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.
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Samples: Loan and Subordinated Debenture Purchase Agreement (German American Bancorp, Inc.), Loan and Subordinated Debenture Purchase Agreement (German American Bancorp, Inc.), Loan and Subordinated Debenture Purchase Agreement (Privatebancorp Inc)
Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs each issuer of Pledged Stock to comply with any instruction received by it from the Lender in writing that (a) states that an Event of a 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 the issuer shall be fully protected in so complying.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Independent Bank Group Inc), Loan and Subordinated Debenture Purchase Agreement (Gateway Financial Holdings Inc)
Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs each issuer of Pledged Stock to comply with any instruction received by it from Lender 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 Pledgor, and the Pledgor agrees that the such issuer of Pledged Stock shall be fully protected in so complying.
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Irrevocable Authorization and Instruction to Issuers. The Pledgor hereby authorizes and instructs each issuer of Pledged Stock to comply with any instruction received by it from Lender 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 Pledgor, and the Pledgor agrees that the such issuer shall be fully protected in so complying.
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