Common use of Exercise of Proxy Rights Clause in Contracts

Exercise of Proxy Rights. 3.1 Each Shareholder shall provide full assistance with the exercise of the Proxy Rights by the Proxy, including, when necessary (for instance there is a requirement to be complied with, for the approval, registration or filing with a government agency), signing any shareholders resolutions of the Target Company voted for by the Proxy or other related legal documents. 3.2 If, for any reason (other than an Event of Default by each Shareholder or the Target Company), the grant or exercise of any of the Proxy Rights under this Agreement becomes impossible, each parties shall identify an alternative solution most akin to the provisions of this Agreement at issue, and, if necessary, execute a supplementary agreement to amend or adjust the provisions of this Agreement to ensure the realization of the intentions of this Agreement.

Exercise of Proxy Rights. 3.1 Each Shareholder shall provide full assistance with for the exercise of the Proxy Rights by the Proxy, including, when necessary (for instance there is a requirement i.e. to be complied with, for comply with the required approval, registration or filing with a government agency), signing any shareholders resolutions of the Target Company voted for by the Proxy or other related legal documents. 3.2 If, for any reason (other than an Event of Default by each Shareholder or the Target Company), the grant or exercise of any of the Proxy Rights under this Agreement becomes impossible, each parties party shall identify an alternative solution most akin to the provisions of this Agreement at issue, and, if necessary, execute a supplementary agreement to amend or adjust the provisions of this Agreement to ensure the realization of the intentions purposes of this Agreement.