Common use of Duration of Pledge Clause in Contracts

Duration of Pledge. This Pledge shall be terminated upon the earlier of: (i) foreclosure by Secured Party of the security interest granted hereunder upon the occurrence of a Default or an Event of Default, or (ii) return of the Shares to Pledgor upon payment of the Obligations.

Appears in 2 contracts

Samples: Pledge Agreement (Cover All Technologies Inc), Pledge Agreement (Digital Recorders Inc)

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Duration of Pledge. This Pledge shall be terminated upon the earlier of: (i) foreclosure by Secured Party of the security interest granted hereunder upon the occurrence of a Default or an Event of Default, or (ii) return of the Shares to Pledgor upon payment of the Obligations.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Integrated Security Systems Inc), Stock Pledge Agreement (Integrated Security Systems Inc)

Duration of Pledge. This Pledge shall be terminated upon the earlier of: (i) foreclosure by Secured Party of the security interest granted hereunder upon the occurrence of a Default or an Event of Default, or (ii) return of the Shares to Pledgor upon payment of the Obligations. 8.

Appears in 1 contract

Samples: Pledge Agreement (Digital Recorders Inc)

Duration of Pledge. This Pledge shall be terminated upon the earlier of: (i) foreclosure by Secured Party of the security interest granted hereunder upon the occurrence of a Default or an Event of Default, or (ii) return of the Shares to Pledgor upon payment of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Simtek Corp)

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Duration of Pledge. This Pledge shall be terminated upon the earlier of: of (i) foreclosure by Secured Party of the security interest granted hereunder upon the occurrence of a Default or an Event of Default, or (ii) return of the Shares to Pledgor upon payment of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Integrated Security Systems Inc)

Duration of Pledge. This Pledge shall be terminated upon the earlier ------------------ of: (i) foreclosure by Secured Party Parties of the security interest granted hereunder upon the occurrence of a Default or an Event of Default, or (ii) return of the Pledged Shares to Pledgor upon payment of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (La Man Corporation)

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