Common use of Irrevocable Authorization and Instruction to Issuer Clause in Contracts

Irrevocable Authorization and Instruction to Issuer. (a) The Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (i) states that an Event of Default has occurred and is continuing and (ii) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and agrees that each such Issuer shall be fully protected in so complying.

Appears in 6 contracts

Samples: Pledge Agreement (Graftech International LTD), Pledge Agreement (Graftech International LTD), Pledge Agreement (Graftech International LTD)

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Irrevocable Authorization and Instruction to Issuer. (a) The Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and agrees that each such Issuer shall be fully protected in so complying.

Appears in 5 contracts

Samples: Pledge Agreement, Pledge Agreement (Graftech International LTD), Pledge Agreement (Graftech International LTD)

Irrevocable Authorization and Instruction to Issuer. (a) The Each Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the such Pledgor pursuant to Section 2 hereof to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the such Pledgor, and agrees that each such Issuer shall be fully protected in so complying.

Appears in 3 contracts

Samples: Pledge Agreement (Ucar International Inc), Pledge Agreement (Ucar International Inc), Pledge Agreement (Ucar International Inc)

Irrevocable Authorization and Instruction to Issuer. (a) The Each Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the such Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the such Pledgor, and agrees that each such Issuer shall be fully protected in so complying.

Appears in 3 contracts

Samples: Pledge Agreement (Graftech International LTD), Pledge Agreement (GrafTech Holdings Inc.), Pledge Agreement (Graftech International LTD)

Irrevocable Authorization and Instruction to Issuer. (a) The Pledgor hereby authorizes and instructs each the Issuer that has issued Pledged Stock pledged by the Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent Lender in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Stock Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each such the Issuer shall be fully protected in so complying.

Appears in 2 contracts

Samples: Modification Agreement (Natural Gas Services Group Inc), Loan Agreement (Natural Gas Services Group Inc)

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Irrevocable Authorization and Instruction to Issuer. (a%3) The Each Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the such Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the such Pledgor, and agrees that each such Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Graftech International LTD)

Irrevocable Authorization and Instruction to Issuer. (a) The Pledgor hereby authorizes and instructs each Issuer that has issued of Pledged Stock pledged owned by Pledgor that, upon the Pledgor pursuant occurrence and during the continuation of an Event of Default, subject to Section 2 to the terms of the Subordination Agreement, such Issuer shall comply with any written instruction received by it such Issuer from the Investment Manager with respect to such Collateral Agent in writing that (i) states that an Event of Default has occurred and is continuing and (ii) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and Pledgor acknowledges and agrees (without impairing Pledgor’s rights, if any, against Investment Manager pursuant to Section 8.2 of this Agreement) that each such Issuer shall be fully protected in so complyingcomplying with any such instructions.

Appears in 1 contract

Samples: Stock Pledge Agreement (MTM Technologies, Inc.)

Irrevocable Authorization and Instruction to Issuer. (a%3) The Pledgor hereby authorizes and instructs each Issuer that has issued Pledged Stock pledged by the Pledgor pursuant to Section 2 to comply with any instruction received by it from the Collateral Agent in writing that (ia) states that an Event of Default has occurred and is continuing and (iib) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and agrees that each such Issuer shall be fully protected in so complying.

Appears in 1 contract

Samples: Pledge Agreement (Graftech International LTD)

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