Common use of Grant of Irrevocable Proxy Clause in Contracts

Grant of Irrevocable Proxy. 3.1 Seller hereby appoints the Acquiror and each of its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact (with full power of substitution and resubstitution), to attend, vote and otherwise act for and on behalf of the Seller in respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller herein is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 15 contracts

Sources: Management Lock Up and Support Agreement (LML Payment Systems Inc), Management Lock Up and Support Agreement (LML Payment Systems Inc), Lock Up and Support Agreement (LML Payment Systems Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) The Stockholder hereby appoints irrevocably and unconditionally (to the Acquiror fullest extent permitted by law) grants to, and appoints, the Company and each of its executive officers or other designees and any of them, in their capacities as officers of the Company (the “ProxyholdersGrantees”), as Sellerthe Stockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of the Seller in respect of its Subject Securities and in respect of all matters which may come before Stockholder, to vote the Shares, to instruct nominees or record holders to vote the Shares, or to grant a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (consent or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. approval or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any proxies heretofore given by Seller dissent or disapproval in respect of the Subject SecuritiesShares, in each case in accordance with Section 1.1 hereof and, in the discretion of the Grantees, with respect to any proposed adjournments or postponements of any meeting of stockholders of the Company at which any of the matters described in Section 1.1 hereof are to be considered. 3.3 Seller (b) The Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 1.2 is given in connection with the performance by execution of the Company Purchase Agreement and the proposed issuance of its obligations under the Arrangement AgreementPreferred Shares as contemplated thereby, and that such irrevocable proxy is given to secure the performance of the duties of Seller the Stockholder under this Agreement. Seller The Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless except as otherwise set forth herein. The Stockholder hereby ratifies and until this Agreement is terminated pursuant confirms all that the Grantees may lawfully do or cause to Article 7be done by virtue hereof. The irrevocable proxy set forth in this Section 1.2 is executed and intended to be irrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law. Notwithstanding this Section 1.2, the proxy granted by Seller herein is a durable power the Stockholder shall be revoked upon termination of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellerthis Agreement in accordance with its terms. 3.4 (c) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 14 contracts

Sources: Securities Purchase Agreement (Proteon Therapeutics Inc), Voting Agreement (Proteon Therapeutics Inc), Voting Agreement (Proteon Therapeutics Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, Parent and each of its executive officers or other designees and any of them, in their capacities as officers of Parent (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval or dissent or disapproval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees, with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders of the Company Securityholders relating at which any of the matters described in Section 3 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked. Stockholder hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by virtue hereof. Such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law. Notwithstanding this Section 4(c), unless and until this Agreement is terminated pursuant to Article 7. The irrevocable the proxy granted by Seller herein is a durable power Stockholder shall be revoked upon termination of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellerthis Agreement in accordance with its terms. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller may Stockholder shall retain at all times the right to vote the Subject Securities Shares in Stockholder’s sole discretion and without any other limitation on all matters other mattersthan those set forth in Section 3 that are at any time or from time to time presented for consideration to the Company’s stockholders generally. 3.5 The Acquiror (e) Parent may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder.

Appears in 12 contracts

Sources: Voting Agreement (Jda Software Group Inc), Voting Agreement (Jda Software Group Inc), Voting Agreement (I2 Technologies Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Until this Agreement is terminated, the Stockholder hereby irrevocably appoints the Acquiror Merger Sub, its officers, agents and each of its executive officers or other designees (the “Proxyholders”)nominees, as Seller’s proxy and attorney-in-fact (with full power of substitution and resubstitution)substitution, to attend, vote and otherwise act as proxy for and on behalf attorney in fact of the Seller in Stockholder to act with respect of its Subject Securities to and vote the Shares, if any, owned by the Stockholder for and in respect the name, place and stead of all matters which may come before a the Stockholder at any annual, special or other meeting of the holders of shares of the Company Securityholders relating Common Stock and at any adjournment or postponement thereof or pursuant to any written consent in lieu of a meeting, to the Transactionfullest extent that the Shares are entitled to be voted, in favor of the Merger, the Merger Agreement and such the transactions contemplated thereby. In all other matters, the Shares shall be voted by and in the manner determined by the Stockholder upon written notice to Merger Sub. The Stockholder hereby represents that he has not heretofore granted any irrevocable proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior with respect to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing Shares and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any and all proxies which may heretofore given by Seller in have been granted with respect of to the Subject SecuritiesShares. 3.3 Seller (b) The Stockholder understands and acknowledges that Parent is entering into the Merger Agreement in reliance upon the Stockholder's execution and delivery of this Agreement. The Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 1 is given in connection with and as an inducement for the performance execution by Parent of the Company of its obligations under the Arrangement Agreement, Merger Agreement and that such irrevocable proxy is given to secure the performance of the duties of Seller the Stockholder under this Agreement. Seller The Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, interest and may not be revoked. The Stockholder hereby ratifies and confirms all that such proxy may lawfully do or cause to be done by virtue hereof. This proxy is executed and intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller herein is a durable power in accordance with the provisions of attorney and shall survive the dissolution, bankruptcy, or incapacity of SellerDGCL. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 11 contracts

Sources: Merger Agreement (Intersil Corp/De), Company Voting Agreement (Intersil Corp/De), Company Voting Agreement (Intersil Corp/De)

Grant of Irrevocable Proxy. 3.1 Seller (a) Until this Agreement is terminated, the Shareholder hereby irrevocably appoints the Acquiror Merger Sub, its officers, agents and each of its executive officers or other designees (the “Proxyholders”)nominees, as Seller’s proxy and attorney-in-fact (with full power of substitution and resubstitution)substitution, to attend, vote and otherwise act as proxy for and on behalf attorney in fact of the Seller in Shareholder to act with respect of its Subject Securities to and vote the outstanding Shares, if any, owned by the Shareholder for and in respect the name, place and stead of all matters which may come before a the Shareholder at any annual, special or other meeting of the holders of shares of the Company Securityholders relating Common Stock and at any adjournment or postponement thereof or pursuant to any written consent in lieu of a meeting, to the Transactionfullest extent that the Shares are entitled to be voted, in favor of the Mergers, the Merger Agreement and such the transactions contemplated thereby and against approval of any Competing Transaction or any proposal made in opposition to, or in competition with, consummation of the Mergers and the other transactions contemplated by the Merger Agreement. In all other matters, the Shares shall be voted by and in the manner determined by the Shareholder. The Shareholder hereby represents that he has not heretofore granted any irrevocable proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior with respect to the exercise of such Shares that it is inconsistent with the proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing granted hereby and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any and all such proxies which may heretofore given by Seller in have been granted with respect of to the Subject SecuritiesShares. 3.3 Seller (b) The Shareholder understands and acknowledges that Parent is entering into the Merger Agreement in reliance upon the Shareholder’s execution and delivery of this Agreement. The Shareholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 1 is given in connection with and as an inducement for the performance execution by Parent of the Company of its obligations under the Arrangement Agreement, Merger Agreement and that such irrevocable proxy is given to secure the performance of the duties of Seller the Shareholder under this Agreement. Seller The Shareholder hereby further affirms that the irrevocable proxy is coupled with an interest, interest and may not be revoked. The Shareholder hereby ratifies and confirms all that such proxy may lawfully do or cause to be done by virtue hereof. This proxy is executed and intended to be irrevocableirrevocable in accordance with the laws of the State of California, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant without giving effect to Article 7. The irrevocable proxy granted by Seller herein is a durable power the conflict of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellerlaws principles thereof. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 10 contracts

Sources: Company Voting Agreement (Intersil Corp/De), Company Voting Agreement (Intersil Corp/De), Company Voting Agreement (Intersil Corp/De)

Grant of Irrevocable Proxy. 3.1 Seller Each Stockholder Party hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and D. ▇▇▇▇▇ ▇▇▇▇▇▇, in their respective capacities as officers of Parent, and any other Person designated by Parent in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, to the fullest extent of such Stockholder Party’s rights with respect to the Covered Company Shares, effective as of the date hereof and continuing until the termination of this Agreement in accordance with Section 5.1 herein (at which time such proxy shall automatically be revoked) (the “Voting Period”), to attend, vote and otherwise act for and on behalf of the Seller in with respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the TransactionCovered Company Shares as required pursuant to Section 2.1(a) and Section 2.1(b) hereof. The proxy granted by each Stockholder Party hereunder shall be irrevocable during the Voting Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy, and each Stockholder Party (a) will take such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of further action or execute such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required may be necessary to effect effectuate the grant intent of irrevocable this proxy provided for in this Section 3.1. 3.2 Seller and (b) hereby revokes any proxies heretofore given proxy previously granted by Seller in such Stockholder Party with respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance by the to any Covered Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7Shares. The irrevocable proxy power of attorney granted by Seller herein each Stockholder Party hereunder is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity dissolution of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except such Stockholder Party. Other than as provided abovein this Section 2.3 and other than the granting of proxies to vote Covered Company Shares with respect to the election of directors and ratification of the appointment of the Company’s auditors at the Company’s annual meeting of stockholders, in each case in accordance with the recommendation of the Company Board, no Stockholder Party shall directly or indirectly grant any Person any proxy (revocable or irrevocable), power of attorney or other authorization with respect to any of the applicable the Covered Company Shares. Seller may vote For Covered Company Shares as to which any Stockholder Party is the Subject Securities on all other matters. 3.5 The Acquiror Beneficial Owner but not the holder of record, such Stockholder Party shall cause any holder of record of such Covered Company Shares to grant to the Grantees a proxy to the same effect as that described in this Section 2.3. Parent may terminate this proxy with respect to any Stockholder Party at any time at its sole election by written notice provided to Sellersuch Stockholder Party.

Appears in 4 contracts

Sources: Voting Agreement (Genomic Health Inc), Voting Agreement (Exact Sciences Corp), Voting Agreement (Exact Sciences Corp)

Grant of Irrevocable Proxy. 3.1 Seller hereby appoints the Acquiror and each of its executive officers or other designees (the “Proxyholders”Subject to Section 2.1(c)(ii), each Stockholder hereby irrevocably appoints as Seller’s its proxy and attorney-in-fact Parent, and any other Person designated by Parent in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, to the fullest extent of such Stockholder’s rights with respect to the Covered Company Shares, effective as of the date hereof and continuing until the Termination Date (the “Voting Period”), to attendvote (or execute written consents, vote if applicable) with respect to the Covered Company Shares as required pursuant to Section 2.1(a), Section 2.1(b) and otherwise act for and on behalf Section 2.1(c)(i) hereof and, in the discretion of the Seller in Grantees, with respect to any proposed postponement or adjournments of its Subject Securities and in respect any annual or special meetings of all matters which may come before a meeting the stockholders of the Company Securityholders relating (including the Company Stockholder Meeting) at which any of the matters described in Section 2.1(a) was to be considered. The proxy granted by each Stockholder hereunder shall be irrevocable during the TransactionVoting Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy, and each Stockholder (a) will take such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of further action or execute such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required may be necessary to effect effectuate the grant intent of irrevocable this proxy provided for in this Section 3.1. 3.2 Seller and (b) hereby revokes any proxies heretofore given proxy previously granted by Seller in such Stockholder with respect of to any Covered Company Shares (other than the Subject Securities. 3.3 Seller hereby affirms that proxy for the irrevocable proxy Company’s annual meeting to be held June 10, 2014 with respect to the matters set forth in this Article 3 is given the proxy materials therefor filed with the SEC on April 30, 2014, other than proposal five to the extent it involves any matter described in Section 2.1(a)); provided, however, that upon the occurrence of a Trigger Event, the proxy granted herein shall be modified such that it only applies to the Locked Up Shares (as determined from time to time in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7any Determination Date). The irrevocable proxy power of attorney granted by Seller herein each Stockholder hereunder is a durable power of attorney and shall survive the dissolutionbankruptcy or dissolution of such Stockholder. Subject to Section 3.2(b) with respect to the Released Shares following the Trigger Date, bankruptcyother than as provided in this Section 2.3 and other than the granting of proxies to vote Covered Company Shares at the Company’s annual meeting to be held June 10, 2014 with respect to the matters set forth in the proxy materials therefor filed with the SEC on April 30, 2014 (other than proposal five to the extent it involves any matter described in Section 2.1(a)), in each case in accordance with the recommendation of the Board of Directors of the Company, no Stockholder shall directly or incapacity indirectly grant any Person any proxy (revocable or irrevocable), power of Seller. 3.4 The Proxyholders attorney or other authorization with respect to any of such Stockholder’s Covered Company Shares. For Covered Company Shares as to which any Stockholder is the Beneficial Owner but not the holder of record, such Stockholder shall cause any holder of record of such Covered Company Shares to grant to the Grantees a proxy to the same effect as that described in this Section 2.3. Parent may terminate this proxy with respect to any Stockholder at any time at its sole election by written notice provided to such Stockholder. Parent or its designee may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other mattersin this Article II. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 4 contracts

Sources: Voting Agreement (Pinnacle Foods Inc.), Agreement and Plan of Merger (Pinnacle Foods Inc.), Agreement and Plan of Merger (Hillshire Brands Co)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, the Company and each of its executive officers or other designees and any of them, in their capacities as officers of the Company (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval or dissent or disapproval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders of Parent at which any of the Company Securityholders relating matters described in Section 3 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked. Stockholder hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by virtue hereof. Such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law. Notwithstanding this Section 4(c), unless and until this Agreement is terminated pursuant to Article 7. The irrevocable the proxy granted by Seller herein is a durable power Stockholder shall be revoked upon termination of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellerthis Agreement in accordance with its terms. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller may Stockholder shall retain at all times the right to vote the Subject Securities Shares in Stockholder’s sole discretion and without any other limitation on all matters other mattersthan those set forth in Section 3 that are at any time or from time to time presented for consideration to Parent’s stockholders generally. 3.5 The Acquiror (e) Company may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder.

Appears in 4 contracts

Sources: Stockholder Voting Agreement (On Semiconductor Corp), Merger Agreement (Amis Holdings Inc), Stockholder Voting Agreement (Amis Holdings Inc)

Grant of Irrevocable Proxy. 3.1 Seller The Stockholder hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact Parent, and any other Person designated by Parent in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, effective as of the date hereof and continuing until the Termination Date (the “Voting Period”), to attendvote (or execute written consents, vote and otherwise act for and on behalf of the Seller in if applicable) with respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the TransactionCovered Company Shares as required pursuant to Section 2.1(a) and Section 2.1(b) hereof. The proxy granted by the Stockholder hereunder shall be irrevocable during the Voting Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy, and the Stockholder (a) will take such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of further action or execute such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required may be necessary to effect effectuate the grant intent of irrevocable this proxy provided for in this Section 3.1. 3.2 Seller and (b) hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance previously granted by the Stockholder with respect to any Covered Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7Shares. The irrevocable proxy power of attorney granted by Seller herein the Stockholder hereunder is a durable power of attorney and shall survive the dissolutionbankruptcy or dissolution of the Stockholder. For Covered Company Shares as to which the Stockholder is the Beneficial Owner but not the holder of record, bankruptcythe Stockholder shall use reasonable best efforts to cause any holder of record of such Covered Company Shares to grant to the Grantees a proxy to the same effect as that described in this Section 2.3. The proxy granted by the Stockholder shall not be exercised to vote, consent or incapacity of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy act on any matter except as provided abovecontemplated by Section 2.1 and Section 2.3 of this Agreement. Seller may vote The proxy granted by the Subject Securities on all other mattersStockholder shall be revoked, terminated and of no further force or effect, automatically and without further action, upon the valid termination of this Agreement in accordance with Section 5.1. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 3 contracts

Sources: Support Agreement (Sezzle Inc.), Support Agreement (Sezzle Inc.), Support Agreement (Sezzle Inc.)

Grant of Irrevocable Proxy. 3.1 Seller (a) Shareholder hereby appoints irrevocably appoints, until the Acquiror Expiration Date, Parent and each of its executive officers or other designees (the “Proxyholders”), as SellerShareholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place and stead of Shareholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and the Shares solely in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(saccordance with Section 3(a) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which event that Shareholder fails to vote the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for Shares in this accordance with Section 3.13(a). 3.2 Seller (b) Shareholder hereby revokes any proxies heretofore given by Seller Shareholder in respect of the Subject SecuritiesShares and agrees to execute any further agreement or form reasonably necessary or appropriate to confirm and effectuate the grant of the proxy contained herein. 3.3 Seller (c) Shareholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4(a) is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Shareholder under this Agreement. Seller Shareholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 60.231 of the Oregon Act, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Shareholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity of SellerShareholder. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided abovein Section 3(a) and, in any case, only in the event that Shareholder fails to vote the Shares in accordance with Section 3(a). Seller Shareholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy at any time by written notice to SellerShareholder. Notwithstanding anything to the contrary in this Agreement, this proxy shall automatically terminate upon the valid termination of this Agreement in accordance with Section 7.

Appears in 3 contracts

Sources: Merger Agreement (MKS Instruments Inc), Merger Agreement (Electro Scientific Industries Inc), Shareholder Agreement (Electro Scientific Industries Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably appoints, until the Acquiror Expiration Date, Parent and each of its executive officers or other designees (the “Proxyholders”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and the Shares solely in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this accordance with Section 3.13. 3.2 Seller (b) Stockholder hereby revokes any proxies heretofore given by Seller Stockholder in respect of the Subject SecuritiesShares and agrees to execute any further agreement or form reasonably necessary or appropriate to confirm and effectuate the grant of the proxy contained herein. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 78.355 of the NRS, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity of SellerStockholder. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy at any time by written notice to SellerStockholder. Notwithstanding anything to the contrary in this Agreement, this proxy shall automatically terminate upon the valid termination of this Agreement in accordance with Section 7.

Appears in 3 contracts

Sources: Merger Agreement (MKS Instruments Inc), Merger Agreement (Newport Corp), Stockholder Agreement (Newport Corp)

Grant of Irrevocable Proxy. 3.1 Seller Each Stockholder hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact CME, and any other Person designated by CME in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, to the fullest extent of such Stockholder’s rights with respect to the Covered GFI Shares, effective as of the date hereof and continuing until the Termination Date (the “Voting Period”), to attendvote (or execute written consents, vote and otherwise act for and on behalf of the Seller in if applicable) with respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the TransactionCovered GFI Shares as required pursuant to Section 2.1 hereof. The proxy granted by each Stockholder hereunder shall be irrevocable during the Voting Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy, and each Stockholder (a) will take such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of further action or execute such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required may be necessary to effect effectuate the grant intent of irrevocable this proxy provided for in this Section 3.1. 3.2 Seller and (b) hereby revokes any proxies heretofore given proxy previously granted by Seller in such Stockholder with respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7any Covered GFI Shares. The irrevocable proxy power of attorney granted by Seller herein each Stockholder hereunder is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity dissolution of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except such Stockholder. Other than as provided abovein this Section 2.2, no Stockholder shall directly or indirectly grant any Person any proxy (revocable or irrevocable), power of attorney or other authorization with respect to any of such Stockholder’s Covered GFI Shares. Seller may vote For Covered GFI Shares as to which any Stockholder is the Subject Securities on all other matters. 3.5 The Acquiror Beneficial Owner but not the holder of record, such Stockholder shall cause any holder of record of such Covered GFI Shares to grant to the Grantees a proxy to the same effect as that described in this Section 2.2. CME may terminate this proxy with respect to any Stockholder at any time at its sole election by written notice provided to Sellersuch Stockholder.

Appears in 3 contracts

Sources: Support Agreement (Cme Group Inc.), Merger Agreement (GFI Group Inc.), Support Agreement (GFI Group Inc.)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably appoints, until the Acquiror Expiration Date, the Company and each of its executive officers or other designees (the “Proxyholders”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and the Shares solely in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this accordance with Section 3.13. 3.2 Seller (b) Stockholder hereby revokes any proxies heretofore given by Seller Stockholder in respect of the Subject SecuritiesShares and agrees to execute any further agreement or form reasonably necessary or appropriate to confirm and effectuate the grant of the proxy contained herein. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Agreement, Merger Agreement and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 212 of the DGCL, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, dissolution or incapacity bankruptcy of SellerStockholder. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 (e) The Acquiror Company may terminate this proxy at any time by written notice to SellerStockholder. Notwithstanding anything to the contrary in this Agreement, this proxy shall automatically terminate upon the valid termination of this Agreement in accordance with Section 7.

Appears in 2 contracts

Sources: Merger Agreement (First Marblehead Corp), Parent Stockholder Agreement (Risley John Carter)

Grant of Irrevocable Proxy. 3.1 Seller (a) Except as set forth in Section 4(f) hereof, Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, Merger Partner and each of its executive officers or other designees and any of them, in their capacities as officers of Merger Partner (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders at which any of the Company Securityholders relating matters described in Section 3 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Except with respect to any proxy given by the Stockholder in connection with the BiDil Sale, which shall remain in full force and effect and is not revoked or otherwise modified hereby, Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless . Stockholder hereby ratifies and until this Agreement is terminated pursuant to Article 7. The confirms all that such irrevocable proxy granted may lawfully do or cause to be done by Seller herein virtue hereof. Such irrevocable proxy is a durable power executed and intended to be irrevocable in accordance with the provisions of attorney and shall survive Section 212 of the dissolution, bankruptcy, or incapacity of SellerDelaware General Corporation Law. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Merger Partner may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder. (f) The proxy set forth in this Section 4 shall terminate upon the termination of this Agreement in accordance with Section 10 hereof.

Appears in 2 contracts

Sources: Stockholder Agreement (Rho Capital Partners Inc), Stockholder Agreement (Nitromed Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, Parent and each of its executive officers or other designees and any of them, in their capacities as officers of Parent (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 4 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of Stockholders at which any of the Company Securityholders relating matters described in Section 4 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 5 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless . Stockholder hereby ratifies and until this Agreement is terminated pursuant to Article 7. The confirms all that such irrevocable proxy granted may lawfully do or cause to be done by Seller herein virtue hereof. Such irrevocable proxy is a durable power executed and intended to be irrevocable in accordance with the provisions of attorney and shall survive Section 212 of the dissolution, bankruptcy, or incapacity General Corporation Law of Sellerthe State of Delaware. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder.

Appears in 2 contracts

Sources: Stockholder Agreement (Targanta Therapeutics Corp.), Stockholder Agreement (Targanta Therapeutics Corp.)

Grant of Irrevocable Proxy. 3.1 Seller (a) Each Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, Merger Partner and each of its executive officers or other designees and any of them, in their capacities as officers of Merger Partner (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders at which any of the Company Securityholders relating matters described in Section 3 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Each Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Each Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Each Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless . Each Stockholder hereby ratifies and until this Agreement is terminated pursuant to Article 7. The confirms all that such irrevocable proxy granted may lawfully do or cause to be done by Seller herein virtue hereof. Such irrevocable proxy is a durable power executed and intended to be irrevocable in accordance with the provisions of attorney and shall survive Section 212 of the dissolution, bankruptcy, or incapacity of SellerDelaware General Corporation Law. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller Stockholders may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Merger Partner may terminate this proxy with respect to any Stockholder at any time at its sole election by written notice provided to Sellersuch Stockholder.

Appears in 2 contracts

Sources: Merger Agreement (Cornerstone BioPharma Holdings, Inc.), Merger Agreement (Critical Therapeutics Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, Parent and each of its executive officers or other designees and any of them, in their capacities as officers of Parent (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of Stockholders at which any of the Company Securityholders relating matters described in Section 3 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesStockholder’s Shares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless revoked except as provided in subparagraph (e) below. Stockholder hereby ratifies and until this Agreement is terminated pursuant to Article 7. The confirms all that such irrevocable proxy granted may lawfully do or cause to be done by Seller herein virtue hereof. Such irrevocable proxy is a durable power executed and intended to be irrevocable in accordance with the provisions of attorney and shall survive Section 212 of the dissolution, bankruptcy, or incapacity of SellerDelaware General Corporation Law. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder. Notwithstanding any other provision herein to the contrary, the proxy granted herein shall be automatically revoked upon termination of the Agreement in accordance with its terms.

Appears in 2 contracts

Sources: Stockholder Voting Agreement (Back Yard Burgers Inc), Stockholder Voting Agreement (Bbac LLC)

Grant of Irrevocable Proxy. 3.1 Seller (a) Until this Agreement is terminated, the Stockholder hereby irrevocably appoints the Acquiror Company, its officers, agents and each of its executive officers or other designees (the “Proxyholders”)nominees, as Seller’s proxy and attorney-in-fact (with full power of substitution and resubstitution)substitution, to attend, vote and otherwise act as proxy for and on behalf attorney in fact of the Seller in Stockholder to act with respect of its Subject Securities to and vote the Shares, if any, owned by the Stockholder for and in respect the name, place and stead of all matters which may come before a the Stockholder at any annual, special or other meeting of the Company Securityholders relating holders of shares of the Parent Common Stock and at any adjournment or postponement thereof or pursuant to any written consent in lieu of a meeting, to the Transactionfullest extent that the Shares are entitled to be voted, in favor of the Merger, the Merger Agreement and such the transactions contemplated thereby. In all other matters, the Shares shall be voted by and in the manner determined by the Stockholder upon written notice to Company. The Stockholder hereby represents that he has not heretofore granted any irrevocable proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior with respect to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing Shares and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any and all proxies which may heretofore given by Seller in have been granted with respect of to the Subject SecuritiesShares. 3.3 Seller (b) The Stockholder understands and acknowledges that Company is entering into the Merger Agreement in reliance upon the Stockholder's execution and delivery of this Agreement. The Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 1 is given in connection with and as an inducement for the performance execution by the Company of its obligations under the Arrangement Agreement, Merger Agreement and that such irrevocable proxy is given to secure the performance of the duties of Seller the Stockholder under this Agreement. Seller The Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, interest and may not be revoked. The Stockholder hereby ratifies and confirms all that such proxy may lawfully do or cause to be done by virtue hereof. This proxy is executed and intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller herein is a durable power in accordance with the provisions of attorney and shall survive the dissolution, bankruptcy, or incapacity of SellerDGCL. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 2 contracts

Sources: Merger Agreement (Intersil Corp/De), Parent Voting Agreement (Elantec Semiconductor Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, the Company and each of its executive officers or other designees and any of them, in their capacities as officers of the Company (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees to vote the Shares, or grant a consent or approval or dissent or disapproval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders of the Company Securityholders relating at which any of the matters described in Section 3 hereof are to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller (b) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance consummation of the duties of Seller under this transactions described in the Purchase Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked. Stockholder hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by virtue hereof. Such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law. Notwithstanding this Section 4(b), unless and until this Agreement is terminated pursuant to Article 7. The irrevocable the proxy granted by Seller herein is a durable power Stockholder shall be revoked upon termination of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellerthis Agreement in accordance with its terms. 3.4 (c) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller may Stockholder shall retain the right at all times to vote the Subject Securities Shares in Stockholder’s sole discretion and without any other limitations on all matters other mattersthan those set forth in Section 3 that are at any time or from time to time presented for consideration to the Company’s stockholders generally. 3.5 (d) The Acquiror Company may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder.

Appears in 2 contracts

Sources: Voting and Standstill Agreement, Voting and Standstill Agreement (Hain Celestial Group Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, Parent and each of its executive officers or other designees and any of them, in their capacities as officers of Parent (the “ProxyholdersGrantees”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders of the Company Securityholders relating at which any of the matters described in Section 3 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked. Stockholder hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by virtue hereof. Such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law. Notwithstanding this Section 4(c), unless and until this Agreement is terminated pursuant to Article 7. The irrevocable the proxy granted by Seller herein is a durable power Stockholder shall be revoked upon termination of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellerthis Agreement in accordance with its terms. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder. Parent covenants and agrees that it shall attend any stockholder meeting called with respect to the matters in Section 3 either in person or by proxy, and shall vote all the Shares as contemplated by Section 3 at any such meeting, including any adjournment or postponement thereof.

Appears in 2 contracts

Sources: Merger Agreement (On Semiconductor Corp), Merger Agreement (Catalyst Semiconductor Inc)

Grant of Irrevocable Proxy. 3.1 Seller By executing this Agreement, the Stockholder hereby irrevocably (to the fullest extent permitted by law) appoints the Acquiror and each of its executive officers or other designees (the “Proxyholders”)J▇▇ ▇. ▇▇▇▇▇ and T▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ of Customers, as Seller’s proxy the sole and attorney-in-fact (exclusive attorneys and proxies of the undersigned Shareholder, with full power of substitution and resubstitution, to vote and exercise all voting and related rights (to the full extent that the undersigned Shareholder is entitled to do so) with respect to the Shares in accordance with the terms of this Agreement (which is referred to herein as the “Proxy”). The Proxy is irrevocable (to the fullest extent permitted by law), is coupled with an interest and is granted pursuant this Agreement. The Proxy is granted in consideration of Customers’ agreement to attendmerge with the Company pursuant the Merger, vote and otherwise act for and on behalf in such merger the Stockholder will be entitled to receive a portion of the Seller Merger Consideration (as defined in the Agreement and Plan of Merger). The Stockholder, at Customers’ request, will take such further action or execute such other instruments as may be necessary to effectuate the intent of the Proxy and the Stockholder hereby revokes any proxy previously granted with respect to the Shares in connection with any of the Voting Matters. Customers may, in its Subject Securities sole discretion, inform the Stockholder that it does not intend to utilize the Proxy and in such case, the Stockholder shall appear and vote the Shares or provide written consent as provided in Section 5 hereof and the Proxy shall be of no force or effect; provided, however, that if the Stockholder shall fail to appear and vote the Shares or provide written consent as provided in Section 5 hereof, the Proxy shall immediately become effective and exercisable by Customers according to its terms. The Shares beneficially owned by the Stockholder as of the date of this Agreement are listed on the signature page hereto, along with the number(s) of the stock certificate(s) representing such Shares (to the extent such number is readily available as of the date hereof). Except as otherwise provided herein, upon the Stockholder’s execution of this Agreement, granting the Proxy, any and all prior proxies given by the undersigned Shareholder with respect to any Shares are hereby revoked and terminated, and the Stockholder agrees not to grant any subsequent proxies with respect to the Shares until after the Expiration Date. The attorneys and proxies named above, and each of them, are hereby authorized and empowered by the Stockholder, at any time prior during the Voting Period, to act as the Stockholder’s attorney and proxy to vote all matters which may come before a of the Shares, and to exercise all voting, consent and similar rights of the undersigned Shareholder with respect to all of the Shares (including, without limitation, the power to execute and deliver written consents) at every annual or special meeting of stockholders of the Company Securityholders relating to the Transaction(and at every adjournment or postponement thereof), and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise in every written consent in lieu of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments meeting, all as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, The attorneys and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller herein is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of Seller. 3.4 The Proxyholders proxies named above may not exercise this irrevocable proxy the Proxy on any matter except as provided aboveother than the Voting Matters. Seller The Stockholder may vote the Subject Securities Shares on all other matters. 3.5 . Any obligation of Stockholder herein shall be binding upon the successors and assigns of Stockholder. The Acquiror may terminate this proxy at any time by written notice to Seller.Proxy shall terminate, and be of no further force and effect, automatically upon the Expiration Date

Appears in 2 contracts

Sources: Merger Agreement (Customers Bancorp, Inc.), Voting and Lock Up Agreement (Customers Bancorp, Inc.)

Grant of Irrevocable Proxy. 3.1 Seller (a) The Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, the Investors and each of its their executive officers or other designees and any of them, in their capacities as officers of the Investors (the “ProxyholdersGrantees”), as Sellerthe Stockholder’s sole and exclusive proxy and attorney-in-fact (with full power to each of substitution substitution, for and resubstitution)in the name, place and stead of the Stockholder, to attendvote the Company Securities or to instruct nominees or record holders to vote such Company Securities owned by the Stockholder, vote and otherwise act for and on behalf and, in the sole discretion of the Seller in Grantees with respect to any proposed adjournments or postponements of its Subject Securities and in respect of all matters which may come before a any meeting of the stockholders of the Company Securityholders relating at which any of the matters described in Section 2 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) The Stockholder represents that any and all proxies heretofore given by Seller in respect of the Subject Stockholder’s Company Securities that may still be in effect are not irrevocable. Any and all such proxies are hereby revoked and the Stockholder agrees not to grant any subsequent proxies with respect to the Stockholder’s Company Securities. 3.3 Seller (c) The Stockholder hereby affirms that the irrevocable proxy set forth in this Article Section 3 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller the Stockholder under this Agreement. Seller The Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless and until except as otherwise provided in this Agreement is terminated pursuant to Article 7Agreement. The Such irrevocable proxy granted by Seller herein is a durable power executed and intended to be irrevocable in accordance with the provisions of attorney and shall survive Section 212 of the dissolution, bankruptcy, or incapacity DGCL until termination of Sellerthis Agreement. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided abovein this Agreement. Seller The Stockholder may vote the Subject Company Securities on all other matters. 3.5 The Acquiror (e) Any Grantee may terminate this proxy with respect to the Stockholder at any time at such Grantee’s sole election by written notice provided to Sellerthe Stockholder.

Appears in 2 contracts

Sources: Voting Agreement (Ruths Hospitality Group, Inc.), Voting Agreement (Ruths Hospitality Group, Inc.)

Grant of Irrevocable Proxy. 3.1 Seller Each Stockholder hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact CME, and any other Person designated by CME in writing (collectively, the "Grantees"), each of them individually, with full power of substitution and resubstitution, to the fullest extent of such Stockholder's rights with respect to the Covered GFI Shares, effective as of the date hereof and continuing until the Termination Date (the "Voting Period"), to attendvote (or execute written consents, vote and otherwise act for and on behalf of the Seller in if applicable) with respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the TransactionCovered GFI Shares as required pursuant to Section 2.1 hereof. The proxy granted by each Stockholder hereunder shall be irrevocable during the Voting Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy, and each Stockholder (a) will take such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of further action or execute such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required may be necessary to effect effectuate the grant intent of irrevocable this proxy provided for in this Section 3.1. 3.2 Seller and (b) hereby revokes any proxies heretofore given proxy previously granted by Seller in such Stockholder with respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7any Covered GFI Shares. The irrevocable proxy power of attorney granted by Seller herein each Stockholder hereunder is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity dissolution of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except such Stockholder. Other than as provided abovein this Section 2.2, no Stockholder shall directly or indirectly grant any Person any proxy (revocable or irrevocable), power of attorney or other authorization with respect to any of such Stockholder's Covered GFI Shares. Seller may vote For Covered GFI Shares as to which any Stockholder is the Subject Securities on all other matters. 3.5 The Acquiror Beneficial Owner but not the holder of record, such Stockholder shall cause any holder of record of such Covered GFI Shares to grant to the Grantees a proxy to the same effect as that described in this Section 2.2. CME may terminate this proxy with respect to any Stockholder at any time at its sole election by written notice provided to Sellersuch Stockholder.

Appears in 2 contracts

Sources: Support Agreement (Jersey Partners Inc.), Support Agreement (Jersey Partners Inc.)

Grant of Irrevocable Proxy. 3.1 Seller By executing this Agreement, the Stockholder hereby irrevocably (to the fullest extent permitted by law) appoints the Acquiror and each of its executive officers or other designees (the “Proxyholders”)▇▇▇ ▇. ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ of Customers, as Seller’s proxy the sole and attorney-in-fact (exclusive attorneys and proxies of the undersigned Shareholder, with full power of substitution and resubstitution, to vote and exercise all voting and related rights (to the full extent that the undersigned Shareholder is entitled to do so) with respect to the Shares in accordance with the terms of this Agreement (which is referred to herein as the “Proxy”). The Proxy is irrevocable (to the fullest extent permitted by law), is coupled with an interest and is granted pursuant this Agreement. The Proxy is granted in consideration of Customers’ agreement to attendmerge with the Company pursuant the Merger, vote and otherwise act for and on behalf in such merger the Stockholder will be entitled to receive a portion of the Seller Merger Consideration (as defined in the Agreement and Plan of Merger). The Stockholder, at Customers’ request, will take such further action or execute such other instruments as may be necessary to effectuate the intent of the Proxy and the Stockholder hereby revokes any proxy previously granted with respect to the Shares in connection with any of the Voting Matters. Customers may, in its Subject Securities sole discretion, inform the Stockholder that it does not intend to utilize the Proxy and in such case, the Stockholder shall appear and vote the Shares or provide written consent as provided in Section 5 hereof and the Proxy shall be of no force or effect; provided, however, that if the Stockholder shall fail to appear and vote the Shares or provide written consent as provided in Section 5 hereof, the Proxy shall immediately become effective and exercisable by Customers according to its terms. The Shares beneficially owned by the Stockholder as of the date of this Agreement are listed on the signature page hereto, along with the number(s) of the stock certificate(s) representing such Shares (to the extent such number is readily available as of the date hereof). Except as otherwise provided herein, upon the Stockholder’s execution of this Agreement, granting the Proxy, any and all prior proxies given by the undersigned Shareholder with respect to any Shares are hereby revoked and terminated, and the Stockholder agrees not to grant any subsequent proxies with respect to the Shares until after the Expiration Date. The attorneys and proxies named above, and each of them, are hereby authorized and empowered by the Stockholder, at any time prior during the Voting Period, to act as the Stockholder’s attorney and proxy to vote all matters which may come before a of the Shares, and to exercise all voting, consent and similar rights of the undersigned Shareholder with respect to all of the Shares (including, without limitation, the power to execute and deliver written consents) at every annual or special meeting of stockholders of the Company Securityholders relating to the Transaction(and at every adjournment or postponement thereof), and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise in every written consent in lieu of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments meeting, all as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, The attorneys and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller herein is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of Seller. 3.4 The Proxyholders proxies named above may not exercise this irrevocable proxy the Proxy on any matter except as provided aboveother than the Voting Matters. Seller The Stockholder may vote the Subject Securities Shares on all other matters. 3.5 . Any obligation of Stockholder herein shall be binding upon the successors and assigns of Stockholder. The Acquiror may terminate this proxy at any time by written notice to Seller.Proxy shall terminate, and be of no further force and effect, automatically upon the Expiration Date

Appears in 2 contracts

Sources: Voting and Lock Up Agreement (CMS Bancorp, Inc.), Merger Agreement (CMS Bancorp, Inc.)

Grant of Irrevocable Proxy. 3.1 Seller Each Stockholder hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact Rockets, and any other Person designated by Rockets in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, to the fullest extent of such Stockholder’s rights with respect to the Covered Mavericks Shares, effective as of the date hereof and continuing until the earliest to occur of (i) the time at which ▇▇▇ ▇▇▇▇▇▇▇▇▇ Stockholder Approval shall have been obtained in accordance with applicable Law and the certificate of incorporation and the bylaws of Mavericks and (ii) the termination of the Merger Agreement in accordance with its terms (the “Voting Period”), to attendvote (or execute written consents, vote and otherwise act for and on behalf of the Seller in if applicable) with respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the TransactionCovered Mavericks Shares as required pursuant to Section 2.1, in each case, solely in the event of a failure by such Stockholder to act in accordance with Section 2.1. The proxy granted by each Stockholder under this Agreement shall be irrevocable during the Voting Period and shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy, provided, that such proxy shall not be deemed immediately revoked unless this Agreement is terminated pursuant upon the Transfer of the applicable Covered Mavericks Shares, except for any Transfers among the Stockholders or by a Stockholder to Article 7 prior an Affiliate thereof. Each Stockholder (a) will take such further action or execute such other instruments as may be necessary to effectuate the exercise intent of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller 2.2 and (b) hereby revokes any proxies heretofore given proxy previously granted by Seller in such Stockholder with respect to any Covered Mavericks Shares. The power of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance attorney granted by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller each Stockholder under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller herein Section 2.2 is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity dissolution of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except such Stockholder. Other than as provided abovein this Section 2.2, no Stockholder shall directly or indirectly grant any Person any proxy (revocable or irrevocable), power of attorney or other authorization with respect to any of such Stockholder’s Covered Mavericks Shares. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror Rockets may terminate this proxy with respect to any Stockholder at any time at its sole election by written notice provided to Sellersuch Stockholder.

Appears in 2 contracts

Sources: Merger Support Agreement, Merger Support Agreement (Dynegy Inc.)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby irrevocably appoints the Acquiror Parent and each of its executive officers or other designees (the “Proxyholders”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place, and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Proxyholders, with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of Stockholders at which any of the Company Securityholders relating matters described in Section 3 hereof are to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller (b) Stockholder hereby revokes any proxies heretofore given by Seller Stockholder in respect of the Subject SecuritiesShares. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 2-507 of the Maryland General Corporation Law, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of SellerStockholder. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided in Section 3 above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy at any time by written notice to SellerStockholder.

Appears in 2 contracts

Sources: Merger Agreement (Southside Bancshares Inc), Stockholder Voting and Support Agreement (OmniAmerican Bancorp, Inc.)

Grant of Irrevocable Proxy. 3.1 Seller The Stockholder hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact the Company, and any other Person designated by the Company in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, effective as of the date hereof and continuing until the Termination Date (the “Voting Period”), to attendvote (or execute written consents, vote and otherwise act for and on behalf of the Seller in if applicable) with respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the TransactionCovered Parent Ordinary Shares as required pursuant to Section 2.1(a) and Section 2.1(b) hereof. The proxy granted by the Stockholder hereunder shall be irrevocable during the Voting Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy, and the Stockholder (a) will take such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of further action or execute such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required may be necessary to effect effectuate the grant intent of irrevocable this proxy provided for in this Section 3.1. 3.2 Seller and (b) hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance previously granted by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given Stockholder with respect to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7any Covered Parent Ordinary Shares. The irrevocable proxy power of attorney granted by Seller herein the Stockholder hereunder is a durable power of attorney and shall survive the dissolutionbankruptcy or dissolution of the Stockholder. For Covered Parent Ordinary Shares as to which the Stockholder is the Beneficial Owner but not the holder of record, bankruptcythe Stockholder shall use reasonable best efforts to cause any holder of record of such Covered Parent Ordinary Shares to grant to the Grantees a proxy to the same effect as that described in this Section 2.3. The proxy granted by the Stockholder shall not be exercised to vote, consent or incapacity of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy act on any matter except as provided abovecontemplated by Section 2.1 and Section 2.3 of this Agreement. Seller may vote The proxy granted by the Subject Securities on all other mattersStockholder shall be revoked, terminated and of no further force or effect, automatically and without further action, upon the valid termination of this Agreement in accordance with Section 5.1. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Support Agreement (Sezzle Inc.)

Grant of Irrevocable Proxy. 3.1 Seller Each Stockholder hereby appoints the Acquiror Buyer and any designee of the Buyer, and each of its executive officers or other designees (the “Proxyholders”)them individually, as Sellersuch Stockholder’s proxy and attorney-in-fact (and proxy, with full power of substitution and resubstitution)re-substitution, to attend, vote and otherwise act for and on behalf of the Seller in respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth Shares, or to act by written consent in this Article 3 is given respect thereof, in connection accordance with the performance by the Company Section 2. This power of its obligations under the Arrangement Agreement, attorney and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholders’ obligations under this Agreement. Seller Each Stockholder acknowledges that THIS POWER OF ATTORNEY AND PROXY (a) IS COUPLED WITH AN INTEREST, (b) constitutes, among other things, an inducement for the Buyer and the Merger Sub to enter into the Merger Agreement and (c) IS IRREVOCABLE AND WILL NOT BE TERMINATED UPON THE OCCURRENCE OF ANY EVENT; provided, that this power of attorney and proxy will terminate upon the Termination Date. Each Stockholder hereby further affirms ratifies and confirms all that the irrevocable this power of attorney and proxy is coupled with an interest, is intended may lawfully do or cause to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7done by virtue hereof. The irrevocable proxy power of attorney granted by Seller each Stockholder herein is a durable power of attorney and shall will survive the dissolution, bankruptcy, bankruptcy or other incapacity of Seller. 3.4 The Proxyholders may not exercise this such Stockholder; and the proxy granted herein by each Stockholder is executed and intended to be irrevocable proxy on any matter except as provided abovein accordance with the provisions of Section 212(e) of the Delaware General Corporation Law. Seller may vote Each Stockholder hereby revokes all other powers of attorney and proxies with respect to the Subject Securities on all Shares that it may have heretofore appointed or granted, and agrees that it will not, during the Term of this Agreement, appoint or grant any subsequent power of attorney or proxy (and if appointed or granted in violation hereof, any such power of attorney or proxy will not be effective). Each Stockholder will promptly cause a fully executed copy of this Agreement to be delivered to the Buyer. Each Stockholder will take such further action or execute such other mattersinstruments as may be necessary to effectuate the intent of this Section 3. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Voting Agreement (Security Capital Corp/De/)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby irrevocably appoints the Acquiror Parent and each of its executive officers or other designees (the “Proxyholders”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place, and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Proxyholders, with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of Stockholders at which any of the Company Securityholders relating matters described in Section 3 hereof are to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller (b) Stockholder hereby revokes any proxies heretofore given by Seller Stockholder in respect of the Subject SecuritiesShares. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 21-369(b) of the Texas Business Organizations Code, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of SellerStockholder. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided in Section 3 above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy at any time by written notice to SellerStockholder. Notwithstanding anything to the contrary herein, the proxy granted hereby shall automatically terminate on the Expiration Date.

Appears in 1 contract

Sources: Merger Agreement (Southside Bancshares Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby appoints irrevocably grants to, and appoints, the Acquiror Company, and any individuals designated in writing by the Company, and each of its executive officers or other designees (the “Proxyholders”)them individually, as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote such Shares, or grant a consent or approval in respect of its Subject Securities and such Shares solely for the matters set forth in respect Section 3. This proxy shall only be effective if Stockholder fails to appear, or otherwise fails to cause the Shares to be counted as present for purposes of all matters which may come before calculating a quorum, at the Stockholders Meeting or any other meeting of the Company Securityholders relating stockholders of Parent and to vote the TransactionShares in accordance with Section 3 at the Stockholders Meeting or such other meeting, and such the Company hereby acknowledges that the proxy granted hereby shall not be revoked unless effective for any other purpose. Stockholder understands and acknowledges that the Company is entering into the Merger Agreement in reliance upon Stockholder’s execution and delivery of this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1Agreement. 3.2 Seller hereby revokes (b) Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and that any such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless except as expressly provided in this Agreement. Stockholder hereby ratifies and until confirms all actions that the proxies appointed hereunder may lawfully do or cause to be done in accordance with this Agreement is terminated pursuant to Article 7Agreement. The Such irrevocable proxy granted by Seller herein is a durable power executed and intended to be irrevocable in accordance with the provisions of attorney and shall survive Section 2-507 of the dissolution, bankruptcy, or incapacity of SellerMaryland General Corporation Law. 3.4 (d) The Proxyholders attorneys and proxies named in Section 4(a) above may not exercise this irrevocable proxy on any matter other matters except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Voting Agreement (Bounty Investments, LLC)

Grant of Irrevocable Proxy. 3.1 Seller (a) Each CMI Stockholder hereby irrevocably appoints the Acquiror and each of its executive officers or other designees (the “Proxyholders”), Seller’s Representative as Sellersuch CMI Stockholder’s proxy and attorney-in-fact (fact, with full power of substitution and resubstitution), to attendvote or execute any consent or approval with respect to such CMI Stockholder’s Owned Shares now owned or hereafter acquired by such CMI Stockholder, vote and otherwise act for and on behalf of the Seller in respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller hereby revokes any proxies heretofore given by Seller in respect of the Subject Securities. 3.3 Seller hereby affirms that matters described in Section 2.1(a), until the irrevocable proxy set forth Expiration Time and, in this Article 3 is given respect of the matters described in connection with Section 2.1(d), during the performance by the Company of its obligations under the Arrangement Agreement, and that such Applicable Period. This irrevocable proxy is given to secure the performance of the duties of Seller the CMI Stockholders under this Agreement. Seller hereby further affirms None of the CMI Stockholders shall directly or indirectly grant any person any proxy (revocable or irrevocable), power of attorney or other authorization with respect to any of its Owned Shares now owned or hereafter acquired by such CMI Stockholder that is inconsistent with this Agreement. (b) The proxy and power of attorney granted hereunder by each of the irrevocable proxy is CMI Stockholders shall be irrevocable, in respect of the matters described in Section 2.1(a), until the Expiration Time and, in respect of the matters described in Section 2.1(d), during the Applicable Period, shall be deemed coupled with an interest, interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies granted by such CMI Stockholder that is intended to be irrevocableinconsistent with this Agreement, and may under no circumstances be revoked, unless and until each CMI Stockholder acknowledges that this Agreement is terminated pursuant proxy constitutes an inducement for the Sellers to Article 7enter into the Exchange Agreement. The irrevocable proxy power of attorney granted by Seller herein each of the CMI Stockholders is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity any such CMI Stockholder. The proxy and power of Sellerattorney granted hereunder shall terminate automatically, in respect of the matters described in Section 2.1(a), at the Expiration Time and, in respect of the matters described in Section 2.1(d), at the expiration of the Applicable Period. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Voting Agreement (Cumulus Media Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby irrevocably appoints the Acquiror Company and each of its executive officers or other designees (the “Proxyholders”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place, and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Proxyholders, with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders of the Company Securityholders relating at which any of the matters described in Section 3 hereof are to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller (b) Stockholder hereby revokes any proxies heretofore given by Seller Stockholder in respect of the Subject SecuritiesShares. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement AgreementTransaction Documents, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of SellerStockholder. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided aboveabove in Section 3. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Stockholder Voting Agreement (Akcea Therapeutics, Inc.)

Grant of Irrevocable Proxy. 3.1 Seller (a) Except as set forth in Section 4(f) hereof, Stockholder hereby appoints irrevocably (to the Acquiror fullest extent permitted by law) grants to, and appoints, Merger Partner and each of its executive officers or other designees and any of them, in their capacities as officers of Merger Partner (the “Proxyholders”"Grantees"), as Seller’s Stockholder's proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Grantees with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of stockholders at which any of the Company Securityholders relating matters described in Section 3 hereof is to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller hereby revokes (b) Except with respect to any proxy given by the Stockholder in connection with the BiDil Sale, which shall remain in full force and effect and is not revoked or otherwise modified hereby, Stockholder represents that any proxies heretofore given by Seller in respect of the Subject SecuritiesShares that may still be in effect are not irrevocable, and such proxies are hereby revoked. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, interest and may under no circumstances be revoked, unless . Stockholder hereby ratifies and until this Agreement is terminated pursuant to Article 7. The confirms all that such irrevocable proxy granted may lawfully do or cause to be done by Seller herein virtue hereof. Such irrevocable proxy is a durable power executed and intended to be irrevocable in accordance with the provisions of attorney and shall survive Section 212 of the dissolution, bankruptcy, or incapacity of SellerDelaware General Corporation Law. 3.4 (d) The Proxyholders Grantees may not exercise this irrevocable proxy on any other matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Merger Partner may terminate this proxy with respect to Stockholder at any time at its sole election by written notice provided to SellerStockholder. (f) The proxy set forth in this Section 4 shall terminate upon the termination of this Agreement in accordance with Section 10 hereof.

Appears in 1 contract

Sources: Stockholder Agreement (Invus Public Equities, LP)

Grant of Irrevocable Proxy. 3.1 Seller Each Stockholder hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact Royal Gold, and any other Person designated by Royal Gold in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, to the fullest extent of such Stockholder’s rights with respect to the Covered Company Shares, effective as of the date hereof and continuing until the Termination Date (the “Voting Period”), to attendvote (or execute written consents, vote if applicable) with respect to the Covered Company Shares as required pursuant to Section 2.1(a) and otherwise act for and on behalf Section 2.1(b) hereof and, in the discretion of the Seller in Grantees, with respect to any proposed postponement or adjournments of its Subject Securities and in respect any annual or special meetings of all matters which may come before a meeting the stockholders of the Company Securityholders relating (including the Company Stockholder Meeting) at which any of the matters described in Section 2.1(a) was to be considered. The proxy granted by each Stockholder hereunder shall be irrevocable during the TransactionVoting Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy, and each Stockholder (a) will take such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of further action or execute such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required may be necessary to effect effectuate the grant intent of irrevocable this proxy provided for in this Section 3.1. 3.2 Seller and (b) hereby revokes any proxies heretofore given proxy previously granted by Seller in such Stockholder with respect of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance by the to any Covered Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7Shares. The irrevocable proxy power of attorney granted by Seller herein each Stockholder hereunder is a durable power of attorney and shall survive the dissolution, bankruptcybankruptcy or dissolution of such Stockholder. Subject to Section 3.2(b) with respect to the Released Shares following the Trigger Date, or incapacity as provided in this Section 2.3, no Stockholder shall directly or indirectly grant any Person any proxy (revocable or irrevocable), power of Seller. 3.4 The Proxyholders attorney or other authorization with respect to any of such Stockholder’s Covered Company Shares. For Covered Company Shares as to which any Stockholder is the Beneficial Owner but not the holder of record, such Stockholder shall cause any holder of record of such Covered Company Shares to grant to the Grantees a proxy to the same effect as that described in this Section 2.3. Royal Gold may terminate this proxy with respect to any Stockholder at any time at its sole election by written notice provided to such Stockholder. Royal Gold or its designee may not exercise this irrevocable proxy on any matter except as provided abovein this Article II. Seller may The proxy granted pursuant to this Section 2.3 shall be utilized only if a Stockholder fails to vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time or attempts to vote (whether by proxy, in person or by written notice to Sellerconsent), in a manner which is inconsistent with the terms of Section 2.1 of this Agreement.

Appears in 1 contract

Sources: Voting Agreement (Contango ORE, Inc.)

Grant of Irrevocable Proxy. 3.1 Seller (i) During the Support Period, the Stockholder hereby appoints irrevocably and unconditionally grants to, and appoints, Parent and any designee thereof as the Acquiror and each of its executive officers or other designees (the “Proxyholders”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionsubstitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of the Seller Stockholder, to vote or cause to be voted (including by proxy or written consent, if applicable) the Subject Shares of the Stockholder as of the applicable record date in respect accordance with the requirements of its Subject Securities Section 3(a); provided, that the Stockholder’s grant of the proxy contemplated by this Section 3(b) shall be effective if, and in respect of all matters which may come before a only if, the Stockholder has not delivered to the Company prior to the Company Stockholder Meeting and at any other meeting of the stockholders of the Company Securityholders relating at which any of the matters described in Section 3(a) are to be considered, including any adjournment or postponement of each of the Transactionforegoing, and a duly executed proxy card directing that the shares of Company Common Stock of the Stockholder be voted in accordance with the requirements of Section 3(a) or any such proxy card that was delivered shall have been revoked; provided, further, that any grant of such proxy shall not be revoked unless this Agreement is terminated pursuant only entitle Parent or its designee to Article 7 prior vote on the matters specified by Section 3(a), and the Stockholder shall retain the authority to the exercise of such proxy (or vote on all other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1matters. 3.2 Seller (ii) The Stockholder hereby revokes represents that, except as described on Schedule A, the Stockholder has not granted any proxies heretofore given by Seller in with respect of the Subject SecuritiesShares. 3.3 Seller (iii) The Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 3(b) is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller the Stockholder under this Voting Agreement. Seller The parties hereto hereby further affirms affirm that the irrevocable proxy is coupled with an interest, interest and is intended to be irrevocableirrevocable until the conclusion of the Support Period, and may under no circumstances be revokedat which time it will terminate automatically. If for any reason any proxy granted herein is not irrevocable after it becomes effective, unless and then the Stockholder granting such proxy agrees, until this Agreement is terminated pursuant the conclusion of the Support Period, to Article 7vote the Company Common Stock in accordance with the with the requirements of Section 3(a). The irrevocable proxy granted by Seller herein parties hereto agree that the foregoing is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellervoting agreement. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Voting Agreement (Bratton Douglas K)

Grant of Irrevocable Proxy. 3.1 Seller (a) Ionis hereby irrevocably appoints the Acquiror Akcea and each of its executive officers or other designees (the “Proxyholders”), as Seller’s Ionis’ proxy and attorney-in-fact (with full power of substitution and resubstitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place, and stead of Ionis, to vote the Seller Ionis Shares, to instruct nominees or record holders to vote the Ionis Shares, or grant a consent or approval in respect of its Subject Securities and such Ionis Shares in accordance with Section 5.2 and, in the discretion of the Proxyholders, with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of the Company Securityholders relating stockholders of Akcea at which any of the matters described in Section 5.2(a) are to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller (b) Ionis hereby revokes any proxies heretofore given by Seller Ionis in respect of the Subject SecuritiesIonis Shares. 3.3 Seller (c) Ionis hereby affirms that the irrevocable proxy set forth in this Article 3 Section 5.3 is given in connection with the performance by execution of the Company of its obligations under the Arrangement AgreementTransaction Documents, and that such irrevocable proxy is given to secure the performance of the duties of Seller Ionis under this Agreement. Seller Ionis hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 212 of the Delaware General Corporation Law, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Ionis herein is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of SellerIonis. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided aboveabove in Section 5.2. Seller Ionis may vote the Subject Securities Ionis Shares on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Stock Purchase Agreement (Akcea Therapeutics, Inc.)

Grant of Irrevocable Proxy. 3.1 Seller hereby appoints the Acquiror and each of its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact (with full power of substitution and resubstitution), to attend, vote and otherwise act for and on behalf of the Seller in respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(sa) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller The Stockholder hereby revokes any proxies proxy heretofore given granted with respect to any Shares owned by Seller in respect such Stockholder and hereby grants to the Buyer an irrevocable proxy under Section 212(e) of the Subject Securities. 3.3 Seller hereby affirms Delaware General Corporation Law to vote, in any manner that the irrevocable proxy set forth Buyer may determine in this Article 3 is given its sole and absolute discretion to be in connection with the performance by the Company of its obligations under the Arrangement AgreementBuyer's own best interest, and that such irrevocable proxy is given to secure the performance all of the duties Shares with respect to which such Stockholder has voting power at the date hereof at any meeting of Seller under this Agreementstockholders of Company or action by written consent with respect to the Merger, the Merger Agreement or the transactions contemplated thereby. Seller hereby further affirms It is expressly understood and agreed that the foregoing irrevocable proxy is coupled with an interestinterest and that the Buyer shall have no duty, is intended liability and obligation whatsoever to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7the Stockholder arising out of the exercise by the Buyer of the foregoing irrevocable proxy. The Stockholder expressly acknowledges and agrees that (i) such Stockholder will not impede the exercise of the Buyer's rights under the Merger Agreement, (ii) the irrevocable proxy granted by Seller herein is hereunder secures, among other things, the duty in clause (i), and (iii) such Stockholder waives and relinquishes any claim, right or action such Stockholder might have, as a durable power stockholder of attorney and shall survive the dissolutionCompany or otherwise, bankruptcy, against the Buyer or incapacity any of Sellerits Affiliates in connection with any exercise of the irrevocable proxy granted hereunder. 3.4 (b) The Proxyholders may not exercise Stockholder hereby waives notice or right to notice of or to any and all special and general meetings of stockholders during the term of this irrevocable proxy on Agreement and further severally agrees that if any matter except as provided above. Seller may vote notice is given by Company to the Subject Securities on Buyer, such notice will be deemed to have been validly given to such Stockholder for all other matterspurposes. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Merger Agreement (Cyberian Outpost Inc)

Grant of Irrevocable Proxy. 3.1 Seller (a) During the term of this Agreement, Pyxis hereby irrevocably appoints the Acquiror Company and each of its executive officers or other designees (the “Proxyholders”), ) as Seller’s Pyxis’ proxy and attorney-in-fact (with full power of substitution and resubstitutionre-substitution) solely with respect to the matters set forth in Section 2(a), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place and stead of Pyxis, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares, in respect of all matters which may come before a meeting of the Company Securityholders relating to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(seach case in accordance with Section 2(a) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1hereof. 3.2 Seller (b) Pyxis hereby revokes any proxies heretofore given by Seller Pyxis in respect of the Subject SecuritiesShares. 3.3 Seller (c) Pyxis hereby affirms that the irrevocable proxy set forth in this Article Section 3 is given in connection with the performance by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Pyxis under this Agreement. Seller Pyxis hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable during the term of this Agreement, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant revoked prior to Article 7the 2013 Meeting. The irrevocable proxy granted by Seller Pyxis herein is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity of SellerPyxis. 3.4 (d) Notwithstanding anything to the contrary provided in this Agreement, this proxy shall only be effective if Pyxis fails to appear, or otherwise fails to cause the Shares to be counted as present for purposes of calculating a quorum, at the 2013 Meeting, and to vote the Shares in accordance with Section 2(a) at such meeting, and the parties hereto hereby acknowledge that the proxy granted hereby shall not be effective for any other purpose. The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller , and Pyxis may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror may terminate (e) This proxy shall terminate, without the requirement of any further action, upon the termination of this proxy at any time by written notice to SellerAgreement in accordance with Section 5.

Appears in 1 contract

Sources: Voting Agreement and Irrevocable Proxy (Interleukin Genetics Inc)

Grant of Irrevocable Proxy. 3.1 Seller Each Stockholder hereby irrevocably appoints the Acquiror and each of as its executive officers or other designees (the “Proxyholders”), as Seller’s proxy and attorney-in-fact Mavericks, and any other Person designated by Mavericks in writing (collectively, the “Grantees”), each of them individually, with full power of substitution and resubstitution, to the fullest extent of such Stockholder’s rights with respect to the Covered Rockets Shares, effective as of the date hereof and continuing until the earliest to occur of (i) the time at which the Rockets Stockholder Approval shall have been obtained in accordance with applicable Law and the certificate of incorporation and the bylaws of Rockets and (ii) the termination of the Merger Agreement in accordance with its terms (the “Voting Period”), to attendvote (or execute written consents, vote and otherwise act for and on behalf of the Seller in if applicable) with respect of its Subject Securities and in respect of all matters which may come before a meeting of the Company Securityholders relating to the TransactionCovered Rockets Shares as required pursuant to Section 2.1, in each case, solely in the event of a failure by such Stockholder to act in accordance with Section 2.1. The proxy granted by such Stockholder under this Agreement shall be irrevocable during the Voting Period and shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy, provided, that such proxy shall not be deemed immediately revoked unless this Agreement is terminated pursuant upon the Transfer of the applicable Covered Rockets Shares, except for any Transfers among the Stockholders or by a Stockholder to Article 7 prior an Affiliate thereof. Each Stockholder (a) will take such further action or execute such other instruments as may be necessary to effectuate the exercise intent of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1. 3.2 Seller 2.2 and (b) hereby revokes any proxies heretofore given proxy previously granted by Seller in such Stockholder with respect to any Covered Rockets Shares. The power of the Subject Securities. 3.3 Seller hereby affirms that the irrevocable proxy set forth in this Article 3 is given in connection with the performance attorney granted by the Company of its obligations under the Arrangement Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller each Stockholder under this Agreement. Seller hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocable, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller herein Section 2.2 is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity dissolution of Seller. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except such Stockholder. Other than as provided abovein this Section 2.2, no Stockholder shall directly or indirectly grant any Person any proxy (revocable or irrevocable), power of attorney or other authorization with respect to any of such Stockholder’s Covered Rockets Shares. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror Mavericks may terminate this proxy with respect to any Stockholder at any time at its sole election by written notice provided to Sellersuch Stockholder.

Appears in 1 contract

Sources: Merger Support Agreement (Vistra Energy Corp)

Grant of Irrevocable Proxy. 3.1 Seller (a) Stockholder hereby irrevocably appoints the Acquiror Parent and each of its executive officers or other designees (the “Proxyholders”), as SellerStockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitution), and grants to attendthe Proxyholders full authority, vote and otherwise act for and on behalf in the name, place, and stead of Stockholder, to vote the Seller Shares, to instruct nominees or record holders to vote the Shares, or grant a consent or approval in respect of its Subject Securities and such Shares in accordance with Section 3 hereof and, in the discretion of the Proxyholders, with respect to any proposed adjournments or postponements of all matters which may come before a any meeting of Stockholders at which any of the Company Securityholders relating matters described in Section 3 hereof are to the Transaction, and such proxy shall not be revoked unless this Agreement is terminated pursuant to Article 7 prior to the exercise of such proxy (or other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1considered. 3.2 Seller (b) Stockholder hereby revokes any proxies heretofore given by Seller Stockholder in respect of the Subject SecuritiesShares. 3.3 Seller (c) Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 4 is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller Stockholder under this Agreement. Seller Stockholder hereby further affirms that the irrevocable proxy is coupled with an interest, is intended to be irrevocableirrevocable in accordance with the provisions of Section 351.245 of the General and Business Corporation Law of Missouri, and may under no circumstances be revoked, unless and until this Agreement is terminated pursuant to Article 7. The irrevocable proxy granted by Seller Stockholder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, bankruptcy or incapacity of SellerStockholder. 3.4 (d) The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller Stockholder may vote the Subject Securities Shares on all other matters. 3.5 The Acquiror (e) Parent may terminate this proxy at any time by written notice to SellerStockholder. (f) This proxy shall terminate and be of no further force or effect whatsoever immediately upon termination of this Agreement pursuant to the terms of Section 8 hereof.

Appears in 1 contract

Sources: Stockholder Voting Agreement (Zoltek Companies Inc)

Grant of Irrevocable Proxy. 3.1 Seller (i) During the Support Period, each Stockholder hereby appoints the Acquiror irrevocably and each of its executive officers or other designees (the “Proxyholders”)unconditionally grants to, and appoints, Parent and any designee thereof as Sellersuch Stockholder’s proxy and attorney-in-fact (with full power of substitution and resubstitutionsubstitution), to attend, vote and otherwise act for and on behalf in the name, place and stead of such Stockholder, to vote or cause to be voted (including by proxy or written consent, if applicable) the Subject Shares of such Stockholder as of the Seller applicable record date in respect accordance with the requirements of its Subject Securities Section 3(a); provided, that each Stockholder’s grant of the proxy contemplated by this Section 3(b) shall be effective if, and in respect of all matters which may come before a only if, such Stockholder has not delivered to the Company prior to the Company Stockholder Meeting and at any other meeting of the stockholders of the Company Securityholders relating at which any of the matters described in Section 3(a) are to be considered, including any adjournment or postponement of each of the Transactionforegoing, and a duly executed proxy card directing that the shares of Company Common Stock of such Stockholder be voted in accordance with the requirements of Section 3(a) or any such proxy card that was delivered shall have been revoked; provided, further, that any grant of such proxy shall not be revoked unless this Agreement is terminated pursuant only entitle Parent or its designee to Article 7 prior vote on the matters specified by Section 3(a), and each Stockholder shall retain the authority to the exercise of such proxy (or vote on all other voting instrument). Seller agrees to deliver (including by instructing the participant(s) in the book-based system operated by CDS Clearing and Depository Services Inc. or other intermediary through which the Seller holds the Subject Securities to arrange for such delivery) any such instruments as are required to effect the grant of irrevocable proxy provided for in this Section 3.1matters. 3.2 Seller (ii) Each Stockholder hereby revokes represents that, except as described on Schedule A, such Stockholder has not granted any proxies heretofore given by Seller in with respect of the Subject SecuritiesShares. 3.3 Seller (iii) Each Stockholder hereby affirms that the irrevocable proxy set forth in this Article 3 Section 3(b) is given in connection with the performance by execution of the Company of its obligations under the Arrangement Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of Seller such Stockholder under this Voting Agreement. Seller The parties hereto hereby further affirms affirm that the irrevocable proxy is coupled with an interest, interest and is intended to be irrevocableirrevocable until the conclusion of the Support Period, and may under no circumstances be revokedat which time it will terminate automatically. If for any reason any proxy granted herein is not irrevocable after it becomes effective, unless and then the Stockholder granting such proxy agrees, until this Agreement is terminated pursuant the conclusion of the Support Period, to Article 7vote the Company Common Stock in accordance with the with the requirements of Section 3(a). The irrevocable proxy granted by Seller herein parties hereto agree that the foregoing is a durable power of attorney and shall survive the dissolution, bankruptcy, or incapacity of Sellervoting agreement. 3.4 The Proxyholders may not exercise this irrevocable proxy on any matter except as provided above. Seller may vote the Subject Securities on all other matters. 3.5 The Acquiror may terminate this proxy at any time by written notice to Seller.

Appears in 1 contract

Sources: Voting Agreement (Minnich Michael)