Irrevocable Authorization Sample Clauses

Irrevocable Authorization. Each Grantor hereby irrevocably authorizes and directs each person who shall be a party to or liable for the performance of any of the Agreements, upon receipt of written notice from the Collateral Agent to the effect that an Event of Default has occurred and

Irrevocable Authorization. Except as otherwise expressly provided herein, each Grantor hereby irrevocably authorizes and directs each person who shall be a party to or liable for the performance of any of the Assigned Contracts, upon receipt of written notice from the Collateral Agent to the effect that a Default or Event of Default exists and is continuing, to attorn to or otherwise recognize the Collateral Agent as owner under the Assigned Contracts and to pay, observe and otherwise perform the obligations under the Assigned Contracts to or for the Collateral Agent or the Collateral Agent's designee as though the Collateral Agent or such designee were the Grantors named in the Assigned Contracts, and to continue to do so until otherwise notified by the Collateral Agent. The Collateral Agent shall provide the Grantors with a copy of any such notification; PROVIDED, HOWEVER, that the failure to do so shall not affect the Collateral Agent's rights under this Collateral Assignment.

Irrevocable Authorization. Pledgor hereby authorizes and instructs the issuer of the Pledged Interests to comply with any instruction received by it from Pledgee in writing that (a) states that an Event of Default has occurred hereunder and (b) is otherwise in accordance with the terms of this Amended and Restated Pledge Agreement, without any other or further instructions from Pledgor, and Pledgor agrees that the issuer of the Pledged Interests shall be fully protected in so complying.

Irrevocable Authorization. Pursuant to the provisions of the Rules on the Mode and Conditions of Cross-border Transfer Capacities Allocation dated and in accordance with the rules and regulations of the system operator, Elektro-Slovenija, d.o.o., (company name) , represented by hereby issues to the company ELEKTRO-SLOVENIJA, d.o.o., ▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, the following for the unrestricted disposal of funds deposited on subaccount no. ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ of deposit transaction account no. ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ held by ELEKTRO-SLOVENIJA, d.o.o., ▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇. Bank and account number: - the number of the account (IBAN): ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ - bank address: UniCredit Banka Slovenija d.d., ▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ - SWIFT (BIC) code: ▇▇▇▇▇▇▇▇. Place: , Date: (Stamp and signature of representative of auctions participant)

Irrevocable Authorization. Each Grantor hereby irrevocably authorizes and directs each person who shall be a party to or liable for the performance of any of the Agreements, upon receipt of written notice from the Collateral Agent to the effect that an Event of Default has occurred and is continuing, to attorn to the Collateral Agent as owner under such Agreement and to pay, observe and otherwise perform the obligations under such Agreement to or for the Collateral Agent or the Collateral Agent's designee as though the Collateral Agent or such designee were the Grantor named in such Agreement, and to continue to do so until otherwise notified by the Collateral Agent. The Collateral Agent shall simultaneously provide the Borrower with a copy of any such notification given by the Collateral Agent pursuant to this Section 7.04, provided that the failure to do so shall not affect the Collateral Agent's rights under this Agreement.

Irrevocable Authorization. 15.11.1 The said instructions and authorizations in this Letter of Undertaking, including, but not exclusively, that in this Section 15 and in Section 16 and 17 below, are irrevocable, cannot be altered or cancelled without the prior written consent of the Bank and are binding upon us and all of our successors, because the Bank's rights are dependent on them, including the rights under this Section 15. 15.11.2 Without derogating from the generality of the above-said, the instructions and authorizations as stated in this Section 15 are further to any other or additional instruction, in this Letter of Undertaking. 15.11.3 Should any right of setoff of the Bank be realized against an asset which is not a monetary right of ours towards the Bank, then irrevocable authorization is given to the Bank to realize the asset or to sell it or to convert it into cash or to carry out any other action in order to receive the consideration for such, and the consideration received after deduction of all taxes, costs and expenses, fees, commissions and other payments, is for the repayment of our debts and the execution of setoff. 15.11.4 The said irrevocable authorization also vests, for the purpose of realizing the pledge, and this is without derogating from any other instruction.