Common use of Irrevocable Authorization and Instruction to Issuer Clause in Contracts

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

Appears in 4 contracts

Samples: Pledge Agreement (Cable Michigan Inc), Intercompany Note (Essex Group Inc), Credit Agreement (RCN Corp /De/)

AutoNDA by SimpleDocs

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the each Issuer shall be fully protected by the Pledgors in so complying.

Appears in 4 contracts

Samples: Pledge Agreement (Inex Corp), Pledge Agreement (Speedway TBA, Inc.), Pledge Agreement (Speedway Motorsports Inc)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the each Issuer shall be fully protected by the Pledgors in so complying.

Appears in 4 contracts

Samples: Pledge Agreement (Speedway Motorsports Inc), Pledge Agreement (Speedway Motorsports Inc), Pledge Agreement (Speedway Motorsports Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative 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, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 4 contracts

Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the each Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Pledge Agreement (Meridian Resource Corp), Pledge Agreement (Meridian Resource Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative Agent Lender in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Stock Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Loan Agreement (Natural Gas Services Group Inc), Loan Agreement (Natural Gas Services Group Inc)

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

Appears in 2 contracts

Samples: Holdings Pledge Agreement (Homeside Lending Inc), Pledge Agreement (Homeside Lending Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative 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, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Credit Agreement (Teco Energy Inc), Credit Agreement (Tampa Electric Co)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor --------------------------------------------------- hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative Collateral 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, without any other or further instructions from the either Pledgor, and the such Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Credit Agreement (Pierce Leahy Corp), Credit Agreement (Pierce Leahy Corp)

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

Appears in 2 contracts

Samples: Pledge Agreement (Source Media Inc), Pledge Agreement (Source Media Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the each Issuer of its Pledged Interests to comply with any instruction received by it from the Administrative Agent Seatac in writing that (a) states that an Event of Default has occurred exists and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Stock Pledge and Escrow Agreement (AMHN, Inc.), Stock Pledge and Escrow Agreement (AMHN, Inc.)

Irrevocable Authorization and Instruction to Issuer. The Pledgor --------------------------------------------------- hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Credit Agreement (Pediatric Services of America Inc), Pledge Agreement (School Specialty Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Pledgors hereby authorizes authorize and instructs the instruct each Issuer to comply with any instruction received by it them or any one of them from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgors, and the Pledgor agrees Pledgors agree that the each Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Pledge Agreement (M & M Properties Inc), Pledge Agreement (MST Enterprises Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer Company to comply with any instruction received by it from the Administrative Agent Pledgee in writing that (a) states that an Event of Default has occurred and (b) is such instructions are otherwise made in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer Company shall be fully protected in so complying.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Power Sports Factory, Inc), Stock Pledge Agreement (Power Sports Factory, Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative 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, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Lin Television Corp), Intermediate Holding Pledge Agreement (Citadel Broadcasting Co)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent Purchaser in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Securities Purchase Agreement (Center for Wound Healing, Inc.)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the Issuer each Issuer, each Pledged Partnership, each Pledged LLC and each issuer of a Pledged Note (each a "Subject Entity") to comply with any instruction received by it from the Administrative Collateral Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the Pledgor agrees that the Issuer each such Subject Entity shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit Agreement (Graham Packaging Holdings Co)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Pledgors hereby authorizes authorize and instructs instruct the Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgors, and the Pledgor agrees Pledgors agree that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit Agreement (Paxson Communications Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Each of the Pledgors hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Collateral Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Impco Technologies Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor --------------------------------------------------- Pledgors hereby authorizes authorize and instructs instruct the Issuer to comply with any instruction received by it from the Administrative Agent GCFP in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgors, and the Pledgor agrees Pledgors agree that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (National Mortgage Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Pledgors hereby authorizes authorize and instructs instruct the Issuer to comply with any instruction received by it from the Administrative Agent Company in writing that (a) states that an Event of Default has occurred exists and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgors, and the Pledgor agrees Xxxxxxxx agree that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Stock Pledge and Escrow Agreement (I-on Digital Corp.)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it the Pledgor (or any of them) from the Administrative Collateral Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgor (or any of them), and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Care Concepts I Inc /Fl/)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Pledgors --------------------------------------------------- hereby authorizes authorize and instructs the instruct each Issuer to comply with any instruction received by it them or any one of them from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgors, and the Pledgor agrees Pledgors agree that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (National Equipment Services Inc)

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

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

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

Appears in 1 contract

Samples: Pledge Agreement (Aleritas Capital Corp.)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Pledgors hereby authorizes authorize and instructs instruct the Issuer to comply with any instruction received by it the Pledgors (or any of them) from the Administrative Collateral Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgors (or any of them), and the Pledgor agrees Pledgors agree that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Care Concepts I Inc /Fl/)

AutoNDA by SimpleDocs

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative 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, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hagler Bailly Inc)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the agrees to use its best efforts to cause each Issuer of its Pledged Collateral to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the such Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit Agreement (Affiliated Managers Group Inc)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Collateral 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, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Railworks Corp)

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

Appears in 1 contract

Samples: Pledge Agreement (Honigfeld Bradford)

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

Appears in 1 contract

Samples: Pledge Agreement (Comforce Corp)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor ---------------------------------------------------- hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Collateral Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any or other or further instructions from the Pledgor, and the Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Mediaamerica Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Pledgors hereby authorizes authorize and instructs instruct the Issuer Issuers to comply with any instruction received by it them from the Administrative 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, without any other or further instructions from the PledgorPledgors, and the Pledgor agrees Pledgors agree that the Issuer Issuers shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Archibald Candy Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the agrees to use its best efforts to cause each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit Agreement (Affiliated Managers Group Inc)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the each Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Remington Capital Corp)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent Trustee 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, without any other or further instructions from the each Pledgor, and the each Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (RBX Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer Issuers shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

Irrevocable Authorization and Instruction to Issuer. The Pledgor Pledgors hereby authorizes authorize and instructs the instruct each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the PledgorPledgors, and the Pledgor agrees Pledgors agree that the each Issuer shall be fully protected in so complying.. 243

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Young & Rubicam Inc)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent PBGC in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Publicard Inc)

Irrevocable Authorization and Instruction to Issuer. The Each Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by it from the Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit Agreement (Paxson Communications Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Administrative Pledge Agent in writing that (a) states that an "Event of Default Default" has occurred under the Reimbursement Agreement or the Credit Agreement and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Credit Agreement (Audiovox Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the each Issuer of its Pledged Interests to comply with any instruction received by it from the Administrative Agent Vicis in writing that (a) states that an Event of Default has occurred exists and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Stock Pledge and Escrow Agreement (Amacore Group, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!