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 Company to comply with any instruction received by it from the Pledgee in writing that (a) states that an Event of Default has occurred and (b) such instructions are otherwise made in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the 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)

AutoNDA by SimpleDocs

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Company Issuer to comply with any instruction received by it from the Pledgee 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) such instructions are is otherwise made in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Company Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Agreement (Audiovox Corp)

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Company Issuer to comply with any instruction received by it from the Pledgee Collateral Agent in writing that (a) states that an Event of Default has occurred and (b) such instructions are is otherwise made 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 Company Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Comforce Corp)

AutoNDA by SimpleDocs

Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs the Company Issuer to comply with any instruction received by it from the Pledgee in writing that (a) states that an Event of Default has occurred and (b) such instructions are is 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 Company Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Honigfeld Bradford)

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