Common use of PRINCIPAL’S REPRESENTATIVE Clause in Contracts

PRINCIPAL’S REPRESENTATIVE. Each Principal has appointed ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ as his or its representative, agent, and attorney-in-fact ("Principals' Representative") pursuant to an agreement in the form of Exhibit 13.15 ("Principals' Representative Agreement") and has provided to the Principals' Representative the full legal authority, capacity, and power to act on behalf of such Principal with respect to any matters arising under this Agreement or in connection therewith. Merger Subsidiary, WTI and WTC shall be entitled to rely, and shall in no way be liable for relying, on the full legal authority, capacity, and power of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ to act on behalf of each Principal with respect to any matters arising under this Agreement or in connection therewith without further inquiry, and each Principal shall hold each of Merger Subsidiary, WTI and WTC harmless from any liability or loss arising out of the reliance by any of them on that power-of-attorney. If the Principals, by Majority Vote, provide WTI, WTC and their Permitted Transferees and Affiliates with 30 days' notice that ▇▇▇▇▇▇ has been terminated as Principals' Representative, WTI, WTC and their Permitted Transferees and Affiliates shall cease to rely on ▇▇▇▇▇▇ as Principals' Representative and shall rely on any successor Principals' Representative who such Principals so designate as the new "Principals' Representative." The term "Majority Vote" has the meaning assigned to such term in the LLC Agreement.

Appears in 2 contracts

Sources: Merger Agreement (Wilmington Trust Corp), Merger Agreement (Wilmington Trust Corp)

PRINCIPAL’S REPRESENTATIVE. Each Principal has appointed R▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ as his or its representative, agent, agent and attorney-in-fact ("Principals' Representative") pursuant to an agreement in the form of Exhibit 13.15 D ("Principals' Representative Agreement") and has provided to the Principals' Representative the full legal authority, capacity, and power to act on behalf of such that Principal with respect to any matters arising under this Agreement or in connection therewith. Merger SubsidiaryEach of B▇▇▇▇▇▇▇▇, WTI and WTC shall be entitled to rely, and shall in no way be liable for relying, on the full legal authority, capacity, and power of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ the Principals' Representative to act on behalf of each Principal with respect to any matters matter arising under this Agreement hereunder or in connection therewith herewith without further inquiry, and each . Each Principal shall hold each of Merger SubsidiaryB▇▇▇▇▇▇▇▇, WTI and WTC harmless from any liability or loss arising out of the reliance by any of them on that power-of-attorney. If the Principals, by Majority Vote, provide WTIeach of B▇▇▇▇▇▇▇▇, WTI and WTC and their Permitted Transferees and Affiliates with 30 days' notice that R▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ has been terminated as Principals' Representative, WTIB▇▇▇▇▇▇▇▇, WTI and WTC and their Permitted Transferees and Affiliates shall cease to rely on R▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ as Principals' Representative and shall rely on any successor Principals' Representative who such those Principals so designate as the new "Principals' Representative. [Signature Pages Follow." The term "Majority Vote" has the meaning assigned to such term in the LLC Agreement.]

Appears in 1 contract

Sources: Purchase Agreement (Wilmington Trust Corp)