Common use of Performance by Pledgor Clause in Contracts

Performance by Pledgor. Upon full payment and performance of all of the Obligations by Pledgor and upon payment of all additional costs and expenses provided herein, this Agreement shall terminate and Secured Party shall deliver or caused to be delivered to Pledgor (except as set forth in the Stock Purchase Agreement or otherwise), 5 such of the Pledged Stock as shall not have been sold or otherwise disposed of pursuant to this Agreement.

Appears in 1 contract

Sources: Stock Pledge Agreement (Combichem Inc)

Performance by Pledgor. Upon full payment and performance of all of the Obligations by Pledgor and upon payment of all additional costs and expenses provided herein, this Agreement shall terminate and Secured Party shall deliver or caused to be delivered to Pledgor (except as set forth in the Stock Purchase Agreement or otherwise), 5 such of the Pledged Stock as shall not have been sold or otherwise disposed of pursuant to this Agreement.

Appears in 1 contract

Sources: Restricted Stock Issuance Agreement (Nanogen Inc)