Common use of AUTHORIZATION AND INSTRUCTION OF MTF Clause in Contracts

AUTHORIZATION AND INSTRUCTION OF MTF. (a) MTF hereby authorizes the Lender to complete and date the Exercise Letters and submit the Exercise Letters to the Company from time to time and at any time for purposes of causing MTF to exercise some or all of the Options. (b) MTF hereby authorizes and instructs the Company: (i) to accept the Exercise Letters when submitted by the Lender to the Company; (ii) to sell the shares of stock covered by the Options exercised pursuant to the Exercise Letters and apply the proceeds of such sale as described in the Exercise Letters, including, without limitation, to remit the proceeds of the sale to Lender as described in Section 3 of the Exercise Letters; and (iii) to cancel those Options granted to MTF that are specified by the Lender in the Default Notice (as defined below).

AUTHORIZATION AND INSTRUCTION OF MTF. (a) MTF hereby authorizes the Lender to complete and date the Exercise Letters Letter and submit the Exercise Letters Letter to the Company from time to time and at any time for purposes of causing MTF to exercise some or all of the Options. (b) MTF hereby authorizes and instructs the Company: (i) to accept the Exercise Letters Letter when submitted by the Lender to the Company; (ii) to sell the shares of stock covered by the Options exercised pursuant to the Exercise Letters Letter and apply the proceeds of such sale as described in the Exercise LettersLetter, including, without limitation, to remit the proceeds of the sale to Lender as described in Section 3 of the Exercise LettersLetter; and (iii) to cancel those Options granted to MTF that are specified by the Lender in the Default Notice (as defined below).

AUTHORIZATION AND INSTRUCTION OF MTF. (a) MTF hereby authorizes the Lender to complete and date the Exercise Letters and submit the Exercise Letters to the Company from time to time and at any time for purposes of causing MTF to exercise some or all of the Options. (b) MTF hereby authorizes and instructs the Company: (i) to accept the Exercise Letters when submitted by the Lender to the Company; (ii) to sell the shares of stock covered by the Options exercised pursuant to the Exercise Letters and apply the proceeds of such sale as described in the Exercise Letters, including, without limitation, to remit the proceeds of the sale to Lender as described in Section 3 of the Exercise Letters; and (iii) to cancel those Options granted to MTF that are specified by the Lender in the Default Notice (as defined below).