Authorization of Issuers. Subject to the limitations set forth in this Agreement or in any other Loan Document, each Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Lender in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or the Note, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lender.
Appears in 1 contract
Sources: Guaranty and Security Agreement (Signal Genetics LLC)
Authorization of Issuers. Subject to the limitations set forth in this Agreement or in any other Loan Document, each Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Lender Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) if any Event of Default is continuing, unless otherwise expressly permitted hereby or the NoteLoan Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to LenderAgent. Agent hereby agrees that it shall not give any such instructions unless an Event of Default has occurred and is continuing.
Appears in 1 contract
Sources: Guaranty and Security Agreement (CURO Group Holdings Corp.)
Authorization of Issuers. Subject to From and after the limitations set forth in this Agreement or in any other Loan DocumentFunding Date, each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Lender Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or the NoteCredit Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to LenderAgent.
Appears in 1 contract
Sources: Guaranty and Security Agreement (Rimini Street, Inc.)
Authorization of Issuers. Subject to the limitations set forth in this Agreement or in any other Loan Document, each Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) subject to the notice requirements of Section 6.3(a), comply with any instruction received by it from Lender the Administrative Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or the NoteCredit Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lenderthe Administrative Agent.
Appears in 1 contract
Sources: Security and Pledge Agreement (Cambium Networks Corp)
Authorization of Issuers. Subject to the limitations set forth in this Agreement or in any other Loan Document, each Each Grantor hereby expressly and irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to, subject to the Intercreditor Agreement, (i) comply with any instruction received by it from Lender Collateral Trustee in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or the NoteParity Lien Document, each issuer of any Pledged Collateral to pay any dividend or make any other payment with respect to the Pledged Collateral directly to LenderCollateral Trustee.
Appears in 1 contract
Authorization of Issuers. Subject to At any time during the limitations set forth in this Agreement or in any other Loan Documentcontinuance of an Event of Default, each Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Lender the Collateral Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or the Notehereby, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lenderthe Collateral Agent.
Appears in 1 contract
Authorization of Issuers. Subject to the limitations set forth in this Agreement or in any other Loan DocumentSubordination Agreement, each Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Lender the Collateral Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or by the NoteNote Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lenderthe Collateral Agent.
Appears in 1 contract
Sources: Guaranty and Security Agreement (Princeton Review Inc)
Authorization of Issuers. Subject to the limitations set forth in this Agreement or in any other Loan Documentterms of the Closing Date Intercreditor Agreement, each Grantor hereby expressly irrevocably authorizes and instructs, without any further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Lender the Second Lien Collateral Agent in writing that states that an Event of Default is continuing and is otherwise in accordance with the terms of this Agreement and each Grantor agrees that such issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) unless otherwise expressly permitted hereby or the NoteCredit Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Lenderthe Second Lien Collateral Agent.
Appears in 1 contract
Sources: Guaranty and Security Agreement (CSAV Holding Corp.)