Irrevocable Proxies. Concurrent with the execution hereof, TARGET ------------------- shall obtain and deliver to PURCHASER irrevocable proxies in substantially the form of Exhibit 4 hereto from each member of TARGET'S Board of Directors and from certain other affiliates of TARGET, which proxies represent not less than 55% of the outstanding shares of TARGET Common Stock.
Appears in 2 contracts
Sources: Merger Agreement (Abc Bancorp), Merger Agreement (Abc Bancorp)
Irrevocable Proxies. Concurrent with the execution hereof, TARGET ------------------- shall obtain and deliver to PURCHASER irrevocable proxies in substantially the form of Exhibit 4 6 hereto from each member Affiliates of TARGET'S Board of Directors and from certain other affiliates of TARGET, which proxies represent not less than 55TARGET holding in the aggregate 51% of the outstanding shares of Outstanding TARGET Common StockShares.
Appears in 1 contract
Sources: Merger Agreement (Abc Bancorp)