Irrevocable Proxy definition
Examples of Irrevocable Proxy in a sentence
Notwithstanding any delivery or modification of a Registration Page or exercise of an Irrevocable Proxy, Agent shall not be deemed the owner of, or assume any obligations of the owner or holder of the Pledged Collateral unless and until Agent accepts such obligations in writing or otherwise takes steps to foreclose its security interest in the Pledged Collateral and become the owner thereof under Applicable Law (including via sale as described in this Agreement).
Additionally, if a Pledgor acquires Pledged Collateral with respect to any Issuer following the date hereof that is not an Issuer of Pledged Collateral as of the date hereof, such Pledgor shall deliver an executed Irrevocable Proxy executed by such Pledgor and a Registration Page executed by such Issuer with respect to such new Issuer to Agent.
In connection with the Transfer from [Spartan/other Attribution Party] to the undersigned of [Consultant Shares/Conversion Shares/Warrant Shares], the undersigned is executing and delivering this Joinder Agreement to the Irrevocable Proxy and Power of Attorney, dated as of December 20, 2024 (the “Irrevocable Proxy”).
Terms used but not defined herein shall have the same meanings ascribed to them as in the Irrevocable Proxy.