Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs each Issuer to comply with any instruction received by it from the Secured Party in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each Issuer shall be fully protected in so complying.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Richardson Electronics LTD/De), Stock Pledge Agreement (Richardson Electronics LTD/De)
Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs each the Issuer to comply with any instruction received by it from the Secured Party Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each the Issuer shall be fully protected in so complying.
Appears in 2 contracts
Samples: BMC Pledge Agreement (Homeside Lending Inc), Pledge Agreement (Homeside Lending Inc)
Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs each the Issuer to comply with any instruction received by it from the Secured Party Administrative Agent in writing that (a) states that an Event of Default has occurred and is continuing and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each the Issuer shall be fully protected in so complying.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Lin Television Corp), Holding Pledge Agreement (Citadel Broadcasting Co)
Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs each Issuer to comply with any instruction received by it from the Secured Party Administrative Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each Issuer shall be fully protected in so complying.
Appears in 2 contracts
Samples: Credit Agreement (Adelphia Communications Corp), Pledge Agreement (Homeside Lending Inc)
Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs each Issuer to comply with any instruction received by it from the Secured Party Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each Issuer shall be fully protected in so complying.
Appears in 2 contracts
Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/), Paxson Pledge Agreement (Paxson Communications Corp)
Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs each the Issuer to comply with any instruction received by it from the Secured Party Agent in writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each the Issuer shall be fully protected in so complying.
Appears in 1 contract
Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/)
Irrevocable Authorization and Instruction to Issuer. The Pledgor hereby authorizes and instructs each Issuer to comply with any instruction received by it such Issuer from the Secured Party Lender in writing that (a) states that an Event of Default has occurred and is continuing and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that each such Issuer shall be fully protected in so complying.
Appears in 1 contract
