Successor Representatives. Stockholders’ Representative shall designate one or more Persons to serve as successor Stockholders’ Representative in the event of its death, incapacity, bankruptcy or dissolution which Person or Persons shall in such event succeed to and become vested with all the rights, powers, privileges and duties of Stockholders’ Representative under this Agreement. Each successor Stockholders’ Representative shall designate one or more successors to serve as Stockholders’ Representative in the event of such successor Stockholders’ Representative’s death, incapacity, bankruptcy or dissolution.
Successor Representatives. 24 SECTION 3.10. Escrow Agreement...................................................................................24 SECTION 3.11. Release............................................................................................24 SECTION 3.12. Joinder............................................................................................25 SECTION 3.13. Termination of Guarantees..........................................................................25 SECTION 3.14. Merger Transaction.................................................................................25 ARTICLE IV Conditions Precedent SECTION 4.1. Conditions to Obligations of the Purchaser..........................................................25
Successor Representatives. The Stockholder Representative shall designate one or more Persons to serve as successor Stockholder Representative in the event of his death or incapacity, which Person or Persons shall in such event succeed to and become vested with all the rights, powers, privileges and duties of the Stockholder Representative under this Agreement. Each successor Stockholder Representative shall designate one or more successors to serve as Stockholder Representative in the event of such successor Stockholder Representative's death, incapacity, bankruptcy or dissolution. In the event that the Stockholder Representative dies or becomes incapacitated without having designated a successor Stockholder Representative, his executors, administrators or personal representatives shall succeed to and become vested with all the rights, powers, privileges and duties of the Stockholder Representative under this Agreement.
Successor Representatives. If Nuprim Shareholders’ Representative resigns, dies or becomes incapacitated, his successor will be appointed by Nuprim Shareholders owning a majority of the Nuprim Shares. The decisions and actions of any successor Nuprim Shareholders’ Representative will be, for all purposes, those of Nuprim Shareholders’ Representative as if originally named herein. The death or incapacity of any Nuprim Shareholder will not terminate the authority and agency of Nuprim Shareholders’ Representative as herein designated and their successors as provided for herein. Nuprim Shareholders’ Representative shall provide prompt written notification to Nuprim Shareholders and Motif of the identity of any newly appointed Nuprim Shareholders’ Representative.
Successor Representatives. In the event of the death or permanent disability of the Representative, or the resignation of Representative as the representative of the Partners hereunder, a successor Representative shall be elected by a majority vote of the Partners, with each such Partner (or his or her successors or assigns) to be given a weighted vote based on such Partner's Pro Rata Share. Each successor Representative shall have all of the power, authority, rights and privileges conferred by this Agreement upon the original Representative, and the term "Representative" as used herein shall be deemed to include each successor Representative.
Successor Representatives. The Class B Stockholder Representative shall designate one or more persons to serve as successor Class B Stockholder Representative in the event of his or its death or incapacity or bankruptcy or dissolution, as applicable, which person or persons shall in such event succeed to and become vested with all the rights, powers, privileges and duties of the Class B Stockholder Representative under this Agreement. Each successor Class B Stockholder Representative shall designate one or more successors to serve as Class B Stockholder Representative in the event of such successor Class B Stockholder Representative's death, incapacity, bankruptcy or dissolution. In the event that the Class B Stockholder Representative dies or becomes incapacitated, or in the event of the Class B Stockholder Representative's bankruptcy or dissolution, as applicable, without having designated a successor Class B Stockholder Representative, such Class B Stockholder Representative's executors, administrators or personal representatives, or successors in interest, as the case may be, shall succeed to and
Successor Representatives. In the event of the death or ------------------------- permanent disability of one of the Representatives, or his resignation as a Representative, a successor Representative shall be elected in accordance with the provisions of the Purchase Agreement. The Escrow Agent shall be entitled to receive and may conclusively rely upon a written notice of the remaining Representatives to the effect that a successor Representative has been elected in accordance with the provisions of the Purchase Agreement. Each successor Representative shall have all of the power, authority, rights and privileges conferred by this Agreement upon the original Representative, and the term "Representative" as used herein shall be deemed to include each successor Representative. The Representatives have the power to appoint up to two (2) additional person(s) to act as Representatives at any time, which appointment shall only be binding upon the other parties hereto after notice thereof has been provided to the Sellers, the Escrow Agent and the Buyer.
Successor Representatives. In the event of the death or permanent disability of the Representative, or the resignation of Representative as the representative of the Novaxxx Xxxurityholders hereunder, a successor Representative shall be elected by a majority vote of the Novaxxx Xxxurityholders, with each such Novaxxx Xxxurityholder (or his successors or assigns) to be given a weighted vote based on such Novaxxx Xxxurityholder's Pro Rata Share. Each successor Representative shall have all of the power, authority, rights and privileges conferred by this Agreement upon the original Representative, and the term "Representative" as used herein shall be deemed to include each successor Representative.
Successor Representatives. Either Party may change the identity of their Representative and will appoint a successor following (as far as practicable) consultation with the other Party.
Successor Representatives. The Securityholders shall designate one or more Persons reasonably acceptable to the Securityholders collectively having a Pro Rata Share * Omitted information is the subject of a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934 and has been filed separately with the Securities and Exchange Commission. greater than 50% to serve as successor Stockholders’ Representative in the event of the Stockholders’ Representative’s incapacity, bankruptcy, dissolution or resignation, which Person or Persons shall in such event succeed to and become vested with all the rights, powers, privileges and duties of the Stockholders’ Representative under this Agreement. Each successor Stockholders’ Representative shall designate one or more Persons reasonably acceptable to the Securityholders collectively having a Pro Rata Share greater than 50% to serve as successor Stockholders’ Representative in the event of such successor Stockholders’ Representative’s death, incapacity, bankruptcy, dissolution or resignation.
