Common use of Repayment; Termination Clause in Contracts

Repayment; Termination. If the Obligations secured by this Agreement have been satisfied in full to the satisfaction of Tintagel, then at such time, Tintagel shall re-assign, re-convey, and transfer to Assignor all Pledged Stock held by Tintagel to or for the Obligations, and this Agreement shall terminate.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Warren James V), Stock Purchase Agreement (Smith K H), Stock Purchase Agreement (U S Technologies Inc)