Common use of Post Completion Clause in Contracts

Post Completion. 6.1. Title, property and risk 6.2. Exercise of rights of registered shareholder (a) From Completion until the Completion Sale Shares are registered in the name of the Buyer, the Participating Sellers and the Trustee (on behalf of the Beneficial Holders that are Participating Sellers) (as applicable) must: (i) appoint the nominees of the Buyer as sole proxy and corporate representative of the Sellers to attend members' meetings, exercise the votes attached to the Completion Sale Shares and sign any members' resolution; (ii) not itself attend or vote at those meetings or sign any resolutions; and (iii) take all other actions in the capacity of a registered holder of the Completion Sale Shares as the Buyer directs. (b) The Buyer must indemnify the Participating Sellers and the Trustee (as applicable) from all liability arising out of the implementation of any action taken by the Buyer pursuant to the proxy referred to in clause 6.2(a).