Services and Instructions Sample Clauses

Services and Instructions. PLEDGOR shall notify in writing the buyers under the Hydrocarbon Commercial Sales Agreements existing on the date of this Pledge Agreement, within the three (3) working days following the date of execution of this Pledge Agreement, in the manner indicated in Annex No. 2 to this Pledge Agreement, that from the date on which this Pledge Agreement is entered into all the rights of PLEDGOR to receive payments under the Hydrocarbon Commercial Sales Agreements have been pledged in favor of PLEDGEE. Additionally, PLEDGOR shall instruct irrevocably the buyers under the Hydrocarbon Commercial Sales Agreements to make all the US Dollars payments derived from the Hydrocarbon Commercial Sales Agreements, through a transfer and deposit of those payments in the Collection Account in accordance with the provisions of the FOURTH CLAUSE. Such instructions shall be irrevocable by the PLEDGOR from and after the date of the issuance thereof unless otherwise agreed to by the PLEDGEE. For each Hydrocarbon Commercial Sales Agreement entered into after the date of this Pledge Agreement, PLEDGOR shall similarly notify the relevant buyer and the Collection Account bank in accordance with the procedures set forth in the preceding provisions of this FOURTH CLAUSE regarding Hydrocarbon Commercial Sales Agreements existing on the date of this Pledge Agreement. 1 The account to be used as the US Collection account will be the same account opened by Solana with BNP under the Solana / BNP credit agreement.