Common use of Authorization of Issuers Clause in Contracts

Authorization of Issuers. Each Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Stock pledged hereunder by such Grantor to (i) comply with any instruction received by it from the Administrative Agent in writing that states that an Event of Default exists and 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) if required by the Administrative Agent at any time during the existence or continuance of an Event of Default, pay any dividend or make any other payment with respect to the Pledged Stock directly to the Administrative Agent.

Authorization of Issuers. Each Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Stock Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from the Administrative Agent in writing that states that an Event of Default exists and 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) if required by upon the Administrative Agent at any time occurrence and during the existence or continuance of an Event of Default, pay any dividend or make any other payment with respect to the Pledged Stock Collateral directly to the Administrative Agent.

Authorization of Issuers. Each Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Stock pledged hereunder by such Grantor to (i) comply with any instruction received by it from the Administrative Collateral Agent in writing that states that an Event of Default exists and 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) if required by the Administrative Collateral Agent at any time during the existence or continuance of an Event of Default, pay any dividend or make any other payment with respect to the Pledged Stock directly to the Administrative Collateral Agent.