Irrevocable Authorization and Instruction. If applicable, Pledgor and the Company hereby authorize and instruct the transfer agent for the Company (or transfer agents if there is more than one) to comply with any instruction received by it from Secured Party in writing that: (i) states that an Event of Default hereunder exists or has occurred; and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from Pledgor or the Company, and Pledgor and the Company agree that such transfer agents shall be fully protected in so complying with any such instruction from Secured Party.
Irrevocable Authorization and Instruction. Pledgor hereby authorizes and instructs Pledged Entity and any servicer of the Loan to comply with any instruction received by it from Lender in writing that (i) states that an Event of Default has occurred and is continuing and (ii) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from Pledgor, and Pledgor agrees that Pledged Entity and any servicer shall be fully protected in so complying.
Irrevocable Authorization and Instruction. In addition to those rights, powers and privileges, granted to Lender in section 5 of the Security Agreement and in other Loan Documents, each Grantor hereby authorizes and instructs each issuer of any Security Collateral to comply with any instruction concerning such Security Collateral received by it from Lender 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 the Loan Documents, without any other or further instructions from any Grantor; and each Grantor agrees that each such entity shall be fully protected in so complying.
Irrevocable Authorization and Instruction. Each of the Pledgors hereby authorizes and instructs the Custodian to comply with any instruction received by it from the 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 or the Control Agreement, without any other or further instructions from such Pledgor, and such Pledgor agrees that the Custodian shall be fully protected in so complying. Each of the Pledgors hereby instructs the Custodian to xxxx its records to reflect the pledge of the Collateral and to take such other action as may be required or customary to effect or evidence the pledge of the Collateral made and intended to be made pursuant to this Pledge Agreement.
