Securityholders’ Agent Appointment Sample Clauses

Securityholders’ Agent Appointment. Each of the Designated Stockholders hereby irrevocably appoints Securityholders’ Agent as their agent for purposes this Section 10, and Securityholders’ Agent hereby accepts his appointment as the Securityholders’ Agent. Parent shall be entitled to deal exclusively with the Securityholders’ Agent on all matters relating to this Section 10, and shall be entitled to rely conclusively (without further evidence of any kind whatsoever) on any document executed or purported to be executed on behalf of any Designated Stockholder by the Securityholders’ Agent, and on any other action taken or purported to be taken on behalf of any Designated Stockholder by the Securityholders’ Agent, as fully binding upon such Designated Stockholder. If the Securityholders’ Agent shall die, become disabled or otherwise be unable to fulfill his responsibilities as agent of the Designated Stockholders, then the Designated Stockholders shall, within ten days after such death or disability, appoint a successor agent and, promptly thereafter, shall notify Parent of the identity of such successor. Any such successor shall become the “Securityholders’ Agent” for purposes of this Section 10. If for any reason there is no Securityholders’ Agent at any time, all references herein to the Securityholders’ Agent shall be deemed to refer to the Designated Stockholders.