EXERCISE OF VOTING POWER. Each Shareholder undertakes with the other as follows: (a) to exercise all voting rights and powers of control available to it in relation to the Company so as to give full effect to the terms and conditions of this Agreement and, where appropriate, the carrying into effect of all such other terms as if they were embodied in the Company’s Memorandum and Articles of Association; (b) to procure that the Directors nominated by it and its other representatives will support and implement all resolutions of Shareholders and to procure that all third parties directly or indirectly under its control shall refrain from acting in a manner which will hinder or prevent the Company from carrying on the Business in proper and reasonable manner; and (c) generally to use reasonable endeavors to promote the Business and the interest of the Company.
Appears in 2 contracts
Sources: Agreement for Sale and Purchase of Shares, Agreement for Sale and Purchase of Shares (Valspar Corp)