Irrevocable Authorization and Instruction to Issuers Sample Clauses

Irrevocable Authorization and Instruction to Issuers. Pledgor hereby authorizes and instructs each Issuer and any servicer of the Loan to comply with any instruction received by it from Lender 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 Pledgor, and Pledgor agrees that each Issuer and any servicer shall be fully protected in so complying.
AutoNDA by SimpleDocs
Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs any Issuer to comply with any instruction received by it from the Controlling Collateral Agent in writing that (a) states that a Notice of an Actionable Event has been given and is outstanding and (b) is otherwise in accordance with the terms of this Pledge Agreement and the Collateral Agency Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that any Issuer shall be fully protected in so complying.
Irrevocable Authorization and Instruction to Issuers. Pledgor hereby authorizes and instructs each issuer of Pledged Stock to comply with any instruction received by it from Lender 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 Pledgor, and Pledgor agrees that the issuer shall be fully protected in so complying.
Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs each Issuer to comply with any instruction received by it from the 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 Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each Issuer shall be fully protected in so complying. Furthermore, to the extent any portion of the Collateral may now or hereafter consist of uncertificated securities within the meaning of Article 8 of the UCC, the Pledgor irrevocably authorizes and instructs each Issuer to comply with any instruction received by it from the Agent with respect to such Collateral without any other or further instructions from or consent of the Pledgor, and the Pledgor agrees that each Issuer shall be fully protected in so complying; provided, however, that the Agent agrees that it will not issue or deliver any instructions to any Issuer except after the occurrence and during the continuation of an Event of Default.
Irrevocable Authorization and Instruction to Issuers. The Borrower hereby authorizes and instructs 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 Borrower, and the Borrower agrees that each Issuer shall be fully protected in so complying.
Irrevocable Authorization and Instruction to Issuers. Each Pledgor hereby authorizes and instructs 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 is continuing and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Pledgor and each Pledgor agrees that each Issuer shall be fully protected in so complying.
Irrevocable Authorization and Instruction to Issuers. Each Grantor hereby authorizes and instructs the Issuers to comply with any instruction received by any of them from the Purchaser in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor, and each Grantor agrees that the Issuers shall be fully protected in so complying.
AutoNDA by SimpleDocs
Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs each Issuer, and obligor under any Pledged Debt to comply with any instruction received by it from the 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 each Issuer and obligor under any Pledged Debt shall be fully protected in so complying.
Irrevocable Authorization and Instruction to Issuers. Pledgor hereby authorizes and instructs Bank Subsidiary to comply with any instruction received by it from 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 Pledgor, and Pledgor agrees that the issuer shall be fully protected in so complying.
Irrevocable Authorization and Instruction to Issuers. The Company hereby authorizes and instructs each of the Issuers to comply with any instruction received by it from the 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 Company, and the Company agrees that the Issuers shall be fully protected in so complying.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!