Common use of Irrevocable Proxies Clause in Contracts

Irrevocable Proxies. Concurrent with the execution hereof, ------------------- TARGET shall obtain and deliver to PURCHASER irrevocable proxies in substantially the form of Exhibit C hereto from each member of TARGET's Board of --------- Directors and from certain other affiliates of TARGET, which proxies shall represent not less than 25% of the outstanding shares of TARGET Common Stock.

Irrevocable Proxies. Concurrent with the execution hereof, ------------------- TARGET shall obtain and deliver to PURCHASER irrevocable proxies in substantially the form of Exhibit C 2 hereto from each member Affiliates of TARGET's Board of --------- Directors and from certain other affiliates of TARGET, which proxies shall represent not less than 25TARGET holding in the aggregate at least 51% of the outstanding shares TARGET Common Stock and, in any event, from all officers and directors of TARGET and from each TARGET shareholder who owns beneficially 5% or more of the TARGET Common Stock.