Irrevocable Authorization and Instruction to Issuer. (a) The Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent 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 Agreement, without any other or further instructions from the Pledgor, and agrees that each such Issuer shall be fully protected in so complying. (b) Each Issuer that is a Subsidiary shall, in the form of the Acknowledgement and Consent attached hereto as Annex A, acknowledge the instructions set forth in clause (a) above and will agree to be bound by the terms of this Agreement and to comply with the terms hereof insofar as such terms are applicable to such Issuer.
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Samples: Pledge Agreement (Graftech International LTD), Pledge Agreement (Graftech International LTD), Pledge Agreement (Graftech International LTD)
Irrevocable Authorization and Instruction to Issuer. (a) The Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and agrees that each such Issuer shall be fully protected in so complying.
(b) Each Issuer that is a Subsidiary shall, in the form of the Acknowledgement and Consent attached hereto as Annex A, acknowledge the instructions set forth in clause (a) above and will agree to be bound by the terms of this Agreement and to comply with the terms hereof insofar as such terms are applicable to such Issuer.
Appears in 5 contracts
Samples: Pledge Agreement, Pledge Agreement (Graftech International LTD), Pledge Agreement (Graftech International LTD)
Irrevocable Authorization and Instruction to Issuer. (a) The Each Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the such Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the such Pledgor, and agrees that each such Issuer shall be fully protected in so complying.
(b) Each Issuer that is a Subsidiary shall, in the form of the Acknowledgement and Consent attached hereto as Annex AII, acknowledge the instructions set forth in clause (a) above and will agree to be bound by the terms of this Agreement and to comply with the terms hereof insofar as such terms are applicable to such Issuer.
Appears in 3 contracts
Samples: Pledge Agreement (Graftech International LTD), Pledge Agreement (GrafTech Holdings Inc.), Pledge Agreement (Graftech International LTD)
Irrevocable Authorization and Instruction to Issuer. (a%3) The Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and agrees that each such Issuer shall be fully protected in so complying.
(ba) Each Issuer that is a Subsidiary shall, in the form of the Acknowledgement and Consent attached hereto as Annex A, acknowledge the instructions set forth in clause (a) above and will agree to be bound by the terms of this Agreement and to comply with the terms hereof insofar as such terms are applicable to such Issuer.
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Irrevocable Authorization and Instruction to Issuer. (a%3) The Each Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the such Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the such Pledgor, and agrees that each such Issuer shall be fully protected in so complying.
(ba) Each Issuer that is a Subsidiary shall, in the form of the Acknowledgement and Consent attached hereto as Annex AII, acknowledge the instructions set forth in clause (a) above and will agree to be bound by the terms of this Agreement and to comply with the terms hereof insofar as such terms are applicable to such Issuer.
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