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

Irrevocable Authorization and Instruction to Issuer. The Borrower hereby authorizes and instructs each issuer of Pledged Collateral to comply with any instruction received by it from the Agent in writing that states that an Event of Default has occurred, without any other or further instructions from the Borrower, and the Borrower agrees that each issuer shall be fully protected in complying with any such instructions.

Irrevocable Authorization and Instruction to Issuer. The Borrower hereby authorizes and instructs each issuer of Pledged Collateral Issuer to comply with any instruction received by it from the Agent Lender in writing that (a) states that an Event of Default has occurredoccurred and is continuing and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Borrower, and the Borrower agrees that each issuer Issuer shall be fully protected in complying with any such instructionsso complying.

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