Release of Pledged Securities. Upon the timely payment in full of all of the Obligations in accordance with the terms thereof, Secured Party shall notify the Escrow Agent in writing to such effect. Upon receipt of such written notice, the Escrow Agent shall return all of the Pledged Materials in Escrow Agent’s possession to the Pledgor, whereupon any and all rights of Secured Party in and to the Pledged Materials and all other Collateral shall be terminated.
Appears in 14 contracts
Samples: Security Agreement (Drone USA Inc.), Pledge and Escrow Agreement (Jupiter Wellness, Inc.), Pledge and Escrow Agreement (Sack Lunch Productions Inc.)
Release of Pledged Securities. Upon the timely payment in full of all of the Obligations in accordance with the terms thereof, Secured Party shall timely notify the Escrow Agent in writing to such effect. Upon receipt of such written notice, the Escrow Agent shall return all of the Pledged Materials in Escrow Agent’s possession to the Pledgor, whereupon any and all rights of Secured Party in and to the Pledged Materials and all other Collateral shall be terminated.
Appears in 3 contracts
Samples: Pledge and Escrow Agreement (Advanced Human Imaging LTD), Pledge and Escrow Agreement (Pacific Ventures Group, Inc.), Pledge and Escrow Agreement (Pacific Ventures Group, Inc.)
Release of Pledged Securities. Upon the timely payment in full of all of the Obligations in accordance with the terms thereof, Secured Party shall notify the Escrow Agent in writing to such effect. Upon receipt of such written notice, the Escrow Agent shall return all of the Pledged Materials in Escrow Agent’s possession to the PledgorPledgors, as applicable, whereupon any and all rights of Secured Party in and to the Pledged Materials and all other Collateral shall be terminated.
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Release of Pledged Securities. Upon the timely payment in full of all of the Obligations in accordance with the terms thereof, Secured Party shall timely notify the Escrow Agent and Pledgor in writing to such effect. Upon receipt of such written notice, the Escrow Agent shall return all of the Pledged Materials in Escrow Agent’s possession to the Pledgor, whereupon any and all rights of Secured Party in and to the Pledged Materials and all other Collateral shall be terminated.
Appears in 1 contract
