Examples of Owned Securities in a sentence
Shareholder further agrees to authorize and request Parent and the Company to notify the Company’s transfer agent that there is a stop transfer order with respect to all of the Owned Securities or Beneficially Owned Securities (other than in respect of Transfers expressly permitted by this Section 2.3) and that this Agreement places limits on the voting of the Owned Securities or Beneficially Owned Securities.
Any such Equity Securities shall automatically become subject to the terms of this Agreement as though owned by Shareholder as of the date hereof and shall be deemed to be Owned Securities.
Shareholder hereby authorizes Parent and the Company to publish and disclose in any announcement or disclosure required by the SEC, including the Proxy Statement, Shareholder’s identity and ownership of the Owned Securities or Beneficially Owned Securities and the nature of Shareholder’s obligation under this Agreement, provided that Shareholder is provided with a reasonable opportunity to review and comment on such disclosure.
If Shareholder fails for any reason to be counted as present, consent or vote the Owned Securities in accordance with the requirements of Section 2.1 above (or anticipatorily breaches such section), then Parent shall have the right to cause to be present, consent or vote Shareholder’s Owned Securities in accordance with the provisions of Section 2.1. The proxy granted by Shareholder shall be automatically revoked upon termination of this Agreement in accordance with its terms.
Shareholder hereby revokes any and all previous proxies granted with respect to its Owned Securities or Beneficially Owned Securities.