Common use of Voting of Pledged Shares Clause in Contracts

Voting of Pledged Shares. Subject to the provisions of the Articles and the Investment Agreement, Pledgor hereby irrevocably constitutes and appoints Secured Party in connection with all securities that comprise the Collateral, whether or not the securities have been transferred into the name of Secured Party or its nominee, as Pledgor’s proxy (and such proxy shall be deemed to be coupled with an interest) with full power, solely upon the occurrence and during the continuance of an Event of Default and the exercise of Secured Party’s rights under this Section 7, to:

Appears in 4 contracts

Samples: Pledge Agreement (Authoriszor Inc), Pledge Agreement (Authoriszor Inc), Pledge Agreement (Authoriszor Inc)

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Voting of Pledged Shares. Subject to the provisions of the Articles and the Investment Agreement, Pledgor hereby irrevocably constitutes and appoints Secured Party in connection with all securities that Securities which comprise the Collateral, whether or not the securities Securities have been transferred into the name nature of Secured Party or its nominee, as Pledgor’s 's proxy (and such proxy shall be deemed to be coupled with an interest) with full power, solely upon the occurrence and during the continuance of an Event of Default and the exercise of Secured Party’s 's rights under this Section 7, to:

Appears in 1 contract

Samples: Pledge Agreement (Probex Corp)

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