Common use of Appointment; Acceptance Clause in Contracts

Appointment; Acceptance. By executing this Agreement, each of the Employee Shareholders hereby irrevocably constitutes and appoints the Shareholders’ Representative or any assignee or successor thereof, acting individually as hereinafter provided, as his or her attorney-in-fact and agent to act in his or her name, place and xxxxx in connection with all matters arising from and under this Agreement after the date of this Agreement, and agrees and acknowledges that such appointment is coupled with an interest. By executing this Agreement, the Shareholders’ Representative hereby (i) accepts its appointment and authorization to act as the Shareholders’ Representative and as attorney-in-fact and agent in accordance with the terms hereof and (ii) agrees to perform its obligations hereunder, and otherwise to comply with this Article VIII.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Actuant Corp), Stock Purchase Agreement (Actuant Corp)

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Appointment; Acceptance. By executing this Agreement, each of the Employee Shareholders hereby irrevocably constitutes and appoints the Shareholders' Representative or any assignee or successor thereof, acting individually as hereinafter provided, as his or her attorney-in-fact and agent to act in his or her name, place and xxxxx in connection with all matters arising from and under this Agreement after the date of this Agreement, and agrees and acknowledges that such appointment is coupled with an interest. By executing this Agreement, the Shareholders' Representative hereby (i) accepts its appointment and authorization to act as the Shareholders' Representative and as attorney-in-fact and agent in accordance with the terms hereof and (ii) agrees to perform its obligations hereunder, and otherwise to comply with this Article VIII.

Appears in 1 contract

Samples: Stock Purchase Agreement (Key Components LLC)

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Appointment; Acceptance. By executing this Agreement, each of the Employee Shareholders Stockholders hereby irrevocably constitutes and appoints the Shareholders’ Representative Stockholders' Representative, or any assignee or successor thereof, acting individually as hereinafter provided, as its, his or her attorney-in-fact and agent to act in its, his or her name, place and xxxxx stead in connection with all matters arising from and under this Agreement any Traxxxxxion Document after the date of this AgreementClosing Date, and agrees and acknowledges that such appointment is coupled with an interest. By executing this Agreement, the Shareholders’ Stockholders' Representative hereby (i) accepts its appointment and authorization to act as the Shareholders’ Stockholders' Representative and as attorney-in-fact and agent in accordance with the terms hereof and (ii) agrees to perform its obligations hereunder, and otherwise to comply with this Article VIII10.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Interland Inc /Mn/)

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