Common use of Authorization and Instruction to Issuers Clause in Contracts

Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs the Issuers to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and is continuing and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuers shall be fully protected in so complying.

Appears in 2 contracts

Samples: Credit Agreement (Gulfstream Aerospace Corp), Credit Agreement (Gulfstream Aerospace Corp)

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Authorization and Instruction to Issuers. The Pledgor ---------------------------------------------------- hereby authorizes and instructs the Issuers Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and is continuing and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuers Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Dal Tile International Inc)

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Authorization and Instruction to Issuers. The Each Pledgor hereby authorizes and instructs the Issuers to comply with any instruction received by it from the Administrative Collateral Agent in writing that (a) states that an Event of Default has occurred and is continuing and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the any Pledgor, and the such Pledgor agrees that the Issuers shall be fully protected in so complying.

Appears in 1 contract

Samples: Term Loan Agreement (Gulfstream Aerospace Corp)

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