Family Agent definition

Family Agent means a Person appointed by a majority of the Approving Voting Power of the Approving Family Stockholders from time to time as provided in Section 3.13 of this Agreement.
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Examples of Family Agent in a sentence

  • The Family Agent is authorized to report the decisions of the Approving Family Stockholders, and Micro shall be entitled to rely on a written statement from the Family Agent as to actions taken by the Approving Family Stockholders.

  • For purposes of this Section 2.5(c) "Date of Confirmation" means the day Micro confirms the actual receipt of such Approving Family Stockholder Notice by the Family Agent and Bass, ▇▇▇▇▇ & ▇▇▇▇ PLC consistent with the requirements of Sections 2.5 and 3.3.

  • Micro shall be deemed to have given the required Approving Family Stockholder Notice to each Approving Family Stockholder when the Family Agent receives such Approving Family Stockholder Notice consistent with the requirements of Sections 2.5 and 3.3 and a copy of such Approving Family Stockholder Notice is delivered to Bass, ▇▇▇▇▇ & ▇▇▇▇ PLC, Attention: ▇▇▇▇▇ ▇▇▇▇▇▇, by telecopy to (▇▇▇) ▇▇▇-▇▇▇▇ or by physical delivery to ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇.

  • The appointment of a Person to serve as Family Agent shall become effective upon the receipt by Micro of a written notice pursuant to Section 3.3 of such appointment by the holders of a majority of the Approving Voting Power held by the Approving Family Stockholders.

  • The approval of each Significant Action required to be given by the Approving Family Stockholders consistent with Section 2.5(a) will be deemed to have been given by the Approving Family Stockholders if Micro does not receive communications from the Family Agent withholding such approval within five (5) business days from the Date of Confirmation.