Termination of Pledge. Upon the performance by Merchant in full of the Merchant Obligations, the security interest in the Collateral pursuant to this Pledge shall automatically terminate without any further act of either party being required, and all rights to the Collateral shall revert to Merchant. Upon any such termination, Purchaser will execute, acknowledge (where applicable) and deliver such satisfactions, releases and termination statements, as Merchant shall reasonably request.
Termination of Pledge. 6.1 The pledge shall be terminated automatically upon termination of Technology Service Agreement and full discharge of the Secured Debt. In such case, as requested by Pledgors, Pledgee shall sign a written document to terminate the equity pledge created hereunder and submit such document to Pledgors, or assist Pledgors in handling other procedures for terminating the equity pledge hereunder.
Termination of Pledge. (a) The Pledge shall be valid and effective until all Secured Receivables have been irrevocably paid in full or ceased to exist in full in such a manner that no other Secured Receivable or its part may arise, or until any other circumstance anticipated by law for termination of a pledge has arisen. The Pledgee shall issue this written confirmation without undue delay after termination of the Pledge upon full payment of all Secured Receivables, but in no event later than within ten Business Days after Pledgor’s written request.
Termination of Pledge. The pledge granted to the Pledgeholder hereunder shall terminate at the earlier of:
Termination of Pledge. When the Promissory Note shall have been paid in full, this Pledge Agreement shall terminate. Corporation shall forthwith assign, transfer and deliver to the Pledgor or its assignees, without representation, warranty or recourse, against appropriate receipts, all the Pledged Stock, if any, then held by it in pledge hereunder.
Termination of Pledge. Upon the satisfaction in full of all Obligations and the satisfaction of all additional costs and expenses of Pledgee as provided herein, this Pledge shall terminate and Pledgee shall deliver to Pledgor, the Pledged Securities or so much thereof as shall not have been sold or otherwise applied pursuant to this Pledge.
Termination of Pledge. This Pledge Agreement and the security interest and pledge hereunder shall not terminate until the full and final payment and performance of all indebtedness and obligations secured hereunder. At such time, the Company shall reassign and deliver to Borrower all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Company in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Company, and shall be at the expense of Borrower. Without limiting the generality of the foregoing, the security interest and pledge hereunder shall not be terminated by the transfer of any of the Collateral hereunder from the Company to Borrower, or any person designated by Borrower, for the purpose of ultimate sale, exchange, presentation, collection, renewal or registration of transfer or for any other purpose.
Termination of Pledge. Each of Buyer and the Company hereby consents to the termination of the Pledge Agreement and the release of the proceeds from the sale of the Preferred Stock to Seller pursuant hereto, subject to any claims of Citicorp USA Inc. pursuant to the Citicorp Pledge Agreement.
Termination of Pledge. When all of the Obligations, including, without limitation, the Note, shall have been paid in full, this Pledge Agreement shall terminate. The Pledgees shall forthwith assign, transfer and deliver to the Pledgor or its respective successors or assigns without representation, warranty or recourse, against appropriate receipts, all the Pledged Stock, ir any, then held by the Pledgees in pledge hereunder, free and clear of all liens and encumbrances created by the Pledgees or its representatives. This provision shall survive the termination of this Pledge Agreement.
Termination of Pledge. This Agreement shall continue in effect until the Reference Date, provided that this Agreement and the security interest created hereunder will terminate when the Collateral is no longer subject to the security interest in accordance with the Note, or as permitted by the terms of the Transaction Documents. Upon such termination any Collateral then in the custody of the Collateral Agent or its nominee must be re-delivered to the relevant Pledgor as soon as practicable. The Collateral Agent shall have no liability whatsoever to any other Secured Party as the result of any release or re-delivery of the Collateral (or any portion thereof) by it in accordance with (or which the Collateral Agent in good faith believes to be in accordance with) the terms of this Section 6.04.
