Common use of Securities Accounts Clause in Contracts

Securities Accounts. Each Obligor irrevocably authorizes and directs each securities intermediary or other Person with which any securities account or similar investment property is maintained, if any, upon written instruction of Agent, to dispose of such Collateral at the direction of Agent and comply with the instructions originated by Agent without further consent of any Obligor. Agent agrees with the Obligors that such instruction shall not be given by Agent unless a Default or Event of Default has occurred and is continuing.

Securities Accounts. Each Obligor irrevocably authorizes and directs each securities intermediary or other Person with which any securities account or similar investment property is maintained, if any, upon written instruction of the Agent (with a copy to the Borrower Agent), to dispose of such Collateral at the direction of the Agent and comply with the instructions originated by Agent without further consent of any Obligor. The Agent agrees with the Obligors that such instruction shall not be given by the Agent unless a Default or an Event of Default has occurred and is continuing.

Securities Accounts. Each Obligor irrevocably authorizes and directs each securities intermediary or other Person with which any securities account or similar investment property is maintained, if any, upon written instruction of the Agent (with a copy to the Borrower Agent), to dispose of such Collateral at the direction of the Agent and comply with the instructions originated by Agent without further consent of any Obligor. The Agent agrees with the Obligors each Obligor that such instruction shall not be given by the Agent unless a Default or an Event of Default has occurred and is continuing.

Securities Accounts. Each Obligor Borrower irrevocably authorizes and directs each securities intermediary or other Person with which any securities account or similar investment property is maintained, if any, upon written instruction of the Agent (with a copy to the Borrower Agent), to dispose of such Collateral at the direction of the Agent and comply with the instructions originated by Agent without further consent of any ObligorBorrower or any other Person. The Agent agrees with the Obligors Borrowers that such instruction shall not be given by the Agent unless a Default or an Event of Default has occurred and is continuing.

Securities Accounts. Each Obligor irrevocably authorizes and directs each securities intermediary or other Person with which any securities account or similar investment property is maintained, if any, upon written instruction of the Agent, to dispose of such Collateral at the direction of the Agent and comply with the instructions originated by Agent without further consent of any Obligor. The Agent agrees with the Obligors that such instruction shall not be given by the Agent unless a Default or an Event of Default has occurred and is continuing.