Common use of Failure to Vote Clause in Contracts

Failure to Vote. In the event that any Stockholder or Investor shall fail to vote the Shares it is entitled to vote in the manner set forth above, such Stockholder or Investor shall be deemed immediately upon the existence of such breach to have granted to any other Stockholder or Investor a proxy to its Shares to ensure that such shares will be voted as set forth above. Each of the Stockholders and Investors acknowledges that each proxy granted hereby, including any successive proxy if need be, is given to secure the performance of a duty, is coupled with an interest, and shall be irrevocable until the duty is performed.