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

Irrevocable Authorization and Instruction to Issuer. The Company hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Bank 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 Company, and the Company agrees that the Issuer shall be fully protected in so complying.