Examples of Proxy Designee in a sentence
The Proxy Designee may exercise the irrevocable proxy granted to him or her hereunder, in his or her sole discretion, at any time any Investor fails to comply with the provisions of Section 2.
The Company shall instruct the Proxy Designee to vote any Excess Shares such Proxy Designee is entitled to vote on any Stockholder Matter in the same percentages for and against such Stockholder Matter as votes were cast for and against such Stockholder Matter by all stockholders of the Company other than the Stockholder (ignoring, for purposes of making these calculations, abstentions and broker nonvotes).
The Board shall cause the Proxy Designee to vote any Excess Shares such Proxy Designee controls on any matter brought for a shareholder vote in accordance with the vote of the majority of all other outstanding shares, excluding the Shares held by the Executive and the Family Members constituting forty percent (40%) of the outstanding Shares.
There are several existing processors that can be used without modification.
To secure the obligations of the Investors to vote the Securities in accordance with the provisions of this Agreement, each Investor hereby appoints a designee of the Supermajority Investors (the “ Proxy Designee ”) as its true and lawful proxy and attorney-in-fact, with full power of substitution, to vote all of its Securities in accordance with and to give effect to the provisions of Section 2, but only to the extent provided therein.
The undersigned hereby authorizes the Proxy Designee to substitute, in writing, another Class A Member of PEPA (as “Substitute Proxy Designee”) to act in his or her place and any Substitute Proxy Designee may make further substitutions to other Class A Members of PEPA, in writing, without limitation.