Appointing Shareholder definition
Examples of Appointing Shareholder in a sentence
Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee and Appointing Shareholder indemnification rights to the fullest extent permitted by applicable laws.
The Company and Indemnitee agree that the Appointing Shareholder is an express third party beneficiary of the terms of this Section 1(d).
Further, the invalidity or unenforceability of any provision hereof as to either Indemnitee or Appointing Shareholder shall in no way affect the validity or enforceability of any provision hereof as to the other.
Such Appointing Shareholder has duly authorized (if such Appointing Shareholder is not a natural person), executed and delivered a Power of Attorney (a “Power of Attorney” and, with respect to such Appointing Shareholder, “its Power of Attorney”) appointing each of ▇▇▇▇▇ ▇.
Further, the invalidity or unenforceability of any provision hereof as to either the Indemnitee or Appointing Shareholder shall in no way affect the validity or enforceability of any provision hereof as to the other.
Without limiting the generality of the foregoing, this Agreement is intended to confer upon the Indemnitee and Appointing Shareholder indemnification rights to the fullest extent permitted by applicable laws.
Each Appointing Shareholder acknowledges and agrees that upon execution of the Agreement, upon any delivery by the Shareholders Representative of any waiver, amendment, agreement, certificate or other document executed by the Shareholders Representative, such Appointing Shareholder shall be bound by such documents as fully as if such Appointing Shareholder had executed and delivered such documents.
The terms of this Agreement as they relate to procedures for indemnification of Indemnitee shall apply to any such indemnification of an Appointing Shareholder or Related Party Indemnitee.
The RH Director shall be entitled to be a member of all committees of the ITC Investments Board; provided, that any RH Appointing Shareholder may elect, in its discretion, to appoint a non-voting observer in lieu of an RH Director to attend all meetings (including telephonic meetings) of committees of the ITC Investments Board.
The remuneration of Directors, if any, shall be determined and paid by their Appointing Shareholder and shall not be a Company expense including any expense incurred by such Director in the carrying out of his or her duties as a Director.