Company Power of Attorney Sample Clauses
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Company Power of Attorney. The Recipient understands that the Company will, and Recipient hereby authorizes the Company to, issue such instructions to the its transfer agent as the Company may deem necessary or proper to comply with the intent and purposes of this Agreement. This paragraph shall be deemed to constitute a stock power exercisable by the Company in its discretion in furtherance of the purposes of this Agreement.
Company Power of Attorney. 53
(a) Each Seller (other than any member of the Scottish Enterprise Group) and each Exercising Optionholder appoints the Company to be their attorney and to act in their name, granting to the Company full power on their behalf to execute, enter into, sign and/or deliver any deed, agreement, document, indemnity, form or certificate, and do all such other acts and things as the Company in its absolute discretion thinks fit and considers necessary, desirable or appropriate pursuant to, in connection with and/or in the implementation of this Agreement including (without limitation) the power to execute and deliver any deed, agreement, exercise notice, document, indemnity (including an indemnity in relation to a lost share certificate), form, instrument of transfer (including in relation to their Company Shares or Company Warrants) or certificate required pursuant to, or set out in, Section 1.9.
(b) Each Seller and each Exercising Optionholder hereby declares that the power of attorney granted by this Section 5.16 shall be irrevocable until the earlier of: (i) immediately following the Closing; and (iii) the termination of this Agreement in accordance with its terms.