Instruction to Collateral Agent Clause Samples
The "Instruction to Collateral Agent" clause defines the process by which parties to an agreement can direct the collateral agent to take specific actions regarding the collateral held under the contract. Typically, this clause outlines who has the authority to issue instructions, the form such instructions must take (such as written notice), and any conditions or approvals required before the agent acts. Its core practical function is to ensure that the collateral agent acts only upon proper authorization, thereby safeguarding the interests of all parties and preventing unauthorized or unilateral actions concerning the collateral.
Instruction to Collateral Agent. Each of the Buyers, by its acknowledgement hereof, hereby directs the Collateral Agent to execute and deliver this Amendment, and authorizes the Collateral Agent to take action as agent on its behalf and to exercise such powers and discretion under the IP Security Agreement as are delegated to the Collateral Agent by the terms thereof, together with such powers and discretion as are reasonably incidental. This Section 9 is solely for the benefit of the Collateral Agent and the Buyers and neither the Grantor nor any other Person shall have rights as a third party beneficiary of the provisions in this Section 9.
Instruction to Collateral Agent. Each of the Buyers, by its acknowledgement hereof, hereby directs the Collateral Agent to execute and deliver this Amendment, and authorizes the Collateral Agent to take action as agent on its behalf and to exercise such powers and discretion under the Security Agreement, the Guaranty and Security Agreement and the Collateral Agency Agreement and the other Transaction Documents (as defined in the Collateral Agency Agreement) as are delegated to the Collateral Agent by the terms thereof, together with such powers and discretion as are reasonably incidental. This Section 12 is solely for the benefit of the Collateral Agent and the Buyers and neither the Grantor nor any other Person shall have rights as a third party beneficiary of the provisions in this Section 12.
Instruction to Collateral Agent. The Administrative Agent hereby instructs the Collateral Agent to enter into this Amendment.
Instruction to Collateral Agent. The undersigned Administrative Agent and Consenting Lenders hereby authorize and instruct the Collateral Agent to execute, deliver and perform this Fourth Amendment and further certify and confirm that such Consenting
Instruction to Collateral Agent. The undersigned Administrative Agent and Consenting Lenders hereby authorize and instruct the Collateral Agent to execute, deliver and perform this First Amendment and further certify and confirm that such Consenting Lenders constitute the Required Lenders, as defined in the Credit Agreement, and that the foregoing instruction and the actions taken in accordance therewith, are duly authorized by, and are in compliance with the terms of the Credit Agreement.