Appointment as Proxy Clause Samples
The 'Appointment as Proxy' clause designates an individual or entity to act on behalf of another party in specified matters, typically in meetings or decision-making processes. This clause outlines the scope of authority granted to the proxy, such as voting rights or the ability to represent the principal at shareholder meetings. Its core function is to ensure that a party's interests are represented even if they cannot be present, thereby facilitating participation and decision-making continuity.
Appointment as Proxy. By executing and delivering a Letter of Transmittal as set forth above (or, in the case of a book-entry transfer, by delivery of an Agent’s Message in lieu of a Letter of Transmittal), the tendering stockholder irrevocably appoints our designees as such stockholder’s proxies, each with full power of substitution, to the full extent of such stockholder’s rights with respect to the Shares tendered by such stockholder and accepted for payment by us and with respect to any and all other Shares or other securities issued or issuable in respect of such Shares on or after the date of the Merger Agreement. All such proxies and powers of attorney will be considered coupled with an interest in the tendered Shares. Such appointment is effective when, and only to the extent that, we accept for payment Shares tendered by such stockholder as provided herein. Upon the effectiveness of such appointment, all prior powers of attorney, proxies and consents given by such stockholder will be revoked, and no subsequent powers of attorney, proxies and consents may be given (and, if given, will not be deemed effective). Our designees will, with respect to the Shares or other securities and rights for which the appointment is effective, be empowered to exercise all voting and other rights of such stockholder as they, in their sole discretion, may deem proper at any annual, special, adjourned or postponed meeting of the stockholders of the Company or otherwise. We reserve the right to require that, in order for Shares to be deemed validly tendered, immediately upon our payment for such Shares we must be able to exercise full voting, consent and other rights to the extent permitted under applicable law with respect to such Shares and other securities, including voting at any meeting of stockholders concerning any matter.
Appointment as Proxy. By executing and delivering a Letter of Transmittal as set forth above (or, in the case of a book-entry transfer, by delivery of an Agent's Message in lieu of a Letter of Transmittal), the tendering stockholder irrevocably appoints designees of the Offeror as that stockholder's proxies, each with full power of substitution, to the full extent of that stockholder's rights with respect to the Shares tendered by that stockholder and accepted for payment by the Offeror and with respect to any and all other Shares or other securities issued or issuable in respect of those Shares on or after the date of the Merger Agreement. All those proxies and powers of attorney will be considered coupled with an interest in the tendered Shares. Such appointment is effective when, and only to the extent that, the Offeror accepts for payment Shares tendered by the stockholder as provided herein. Upon the effectiveness of the appointment, all prior powers of attorney, proxies and consents given by that stockholder will be revoked, and no subsequent powers of attorney, proxies and consents may be given (and, if given, will not be deemed effective). Upon the effectiveness of the appointment, the Offeror's designees will, with respect to the Shares or other securities and rights for which the appointment is effective, be empowered to exercise all voting and other rights of that stockholder as they, in their sole discretion, may deem proper at any annual, special, adjourned or postponed meeting of Smart & Final's stockholders, by written consent in lieu of any such meeting or otherwise. The Offeror reserves the right to require that, in order for Shares to be deemed validly tendered, immediately upon the Offeror's payment for those Shares, the Offeror must be able to exercise full voting, consent and other rights to the extent permitted under applicable law with respect to those Shares and other securities, including voting at any meeting of stockholders or executing a written consent concerning any matter.
Appointment as Proxy. The Holder hereby appoints Parent and any designee of Parent, and each of them individually, as the Holder’s proxies and attorneys-in-fact, with full power of substitution and resubstitution, to vote during the Agreement Period with respect to the Shares in accordance with Section 1. This proxy and power of attorney is given to secure the performance of the duties of the Holder under this Agreement. The Holder shall take such further action or execute such other instruments as may be necessary to effectuate the intent of this proxy. This proxy and power of attorney granted by the Holder shall be irrevocable during the Agreement Period, shall be deemed to be coupled with an interest sufficient in Law to support an irrevocable proxy and shall revoke any and all prior proxies granted by the Holder with respect to the Shares. The power of attorney granted by the Holder herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of the Holder. The proxy and power of attorney granted hereunder shall terminate at the end of the Agreement Period.
Appointment as Proxy. Depositor hereby appoints Custodian as its agent before CANTV. Consequently, Custodian, through its representatives, officers and agents, is hereby authorized to represent the Shares in any and all shareholders meetings of CANTV, without any further document being necessary to such effect, being sufficiently authorized to exercise all voting rights related to the Shares. Custodian shall be authorized to receive solely and exclusively for the account of Depositor, any and all distributions made by CANTV including but not limited to dividends in shares, cash or other securities. Any and all distributions in cash made by CANTV with respect to the Shares shall be kept by Custodian for the account of Depositor unless otherwise instructed in writing by Depositor. Distributions in kind with respect to the Shares shall be kept in custody by Custodian under this Agreement, unless otherwise instructed in writing by Depositor.