Party C unconditionally and irrevocably undertakes that it will sign a power of attorney (the Power of Attorney) in the substance and form as shown in [Appendix 1] hereto after the execution of this Agreement, to respectively authorize Party A or any person as designated by Party A according to Party As instruction (the Trustee) to exercise all shareholders rights available to it as the shareholders of Party B in accordance with Party Bs articles of association then in effect and applicable laws and regulations. Such shareholders rights (the Entrusted Rights) include without limitation:
Party C unconditionally and irrevocably undertakes that it will sign a power of attorney (the Power of Attorney) in the substance and form as shown in [Appendix 1] hereto after the execution of this Agreement, to respectively authorize Party A or any person as designated by Party A according to Party As instruction (the Trustee) to exercise all shareholders rights available to it as the shareholders of Party B in accordance with Party Bs articles of association then in effect and applicable laws and regulations. Such shareholders rights (the Entrusted Rights) include without limitation:
Party C unconditionally and irrevocably undertakes that it willhereby agrees, upon execution of the Agreement, to sign athe power of attorney (the Power of Attorney) in the form and substance and form as shown in [Appendix 1] hereto afterof the execution of this Agreement,Exhibit attached hereto, pursuant to respectivelywhich Party C shall irrevocably authorize Party A or any person as designated by Party A according to Party As instruction (the Trustee)exercise shareholders rights on their behalf and to exercise all voting rights to which the shareholders are entitled at Party Bs shareholders rights available to it asmeeting in the name of the shareholders of Party BB. Party C further agrees that they will replace the person so designated in accordance withsuch power of attorney at the request of Party Bs articles of association then in effect and applicable laws and regulations. Such shareholders rights (the Entrusted Rights) include without limitation:A at any time.
The Trustee and/or Party A exercises the Entrusted Rights as if Party C unconditionallyexercises the shareholders rights. When Party A issues a written notice to Party C to replace the Trustee, Party C shall immediately instruct the other entity or individual as designated by Party A then to exercise the aforesaid Entrusted Rights, and irrevocably undertakes that it will sign a powerPower of attorney (the Power of Attorney)Attorney in the substance and form as shown in hereto after[Appendix 1] hereto. Once such new Power of Attorney is signed, it shall replace the executionoriginal Power of this Agreement,Attorney. Meanwhile, Party C shall also announce or clarify that the original Power of Attorney has been abolished by notifying relevant persons or in other publicity form. In addition, Party C shall not revoke the entrustment and authorization granted to respectively authorizethe Trustee and/or Party A or any person as designated by Party A according to Party As instruction (the Trustee) to exercise all shareholders rights available to it as the shareholders of Party B in accordance with Party Bs articles of association then in effect and applicable laws and regulations. Such shareholders rights (the Entrusted Rights) include without limitation:A.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.