Termination of Proxy Clause Samples

Termination of Proxy. BTC and BCI IV hereby terminate and revoke their proxy granted to ▇▇▇▇▇▇ pursuant to Section 3(b) of the Inducement Agreement.

Termination of Proxy. The proxy shall terminate upon such time as all of the Tangram Stock is no longer subject to the Escrow Agreement.

Termination of Proxy. Any Proxy granted pursuant to Subsection 5.1 shall terminate on the earlier of the date on which (i) the Company consummates its first Qualified IPO (as defined in the Amended Articles as in effect on the date hereof), or (ii) Rainy Day or its Affiliates cease to hold, in the aggregate, at least forty percent (40%) of the outstanding Common Shares issued or issuable upon conversion of the Junior Preferred Shares (assuming the exercise and conversion of all outstanding options, warrants and convertible securities). If at the time that either of the foregoing events occurs, no Proxy has been granted, the obligation to grant a Proxy pursuant to Subsection 5.1 shall terminate upon the occurrence of such event.

Termination of Proxy. The proxies granted in Section 3(a) shall terminate with respect to a Trust upon the earlier to occur of the date that such Trust no longer holds or beneficially owns any Shares or seven (7) years from the date hereof. Upon termination of proxies with respect to a Trust, the proxies granted by Section 3(a) shall be apportioned among the remaining Trusts.

Termination of Proxy. The agreement to vote and proxy granted herein shall terminate: (a) 120 days after the date of (i) a determination by the Board of Directors of the Company not to submit the Company Plan of Liquidation to the Company's stockholders for approval or (ii) a vote by the stockholders of the Company at any meeting at which the Company Plan of Liquidation was voted upon and not approved (but shall continue in full force and effect until the end of such 120 day period, including for purposes of voting on the Company Plan of Liquidation at any meeting of the stockholders of the Company following the meeting at which the Company Plan of Liquidation was voted on and not approved); or (b) upon termination of the Legends Purchase Agreement by Legends Golf Holding, LLC as a result of Golf Trust of America L.P. being in material breach of the Legends Purchase Agreement (after notice and a reasonable opportunity to cure to the extent provided in the Legends Purchase Agreement) that will cause irreparable harm to Legends Golf Holding, LLC or the Legends OP Unitholders, as determined by a final judicial order by a court of proper jurisdiction.

Termination of Proxy. The proxy granted to Mort▇▇ ▇▇▇suant to Section 3.1 shall terminate and be of no further force or effect upon the first to occur of (i) ten (10) years after the Effective Time; (ii) Mort▇▇'▇ ▇▇▇th or Disability (as defined in the Employment Agreement); (iii) in the event Mort▇▇ ▇▇▇minates his employment with the Corporation (other than a Constructive Termination as defined in the Employment Agreement); or (iv) in the event of Mort▇▇'▇ ▇▇▇mination of employment by the Corporation for Cause (as defined in the Employment Agreement). The date of the occurrence of any such event described in clauses (i) through (iv) being referred to herein as the "Proxy Termination Date".

Termination of Proxy. The proxy granted to ▇▇▇▇▇▇ pursuant to Section 3.1 shall terminate and be of no further force or effect upon the earliest to occur of (i) ten years after the Effective Time; (ii) ▇▇▇▇▇▇'▇ death or Disability (as defined in the Employment Agreement); (iii) in the event ▇▇▇▇▇▇ terminates his employment with the Corporation (other than a Constructive Termination as defined in the Employment Agreement); (iv) in the event of ▇▇▇▇▇▇'▇ termination by the Corporation for Cause (as defined in the Employment Agreement) or (v) in the event that ▇▇▇▇▇▇'▇ ownership of Class A Common Stock falls below 1,096,425 Shares, including for this purpose Shares issuable upon conversion, exercise or exchange of all Common Stock Equivalents, as adjusted to reflect stock splits and similar actions in respect of the Class A Common Stock after the Effective Time (the date of the occurrence of any such event described in clauses (i) through (v) being referred to as the "Proxy Termination Date").

Termination of Proxy. The Stockholder hereby affirms that the proxy set forth in this Section 2 is irrevocable, is coupled with an interest, and is granted in consideration of Parent and Acquisition Corp. entering into the Merger Agreement; provided that, for the avoidance of doubt, the proxy set forth in this Section 2 shall terminate automatically upon termination of this Agreement.

Termination of Proxy. The proxy granted to Mort▇▇ ▇▇▇suant to Section 3.1 shall terminate and be of no further force or effect upon the earliest to occur of (i) ten years after the Effective Time; (ii) Mort▇▇'▇ ▇▇▇th or Disability (as defined in the Employment Agreement); (iii) in the event Mort▇▇ ▇▇▇minates his employment with the Corporation (other than a Constructive Termination as defined in the Employment Agreement); (iv) in the event of Mort▇▇'▇ ▇▇▇mination by the Corporation for Cause (as defined in the Employment Agreement) or (v) in the event that Mort▇▇'▇ ▇▇▇ership of Class A Common Stock falls below 1,096,425 Shares, including for this purpose Shares issuable upon conversion, exercise or exchange of all Common Stock Equivalents, as adjusted to reflect stock splits and similar actions in respect of the Class A Common Stock after the Effective Time (the date of the occurrence of any such event described in clauses (i) through (v) being referred to as the "Proxy Termination Date").