Common use of Release of the Pledge and Security Interest Created Hereby Clause in Contracts

Release of the Pledge and Security Interest Created Hereby. Upon payment in full of the outstanding principal amount of and accrued interest on the Note in accordance with its terms and payment or satisfaction of all other Secured Obligations, the Pledgee will, upon the written request of all Pledgors, return to the Pledgors all Collateral held by the Pledgee.

Release of the Pledge and Security Interest Created Hereby. Upon payment in full of the outstanding principal amount of and accrued interest on the Note in accordance with its terms and payment or satisfaction of all other Secured Obligations, the Pledgee will, upon the written request of all Pledgors, return to the Pledgors all Collateral held by the Pledgee. Upon such payment or satisfaction, Pledgee will execute and deliver to the Pledgors such documents as the Pledgors may reasonably request to evidence the payment or satisfaction of the Secured Obligations or the release of the Collateral, as the case may be.