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

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.

Appears in 8 contracts

Samples: Pledge and Security Agreement (Revlon Consumer Products Corp), Pledge and Security Agreement (Revlon Consumer Products Corp), Pledge and Security Agreement (Revlon Consumer Products Corp)

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Irrevocable Authorization and Instruction to Issuers. The Each Pledgor hereby authorizes and instructs any each Issuer to comply with any instruction received by it from the Controlling Collateral Administrative Agent in writing that (a) states that a Notice an Event of an Actionable Event Default has been given occurred and is outstanding continuing 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 any Pledgor, and the each Pledgor agrees that any each Issuer shall be fully protected in so complying.

Appears in 4 contracts

Samples: Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP)

Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs any each Issuer to comply with any instruction received by it from the Controlling Collateral Agent in writing that (a) states that a Notice an Event of an Actionable Event Default has been given and is outstanding occurred 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 such Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Pledge Agreement (WLR Foods Inc), Pledge Agreement (WLR Foods Inc)

Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs any each Issuer and Partnership to comply with any instruction received by it from the Controlling Collateral Administrative Agent in writing that (a) states that a Notice an Event of an Actionable Event Default has been given occurred and is outstanding continuing 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 such Issuer and Partnership shall be fully protected in so complying.

Appears in 2 contracts

Samples: Pledge Agreement (Corrections Corporation of America), Credit Agreement (Breed Technologies Inc)

Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs any Issuer the Issuers to comply with any instruction received by it from the Controlling Collateral Agent in writing that (a) states that a Notice an Event of an Actionable Event Default has been given occurred and is outstanding continuing 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 the Issuers shall be fully protected in so complying.

Appears in 1 contract

Samples: Term Loan Agreement (Gulfstream Aerospace Corp)

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Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs any each 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 such Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge and Security Agreement (Revlon Consumer Products Corp)

Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs any each Issuer to comply with any instruction pertaining to the Collateral, the Properties or any other security for the obligations under this Agreement or the Note received by it from the Controlling Collateral Agent Secured Party in writing that (ai) states that a Notice an Event of an Actionable Event Default has been given occurred and is outstanding continuing and (bii) 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 each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge and Security Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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