Instructions to Trustee. The Pledgor shall follow the provisions of Clause 24.1 of the Trust Agreement with respect to instructing the Trustee, and (i) if no Repayment Formula Revision Event has occurred, the Beneficiary and the Agent shall, upon consultation, give instructions in their joint name, and if the Beneficiary and the Agent do not come to an agreement though consultation, the Agent may independently give instructions, and (ii) if a Repayment Formula Revision Event has occurred, the Agent may give instructions.
Appears in 5 contracts
Sources: Revolving Line Agreement (Advanced Micro Devices Inc), Floating Pledge Agreement (Spansion Inc.), Floating Pledge Agreement (Advanced Micro Devices Inc)