By Appointee Clause Samples
The "By Appointee" clause defines the rights or obligations that are specifically assigned to an individual or entity appointed under the agreement. In practice, this clause outlines the scope of authority, responsibilities, or actions that the appointee is permitted or required to undertake, such as making decisions, executing documents, or representing a party in certain matters. Its core function is to clearly delineate the powers and duties of the appointee, ensuring that all parties understand the extent and limits of the appointee's role, thereby preventing disputes or confusion regarding delegated authority.
By Appointee. Without limiting the power to amend this Investor Proxy Agreement granted by Section 10.1, this Investor Proxy Agreement may be amended by SeedInvest and any subsequent appointee to effect changes of a ministerial nature that do not materially and adversely affect the rights, duties or obligations of the Purchasers, including accepting additional Purchasers to reflect the issuance or transfer of Portfolio Company Securities.