Common use of Authorization of Issuers Clause in Contracts

Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities to such Grantor in so complying, and (ii) unless otherwise expressly permitted hereby or the Loan Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lender.

Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities to such Grantor in so complying, complying and (ii) unless otherwise expressly permitted hereby or the Loan Credit Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to LenderAgent.

Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral Stock pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral Stock so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities to such Grantor in so complying, and (ii) during the continuance of such Event of Default, unless otherwise expressly permitted hereby or by the Loan Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral Stock directly to LenderLender for the benefit of itself and the other Secured Parties.

Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral so pledged hereunder hereby agrees subject to the Intercreditor Agreement, (i) comply with any instruction received by it from Lender Collateral Trustee in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities Liabilities to such Grantor in so complying, complying and (ii) unless otherwise expressly permitted hereby or the Loan AgreementParity Lien Document, each issuer of any Pledged Collateral to pay any dividend or make any other payment with respect to the Pledged Collateral directly to LenderCollateral Trustee.

Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral Stock pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral Stock so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender the Collateral Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities to such Grantor in so complying, and (ii) unless otherwise expressly permitted hereby or by the Loan Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral Stock directly to Lenderthe Collateral Agent for the benefit of Lenders and the other Secured Parties.

Authorization of Issuers. Each Subject to the terms of the Closing Date Intercreditor Agreement, each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender the Second Lien Collateral Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities Liabilities to such Grantor in so complying, complying and (ii) unless otherwise expressly permitted hereby or the Loan Credit Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lenderthe Second Lien Collateral Agent.

Authorization of Issuers. Each Subject to the limitations set forth in this Agreement or in any other Loan Document, each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities Liabilities to such Grantor in so complying, complying and (ii) unless otherwise expressly permitted hereby or the Loan AgreementNote, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lender.

Authorization of Issuers. Each Subject to the Subordination Agreement, each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender the Collateral Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities Liabilities to such Grantor in so complying, complying and (ii) unless otherwise expressly permitted hereby or by the Loan Note Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lenderthe Collateral Agent.

Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, and each Grantor that is an issuer of Pledged Collateral so pledged hereunder hereby agrees to (i) comply with any instruction received by it from Lender Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from liabilities Liabilities to such Grantor in so complying, complying and (ii) if any Event of Default is continuing, unless otherwise expressly permitted hereby or the Loan Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to LenderAgent. Agent hereby agrees that it shall not give any such instructions unless an Event of Default has occurred and is continuing.