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

Irrevocable Authorization and Instruction to the Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by the Issuer from the Senior Notes Collateral Agent that (i) states that an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this 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 Agreement (Excel Legacy Corp), Pledge Agreement (Excel Legacy Corp)

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Irrevocable Authorization and Instruction to the Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by the Issuer from the Senior Notes Price Note Collateral Agent that (i) states that an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this 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 Agreement (Excel Legacy Corp), Pledge Agreement (Excel Legacy Corp)

Irrevocable Authorization and Instruction to the Issuer. The ------------------------------------------------------- Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by the Issuer from the Senior Notes Collateral Agent that (i) states that a Default or an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this 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 1 contract

Samples: Pledge Agreement (MRS Fields Holding Co Inc)

Irrevocable Authorization and Instruction to the Issuer. The Each Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by the Issuer from the Senior Notes Collateral Agent that (i) states that an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the such Pledgor, and the such Pledgor agrees that the Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Shop Vac Corp)

Irrevocable Authorization and Instruction to the Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by the such Issuer from the Senior Notes Collateral Agent that (i) states that an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this 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 1 contract

Samples: Indenture (Finlay Enterprises Inc /De)

Irrevocable Authorization and Instruction to the Issuer. The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by the Issuer from the Senior Notes Debentures Collateral Agent that (i) states that an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this 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 1 contract

Samples: Pledge Agreement (Excel Legacy Corp)

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Irrevocable Authorization and Instruction to the Issuer. The Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by the Issuer it from the Senior Notes Collateral Agent Lender in writing that (ia) states that an Event of Default has occurred and (iib) 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.

Appears in 1 contract

Samples: Credit Agreement (Jefferies Group Inc /De/)

Irrevocable Authorization and Instruction to the Issuer. The Pledgor hereby authorizes and instructs the each Issuer to comply with any instruction received by the such Issuer from the Senior Notes Collateral Agent 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 the Pledgor, and the Pledgor agrees that the each Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Centennial Communications Corp)

Irrevocable Authorization and Instruction to the Issuer. The Pledgor hereby Pledgor, will and hereby, authorizes and instructs the Issuer to comply with any instruction received by the Issuer from the Senior Notes Collateral Agent that (i) states that an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this 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 1 contract

Samples: Pledge Agreement (United International Holdings Inc)

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