Common use of VOTING IN INTEREST OF COMPANY Clause in Contracts

VOTING IN INTEREST OF COMPANY. In voting the Shares or in doing any act regarding the control or management of the Company or its affairs, as holder of Shares deposited pursuant to this Agreement, the Trustee shall exercise the Trustee's best judgment in the interest of the Company to the end that its affairs shall be properly managed, but the Trustee assumes no responsibility regarding management or any action taken by them or taken by the Company in pursuance of the Trustee's consent to it as a shareholder or in pursuance of the Trustee's vote so cast.

Appears in 2 contracts

Samples: Voting Trust Agreement (Mead Robert E), Voting Trust Agreement (Silverleaf Resorts Inc)

AutoNDA by SimpleDocs

VOTING IN INTEREST OF COMPANY. In voting the Shares shares of stock or in doing any act regarding the control or management of the Company or its affairs, as holder of Shares stock deposited pursuant to this Agreementhereunder, the Trustee shall exercise the Trustee's his best judgment in the interest of the Company to the end that its affairs shall be properly managedCompany, but the Trustee assumes shall assume no responsibility regarding management or regarding any action taken by them him or taken by the Company in pursuance of the Trustee's his consent to it thereto as a shareholder such shareholders or in pursuance of the Trustee's his vote so cast.

Appears in 2 contracts

Samples: Voting Trust Agreement (Ontro Inc), Voting Trust Agreement (Ontro Inc)

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