Common use of Successor Proxy Clause in Contracts

Successor Proxy. In the event that the Proxy is unable or unwilling to serve as the Proxy, a successor proxy (who will become the Proxy under this Agreement, if appointed in accordance with this Section 11) may be appointed by the Proxy at its discretion, or if the Proxy is unable to make such appointment by the consent of the successors to the Company’s individual shares of capital stock that hold a majority interest in such shares. A successor proxy shall be vested with all the rights, powers and authority as if originally named in this Agreement.

Appears in 6 contracts

Sources: Voting Agreement (KALA BIO, Inc.), Voting Agreement (Sow Good Inc.), Voting Agreement (Indaptus Therapeutics, Inc.)

Successor Proxy. In the event that the Proxy is unable or unwilling to serve as the Proxy, a successor proxy (who will become the Proxy under this Agreement, if appointed in accordance with this Section 11) may be appointed by the Proxy at its his discretion, or if the Proxy is unable to make such appointment due to his death or incapacity to act, by the consent of the successors to the CompanyProxy’s individual shares of capital stock Stock that hold a majority interest in such shares. A successor proxy Proxy shall be vested with all the rights, powers and authority as if originally named in this Agreement.

Appears in 2 contracts

Sources: Voting Agreement (Ultimax Digital, Inc.), Shareholders’ Voting Agreement (Summit Brokerage Services Inc / Fl)

Successor Proxy. In the event that the Proxy is unable or unwilling to serve as the Proxy, a successor proxy (who will become the Proxy under this Agreement, if appointed in accordance with this Section 11) may be appointed by the Proxy at its his discretion, or if the Proxy is unable to make such appointment due to his death or incapacity to act, by the consent of the successors to the Company’s Proxy's individual shares of capital stock Stock that hold a majority interest in such shares. A successor proxy Proxy shall be vested with all the rights, powers and authority as if originally named in this Agreement.

Appears in 2 contracts

Sources: Shareholders' Voting Agreement (Parker Richard), Shareholders' Voting Agreement (Summit Brokerage Services Inc / Fl)

Successor Proxy. In the event that the Proxy is unable or unwilling to serve as the Proxy, a successor proxy (who will become the Proxy under this Agreement, if appointed in accordance with this Section 119) may be appointed by the Proxy at its his discretion, or if the Proxy is unable to make such appointment due to his death or incapacity to act, by the consent of the successors to the CompanyProxy’s individual shares of capital stock of the Company that hold a majority interest in such shares. A successor proxy shall be vested with all the rights, powers and authority as if originally named in this Agreement.

Appears in 2 contracts

Sources: Voting Agreement (Lazar David E.), Voting Agreement (Hitchcock Jeremy P.)