Irrevocability; Supplemental Instruments Clause Samples
The 'Irrevocability; Supplemental Instruments' clause establishes that the agreement or certain provisions within it cannot be revoked or altered unilaterally by either party. In practice, this means that once the contract is executed, its terms remain binding and enforceable, and any necessary additional documents or instruments required to effectuate the agreement must be executed by the parties. This clause ensures the stability and enforceability of the contract, preventing either party from backing out or refusing to complete further documentation needed to carry out the agreement's intent.
Irrevocability; Supplemental Instruments. The Lessor agrees that this Assignment and the designation and direction to the Lessee set forth in Sections 2 and 3 of this Assignment are irrevocable and that it will not take any action as lessor under the Leases or otherwise which is inconsistent with this Assignment and that any action, assignment, designation or direction inconsistent herewith shall be void. The Lessor will from time to time execute and deliver all instruments of further assurance and do such further acts as may be necessary or proper to carry out more effectively the purpose of this Assignment.
Irrevocability; Supplemental Instruments. The Assignor agrees that this Assignment and the designation and direction to the Lessee set forth in Sections 3 and 4 of this Assignment are irrevocable and that it will not take any action as lessor under the Lease, or under the Hanover Guarantee, or otherwise which is inconsistent with this Assignment and that any action, assignment, designation or direction inconsistent herewith shall be void. The Assignor will from time to time execute and deliver all instruments of further assurance and do such further acts as may be necessary or proper to carry out more effectively the purpose of this Assignment.
Irrevocability; Supplemental Instruments. Lessor agrees that (a) this Assignment is irrevocable, (b) Lessor will not take any action under the Ground Lease, the Lease Agreement or the Purchase Agreement or otherwise which is inconsistent with this Assignment, (c) any action, assignment, designation or direction inconsistent herewith shall be void and (d) Lessor will from time to time execute and deliver all instruments of further assurance and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Assignment.
Irrevocability; Supplemental Instruments. The Lessor agrees ---------------------------------------- that the assignment made hereby and the designation and direction to the Lessee hereinabove set forth are irrevocable, and that the Lessor will not, while such assignment is in effect or thereafter until the Lessee has received from the Assignee written notice of the termination of such assignment, make any other assignment, designation or direction inconsistent therewith, and that any assignment, designation or direction inconsistent therewith shall be void. The Lessor will from time to time, upon request of the Assignee, execute all instruments of further assurance and all such supplemental instruments as the Assignee may reasonably specify.
Irrevocability; Supplemental Instruments. The Lessor Trust agrees that this Assignment is irrevocable and that it will not take any action as lessor under the Assigned Lease or otherwise which is inconsistent with this Assignment and that any action, assignment, designation or direction inconsistent herewith shall be void. The Lessor Trust will execute and deliver from time to time all instruments of further assurance and do such further acts as may be necessary or proper to carry out more effectively the purpose of this Assignment.
Irrevocability; Supplemental Instruments. The Assignor agrees that this Assignment and the designation and direction to the Lessee set forth in Sections 2 and 3 of this Assignment are irrevocable and that it will not take any action as lessor under the Leases or otherwise which is inconsistent with this Assignment and that any action, assignment, designation or direction inconsistent herewith shall be void. The Assignor will from time to time execute and deliver all instruments of further assurance and do such further acts as may be necessary or proper to carry out more effectively the purpose of this Assignment.
Irrevocability; Supplemental Instruments. Each of the Lessor and the Indenture Trustee agrees that this Assignment is irrevocable and that it will not take any action under the Assigned Leases as lessor or otherwise which is inconsistent with this Assignment and that any action, assignment, designation or direction inconsistent herewith shall be void. The Lessor will execute and deliver from time to time all instruments of further assurance and do such further acts as may be necessary or proper to carry out more effectively the purpose of this Assignment.
Irrevocability; Supplemental Instruments. The Lessor agrees that the assignment made hereby and the designation and direction to the Lessee set forth in SECTION 4 are irrevocable, and that the Lessor will not, while said assignment is in effect or thereafter until the Lessee has received from the Credit Bank written notice of the termination of said assignment, make any other assignment, designation or direction inconsistent herewith, and agrees that any assignment, designation or direction inconsistent herewith shall be void. In addition, the Lessor shall from time to time, upon request of the Credit Bank, execute all instruments of further assurance and all such supplemental instruments as the Credit Bank may reasonably specify.
Irrevocability; Supplemental Instruments. Lessor agrees that the collateral assignment made hereby and the designation and direction to Lessee hereinabove set forth are irrevocable, and that Lessor will not, while said collateral assignment is in effect or thereafter until Lessee has received from Assignee written notice of the termination of said collateral assignment, make any other assignment, designation or direction inconsistent therewith, and that any assignment, designation or direction inconsistent therewith shall be void. Lessor will from time to time, upon request of Assignee, execute all instruments of further assurance and all such supplemental instruments as Assignee may reasonably specify.