Payment of Indebtedness and Release of Pledged Shares Sample Clauses

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof), the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powers.
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Payment of Indebtedness and Release of Pledged Shares. Upon payment in full of the indebtedness evidenced by the Note, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment.
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Payment of Indebtedness and Release of Pledged Shares. Upon payment in full of the indebtedness evidenced by the Note, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment as Pledgor may request and deems sufficient to reconvey title thereto to Pledgor. Simultaneous with the consummation of an Approved Sale (as defined in the Executive Stock Agreement, dated as of the date hereof, between Pledgor and the Company), the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment as Pledgor may request and deems sufficient to reconvey title thereto to Pledgor; provided that all proceeds received with respect to the Pledged Shares in such Approved Sale be applied to pay the Note in the manner set forth therein.
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Payment of Indebtedness and Release of Pledged Shares. Subject to Section 5 above, upon payment in full of the indebtedness evidenced by the Note, the Company shall surrender all of the Pledged Shares (and any dividends held as security) to Pledgor together with all forms of assignment. Upon exercise of the Repurchase Option pursuant to the terms of Section 3 of the Senior Management Agreement, the Company shall surrender to the purchaser (upon receipt of payment therefor) the number of Pledges Shares being repurchased together with all forms of assignment.
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Payment of Indebtedness and Release of Pledged Shares. Upon payment of ----------------------------------------------------- any portion of the aggregate indebtedness evidenced by the Executive Note, Holdings shall promptly release a pro rata portion of the Pledged Shares to the --- ---- Executive, together with all forms of assignment reasonably requested by the Executive and other documentation reasonably requested by the Executive relating to the released Pledged Shares. Upon full payment of all principal and interest evidenced by the Executive Note, Holdings shall promptly release all Pledged Shares to the Executive, together with all forms of assignment reasonably requested by the Executive and other documentation reasonably requested by the Executive relating to them.
Sample 1
Payment of Indebtedness and Release of Pledged Shares. Upon payment in full of the indebtedness evidenced by the Note and termination of the Indemnity, HomeGold and HGI shall surrender the Pledged Shares and any additional security to Pledgor together with all forms of assignment.
Sample 1
Payment of Indebtedness and Release of Pledged Shares. Upon payment in full of the indebtedness evidenced by the Notes, including all amounts in respect of principal and interest, this Agreement will terminate and SEPR shall surrender the Pledged Shares to Holdings together with the irrevocable stock power.
Sample 1
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Payment of Indebtedness and Release of Pledged Shares. Upon full payment of all principal and interest evidenced by the Note, iNTELEFILM shall promptly release all Pledged Shares to the Principals, together with all forms of assignment reasonably requested by the Principals and other documentation reasonably requested by the Principals relating to them.
Sample 1
Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in full of the indebtedness evidenced by the Note, Ledecky shall surrender the Pledged Shares (and any dividends held as security) to the Company together with all forms of assignment.
Sample 1

Related to Payment of Indebtedness and Release of Pledged Shares

  • Release of Pledged Shares from Pledge Upon the payment of all amounts due to the Pledgee under the Convertible Debentures by repayment in accordance with the terms of the Note, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Convertible Debentures, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Convertible Debentures, by repayment in accordance with the terms of the Note, this Agreement and Pledgee's security interest and rights in and to the Pledged Shares shall terminate.

  • Acknowledgement of Indebtedness 2.1 The Company and the Subscriber acknowledge and agree that the Company is indebted to the Subscriber in the amount of the Outstanding Amount.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

  • Payment of Indebtedness Pledgor will pay the principal sum of the Note secured hereby, together with interest thereon, at the time and in the manner provided in the Note.

  • Acknowledgment of Indebtedness The Issuer acknowledges its indebtedness to the Note Holder in respect of each Note issued under this agreement.

  • Authorization of Pledged Shares The Pledged Shares are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person.

  • Authorization of Pledged Equity All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

  • Restriction on Prepayment of Indebtedness The Borrower and the Guarantors will not, and will not permit their respective Subsidiaries to, (a) subject to §12.5, prepay, redeem, defease, purchase or otherwise retire the principal amount or pay any termination, breakage or similar payments under Derivative Contracts, in whole or in part, of any Indebtedness other than the Obligations and the Hedge Obligations after the occurrence and during the continuance of any Event of Default; provided, that the foregoing shall not prohibit (x) the prepayment of Indebtedness which is financed solely from the proceeds of a new loan which would otherwise be permitted by the terms of §8.1; and (y) the prepayment, redemption, defeasance or other retirement of the principal of Indebtedness secured by Real Estate which is satisfied solely from the proceeds of a sale of the Real Estate securing such Indebtedness; and (b) modify any document evidencing any Indebtedness (other than the Obligations) to accelerate the maturity date of such Indebtedness after the occurrence and during the continuance of an Event of Default.

  • Repayment of Indebtedness Except as disclosed in the Registration Statement and the Prospectus, the Company does not intend to use any of the proceeds from the sale of the Shares to repay any debt owed to the Sales Agent or the Forward Seller or any affiliate thereof.

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