Examples of Designated Voting Party in a sentence
Prior to the completion of the IPO, when a meeting of the members of the Company is convened, the Optionee who has been a shareholder of the Company by exercising the Option and qualified to attend such meeting, shall voluntarily appoint Mr. Xxx Xxxx (the “Designated Voting Party”), as long as the Designated Voting Party is either of a shareholder, director or employee of the Company, to be Optionee’s proxy to vote.
If the Intercreditor Agent receives such a notice of the occurrence of a Default or an Event of Default, the Intercreditor Agent shall give prompt notice thereof to each Designated Voting Party (and each Designated Voting Party shall, in turn, give prompt notice thereof to each party to its respective Facility Document).
Upon receipt by the Intercreditor Agent of any such Notice of Default, it shall promptly send copies thereof to each Designated Voting Party.
Any Designated Voting Party shall have the right to appoint any Person (including, without limitation, another Designated Voting Party) to act as its representative at any such meeting of Designated Voting Parties.
The Optionee agrees the Designated Voting Party can exercise the Optionee’s voting right at his absolute discretion without the prior notice of proposed voting intent.
Voting Party further agrees that it will from time to time provide such information to each other Designated Voting Party as may be necessary to enable such Designated Voting Party to make any calculation required under the Financing Documents.
Such a request for a meeting shall be made by written notice given to each Designated Voting Party in accordance herewith.
No Designated Voting Party shall have any liability for any failure to make available to any other party such information or for any inaccuracy or incompleteness of any such information made available in good faith.
The P1 Intercreditor Agent and the P1 Collateral Agent (acting at the direction of the P1 Intercreditor Agent) may (without taking any Intercreditor Vote and without obtaining the Consent of any Designated Voting Party or other Senior Secured Party) Consent to or take (and may, as applicable, authorize the P1 Accounts Bank to Consent to or take) any Administrative Decision under the Common Terms Agreement, this Agreement, or any other P1 Collateral Document.
Promptly after any Designated Voting ------------------ Party obtains knowledge of the occurrence of any Default or Event of Default under any Financing Document to which it is a party or that any Default or Event of Default under any Financing Document to which it is a party has ceased to exist or has been rescinded, such Designated Voting Party shall notify the Intercreditor Agent in writing thereof (such notice, a "Notice of Default").