (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota ActColorado Law), for and on behalf of Shareholdersshareholders of the Company, to give and receive notices and communications, to authorize a claim against the Escrow Fund, an offset from delivery to by Parent of additional shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders shareholders of the Company from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund Company agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow FundCompany. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholdersshareholders of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cirrus Logic Inc)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Company Shareholder, Xxxxxxx Xxxxxxxxx Russxxx X. Xxxx, Xx., xx another person reasonable to the Parent and the Company, shall be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Company Shareholder (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota Act)Oregon Law or any other applicable law) , for and on behalf of the Company Shareholders, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Company Shareholders from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Company Shareholders.

Appears in 1 contract

Samples: Non Competition Agreement (Cypress Semiconductor Corp /De/)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Company Shareholder, Xxxxxxx Xxxxxxxxx shall M. Scot Xxxxx xxxll be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Company Shareholder (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota ActNorth Carolina Law), for and on behalf of the Company Shareholders, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Company Shareholders from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Company Shareholders.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Goto Com Inc)

Securityholder Agent of the Shareholders; Power of Attorney. (i) In the event that the Merger is approved, effective upon such vote, and without further act of any Shareholdershareholder, H. Donaxx Xxxxxxx Xxxxxxxxx shall xxxll be appointed as agent and attorney-in-fact (the "SECURITYHOLDER AGENTSecurityholder Agent") for each Shareholder shareholder of the Company (except such shareholders, if any, as shall have perfected their appraisal or dissenters' rights under the Minnesota ActGeorgia Law), for and on behalf of Shareholdersshareholders of the Company, to give and receive notices and communications, to authorize delivery to Parent of shares of Parent Common Stock Shares from the Escrow Fund in satisfaction of claims by Parent, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of Securityholder Agent for the accomplishment of the foregoing. Such agency may be changed by the Shareholders shareholders of the Company from time to time upon not less than thirty (30) days prior written notice to Parent; provided that the Securityholder Agent may not be removed unless holders of a majority two-thirds interest of the Escrow Fund agree to such removal and to the identity of the substituted agent. Any vacancy in the position of Securityholder Agent may be filled by approval of the holders of a majority in interest of the Escrow Fund. No bond shall be required of the Securityholder Agent, and the Securityholder Agent shall not receive compensation for his or her services. Notices or communications to or from the Securityholder Agent shall constitute notice to or from each of the Shareholdersshareholders of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Baan Co N V)

Time is Money Join Law Insider Premium to draft better contracts faster.