Common use of Pledgor Instructions; Notice of Exclusive Control Clause in Contracts

Pledgor Instructions; Notice of Exclusive Control. So long as the Issuer has not received a Notice of Exclusive Control (as defined below), the Issuer may comply with instructions of the Pledgor or any duly authorized agent of the Pledgor in respect of the Securities. After the Issuer receives a written notice from the Secured Party that it is exercising exclusive control over the Securities (a Notice of Exclusive Control ), the Issuer will cease complying with instructions of the Pledgor or any of its agents. 1 If the Issuer s jurisdiction of incorporation is not a State in the United States that has adopted the revisions to Articles 8 and 9 of the UCC promulgated in 1994, this form of Issuer Control Agreement may not be appropriate. It may be necessary to transfer the relevant securities into the Secured Party s name to obtain comparable results under the laws of such jurisdiction.

Appears in 3 contracts

Samples: Guarantee and Pledge Agreement, Guarantee and Pledge Agreement, Guarantee and Pledge Agreement

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Pledgor Instructions; Notice of Exclusive Control. So long as the Issuer has not received a Notice of Exclusive Control (as defined below), the Issuer may comply with instructions of the Pledgor or any duly authorized agent of the Pledgor in respect of the Securities. After the Issuer receives a written notice from the Secured Party that it is exercising exclusive control over the Securities (a Notice of Exclusive Control Control”), the Issuer will cease complying with instructions of the Pledgor or any of its agents. 1 If the Issuer s Issuer’s jurisdiction of incorporation is not a State in the United States that has adopted the revisions to Articles 8 and 9 of the UCC promulgated in 1994, this form of Issuer Control Agreement may not be appropriate. It may be necessary to transfer the relevant securities into the Secured Party s Party’s name to obtain comparable results under the laws of such jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (American International Group Inc), Guarantee and Pledge Agreement (American International Group Inc)

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Pledgor Instructions; Notice of Exclusive Control. So long as the Issuer has not received a Notice of Exclusive Control (as defined below), the Issuer may comply with instructions of the Pledgor or any duly authorized agent of the Pledgor in respect of the Securities. After the Issuer receives a written notice from the Rights Holder on behalf of the Secured Party Parties that it is exercising exclusive control over the Securities (a Notice of Exclusive Control Control”), the Issuer will cease complying with instructions of the Pledgor or any of its agents. 1 If the Issuer s Issuer’s jurisdiction of incorporation is not a State in the United States that has adopted the revisions to Articles 8 and 9 of the UCC promulgated in 1994, this form of Issuer Control Agreement may not be appropriate. It may be necessary to transfer the relevant securities into the Secured Party s Party’s name to obtain comparable results under the laws of such jurisdiction.

Appears in 2 contracts

Samples: Guarantee, Pledge and Proceeds Application Agreement, Guarantee, Pledge and Proceeds Application Agreement (American International Group Inc)

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