Grant of Proxy. Upon the failure of any Principal or Principal Holding Company to vote its Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such Principal or Principal Holding Company hereby grants to a Person designated by the Company a proxy, coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 3 contracts
Samples: Shareholders’ Agreement (Qutoutiao Inc.), Shareholders’ Agreement (Qutoutiao Inc.), Shareholders’ Agreement (Qtech Ltd.)
Grant of Proxy. Upon the failure of any the Principal or the Principal Holding Company HoldCo to vote its the Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such the Principal or Principal Holding Company HoldCo hereby grants to a Person designated by the Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such the Principal or the Principal Holding CompanyHoldCo, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 14.11 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 2 contracts
Samples: Shareholders Agreement (Dada Nexus LTD), Sixth Amended and Restated Shareholders Agreement (Dada Nexus LTD)
Grant of Proxy. Upon the failure of any Principal or Principal Holding Company Companies to vote its the Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such Principal or Principal Holding Company hereby grants to a Person designated by the Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 13.11 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 2 contracts
Samples: Amended and Restated Shareholders Agreement (Cango Inc.), Shareholders Agreement (Cango Inc.)
Grant of Proxy. Upon the failure of any Principal or Principal Holding Company to vote its the Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such Principal or Principal Holding Company hereby grants to a Person designated by the other Principal or Principal Holding Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 12.11 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 2 contracts
Samples: Sixth Amended and Restated Shareholders Agreement (Missfresh LTD), Sixth Amended and Restated Shareholders Agreement (Missfresh LTD)
Grant of Proxy. Upon the failure of any Principal or Principal Holding Company to vote its the Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such Principal or Principal Holding Company hereby grants to a Person designated by the Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 12.11 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 2 contracts
Samples: Shareholders Agreement, Second Amended and Restated Shareholders Agreement (LaShou Group Inc.)
Grant of Proxy. Upon the failure of any Principal or Principal Holding Company to vote its the Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such Principal or Principal Holding Company hereby grants to a Person designated by the Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 12.20 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 2 contracts
Samples: Sixth Amended and Restated Shareholders Agreement (Cloopen Group Holding LTD), Sixth Amended and Restated Shareholders Agreement (Cloopen Group Holding LTD)
Grant of Proxy. Upon the failure of any Principal or Principal Holding Company to vote its the Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such Person hereby grants to the other Principal or Principal Holding Company hereby grants to a Person designated by the Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, respectively, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 6.10 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 2 contracts
Samples: Agreement (Missfresh LTD), Agreement (Missfresh LTD)
Grant of Proxy. Upon the failure of any Principal or Principal Holding Company to vote its the Equity Securities of the Company held thereby, thereby to implement the provisions of and to achieve the purposes of this Agreement, such Principal or Principal Holding Company Person hereby grants to a Person designated by the Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, as applicable, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section is amended to remove such grant of proxy in accordance with Section 20.20 6.10 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 1 contract
Samples: Right of First (LaShou Group Inc.)
Grant of Proxy. Upon the failure of any Principal or Principal Holding Company to vote its the Equity Securities of the Company held thereby, to implement the provisions of and to achieve the purposes of this Agreement, such Principal or Principal Holding Company hereby grants to a Person designated by the Company a proxy, proxy coupled with an interest in all Equity Securities of the Company held by such Principal or Principal Holding Company, which proxy shall be irrevocable until this Agreement terminates pursuant to its terms or this Section Section21.21 is amended to remove such grant of proxy in accordance with Section 20.20 21.12 hereof, to vote all such Equity Securities to implement the provisions of and to achieve the purposes of this Agreement.
Appears in 1 contract
