Common use of Instructions of the Company Clause in Contracts

Instructions of the Company. The Company (or, with respect to matters relating to the Call Options, the Call Option Holder) shall have the right, by one or more instruments in writing executed and delivered to the Collateral Agent, to direct the time, method and place of conducting any proceeding for any right or remedy available to the Collateral Agent, or of exercising any power conferred on the Collateral Agent, or to direct the taking or refraining from taking of any action authorized by this Agreement; provided, however, that (a) the Company shall not give any direction that in any way adversely affects the rights of the Call Option Holder hereunder or under the Call Options and the Call Option Holder shall not give any direction that in any way adversely affects the rights of the Company hereunder or under the Purchase Contracts, (b) such direction shall not conflict with the provisions of any law or of this Agreement and (c) the Collateral Agent shall be adequately indemnified as provided herein. Nothing in this Section 7.02 shall impair the right of the Collateral Agent in its discretion to take any action or omit to take any action which it deems proper and which is not inconsistent with such direction.

Appears in 3 contracts

Samples: Pledge Agreement (Monsanto Co), Pledge Agreement (Amerus Life Holdings Inc), Pledge Agreement (Monsanto Co)

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Instructions of the Company. The Company (or, with respect to matters relating to the Call Options, the Call Option Holder) shall have the right, by one or more instruments in writing executed and delivered to the Collateral Agent, to direct the time, method and place of conducting any proceeding for any right or remedy available to the Collateral Agent, or of exercising any power conferred on the Collateral Agent, or to direct the taking or refraining from taking of any action authorized by this Agreement; provided, however, that (ai) the no Company direction shall not give any direction that in any way adversely affects affect the rights of the Call Option Holder hereunder or under the Call Options and the no Call Option Holder direction shall not give any direction that in any way adversely affects affect the rights of the Company hereunder or under the Purchase Contracts, (bii) such direction shall not conflict with the provisions of any law or of this Agreement and (ciii) the Collateral Agent shall be adequately indemnified as provided herein. Nothing in this Section 7.02 7(b) shall impair the right of the Collateral Agent in its discretion to take any action or omit to take any action which it deems proper and which is not inconsistent with such direction.

Appears in 2 contracts

Samples: Pledge Agreement (Providian Financing Iv), Pledge Agreement (Ati Financing Ii)

Instructions of the Company. The Company (or, with respect to matters relating to the Call Options, the Call Option Holder) shall have the right, by one or more instruments in writing executed and delivered to the Collateral Agent, to direct the time, method and place of conducting any proceeding for any right or remedy available to the Collateral Agent, or of exercising any power conferred on the Collateral Agent, or to direct the taking or refraining from taking of any action authorized by this Agreement; provided, however, that (a) the no Company direction shall not give any direction that in any way adversely affects affect the rights of the Call Option Holder hereunder or under the Call Options and the no Call Option Holder direction shall not give any direction that in any way adversely affects affect the rights of the Company hereunder or under the Purchase Contracts, (b) such direction shall not conflict with the provisions of any law or of this Agreement and (c) the Collateral Agent shall be adequately indemnified as provided herein. Nothing in this Section 7.02 shall impair the right of the Collateral Agent in its discretion to take any action or omit to take any action which it deems proper and which is not inconsistent with such direction.

Appears in 2 contracts

Samples: Pledge Agreement (Life Re Capital Trust Ii), Pledge Agreement (Amerus Life Holdings Inc)

Instructions of the Company. The Company (or, with respect to matters relating to the Call Options, the Call Option Holder) shall have the right, by one or more instruments in writing executed and delivered to the Collateral Agent, to direct the time, method and place of conducting any proceeding for any right or remedy available to the Collateral Agent, or of exercising any power conferred on the Collateral Agent, or to direct the taking or refraining from taking of any action authorized by this Agreement; provided, however, that (a) the no Company direction shall not give any direction that in any way adversely affects affect the rights of the Call Option Holder hereunder or under the Call Options and the no Call Option Holder direction shall not give any direction that in any way adversely affects affect the rights of the Company hereunder or under the Purchase Contracts, (b) such direction shall not conflict with the provisions of any law or of this Agreement and (c) the Collateral Agent shall be adequately indemnified as provided herein. Nothing in this Section 7.02 7.2 shall impair the right of the Collateral Agent in its discretion to take any action or omit to take any action which it deems proper and which is not inconsistent with such direction.

Appears in 1 contract

Samples: Pledge Agreement (CMS Energy Corp)

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Instructions of the Company. The Company (or, with respect to matters relating to the Call Options, the Call Option Holder) shall have the right, by one or more instruments in writing executed and delivered to the Collateral Agent, to direct the time, method and place of conducting any proceeding for any right or remedy available to the Collateral Agent, or of exercising any power conferred on the Collateral Agent, or to direct the taking or refraining from taking of any action authorized by this Agreement; provided, however, that (a) the no Company direction shall not give any direction that in any way adversely affects affect the rights of the Call Option Holder hereunder or under the Call Options and the no Call Option Holder direction shall not give any direction that in any way adversely affects affect the rights of the Company hereunder or under the Purchase Contracts, (b) such direction shall not conflict with the provisions of any law or of this Agreement and (c) the Collateral Agent shall be adequately indemnified as provided herein. Nothing in this Section 7.02 8.2 shall impair the right of the Collateral Agent in its discretion to take any action or omit to take any action which it deems proper and which is not inconsistent with such direction.

Appears in 1 contract

Samples: Pledge Agreement (CMS Energy Corp)

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