Common use of Holder Representative Clause in Contracts

Holder Representative. Each of the Holders hereby appoints the Seller to be the representative (the “Stockholder Representative”) of the Holders following the Closing Date in any manner arising out of this Agreement. For any matter in which the Company is entitled to rely on or otherwise deal with the Holders, the Company shall be entitled to communicate solely with the Stockholder Representative and shall be entitled to rely on any such communication as being the desire and will of each of the Holders. Notice delivered to the Stockholder Representative in accordance with Section 5.4 hereof shall be deemed to be notice to all of the Holders for all purposes.

Appears in 2 contracts

Sources: Stockholder and Registration Rights Agreement (Tanox Inc), Stockholder and Registration Rights Agreement (Tanox Inc)