Common use of Authorization and Direction Clause in Contracts

Authorization and Direction. Each Pledged Partnership and each --------------------------- Pledged LLC is hereby authorized and directed to register the respective Pledgor's pledge to the Pledgee on behalf of the Secured Creditors of the interest of such Pledgor on such entity's books. Each Pledgor agrees to give the respective Pledged Partnership or Pledged LLC, as the case may be, a Pledge Notice, and to cause each such Pledged Partnership or Pledged LLC, as the case may be, to acknowledge such notice with a Pledge Acknowledgement. * * *

Appears in 2 contracts

Samples: Assignment Agreement (MJD Communications Inc), Pledge Agreement (MJD Communications Inc)

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Authorization and Direction. Each Pledged Partnership and each --------------------------- Pledged LLC is hereby authorized and directed to register the respective Pledgor's pledge to the Pledgee on behalf of the Secured Creditors of the interest of such Pledgor on such entity's books. Each Pledgor agrees to give the respective Pledged Partnership or Pledged LLC, as the case may be, a Pledge Notice, and to cause each such Pledged Partnership or Pledged LLC, as the case may be, to acknowledge such notice with a Pledge Acknowledgement. * * *

Appears in 2 contracts

Samples: Pledge Agreement (National Tobacco Co Lp), Pledge Agreement (National Tobacco Co Lp)

Authorization and Direction. Each Pledged Partnership and each --------------------------- Pledged LLC is hereby authorized and directed to register the respective Pledgor's pledge to the Pledgee on behalf of the Secured Creditors Banks of the interest of such Pledgor on such entity's books. Each Pledgor agrees to give the respective Pledged Partnership or Pledged LLC, as the case may be, a Pledge Notice, and to cause each such Pledged Partnership or Pledged LLC, as the case may be, to acknowledge such notice with a Pledge Acknowledgement. * * *

Appears in 1 contract

Samples: Pledge Agreement (North Atlantic Trading Co Inc)

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Authorization and Direction. Each Pledged Partnership and each --------------------------- Pledged LLC is hereby authorized and directed to register the respective Pledgor's pledge to the Pledgee on behalf of the Secured Creditors Banks of the interest of such Pledgor on such entity's books. Each Pledgor agrees to give the respective Pledged Partnership or Pledged LLC, as the case may be, a Pledge Notice, and to cause each such Pledged Partnership or Pledged LLC, as the case may be, to acknowledge such notice with a Pledge Acknowledgement. * * *.

Appears in 1 contract

Samples: Pledge Agreement (North Atlantic Trading Co Inc)

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