Termination of Stock Pledge Agreement Sample Clauses

Termination of Stock Pledge Agreement. Concurrently with the payment of the Global Note, the Stock Pledge Agreement shall be deemed terminated, cancelled and of no further legal force or effect.
Sample 1
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Termination of Stock Pledge Agreement. Effective immediately upon Landlord’s receipt of the entire Security Deposit (i.e., all nine (9) installments) in accordance with Section 1 of this Fifth Amendment, the Stock Pledge Agreement shall automatically terminate without further action of Landlord or Tenant, and thereafter neither party shall have any further rights or obligations thereunder.
Sample 1
Termination of Stock Pledge Agreement. Concurrently with the purchase of the G+W Shares, the Pledge Agreement shall automatically terminate and be considered null and void.
Sample 1
Termination of Stock Pledge Agreement. Effective as of the Closing Date (as defined in the Merger Agreement), the Stock Pledge Agreement shall be terminated, and the Pledged Collateral (as defined in the Stock Pledge Agreement) shall be released at such time, including, within three (3) days following the Closing Date, (i) the delivery to the Borrower by the Administrative Agent of the original Pledged Shares (as defined in the Stock Pledge Agreement) and original stock power(s) related thereto and (ii) the delivery to the Borrower by the Administrative Agent of evidence of termination of any and all UCC-1 Financing Statements of record as against Borrower in respect of the Pledged Collateral.
Sample 1
Termination of Stock Pledge Agreement. At or prior to Closing, iPayment shall have received a termination of the Stock Pledge Agreement that secures the Promissory Note by FMBS to Xx. Xxxxxxxxx for $1,900,000.
Sample 1

Related to Termination of Stock Pledge Agreement

  • Stock Pledge Agreement The term "Stock Pledge Agreement" shall have the meaning set forth in Section 6.3(xiii).

  • Termination of Pledge Agreement This Agreement and the rights hereby granted by Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of Pledgor under the Securities Contract and hereunder. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Security Interests and delivered to Pledgor by Secured Party, all at the request and expense of Pledgor.

  • Termination of Stockholders Agreement The Stockholders, the Company and the other parties thereto hereby agree to terminate the Stockholders Agreement, including any and all annexes or exhibits thereto, as of the Effective Time. The provisions of the Stockholders Agreement shall not survive its termination, and shall have no further force from and after the Effective Date, nor shall any party to the Stockholders Agreement have any surviving obligations, rights or duties thereunder.

  • Effect of Termination of Service on Restricted Stock Award 10.1 This Restricted Stock Award will vest as follows:

  • Termination of Shareholders Agreement Each of the Parties agrees that upon the Closing, the Shareholders’ Agreement shall be, without any further action required by any Party, terminated immediately, in its entirety and shall be of no further force or effect, including without limitation, each of the provisions of Section 8.3 thereof.

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Incorporation of Separation Agreement Provisions The following provisions of the Separation Agreement are hereby incorporated herein by reference, and unless otherwise expressly specified herein, such provisions shall apply as if fully set forth herein (references in this Section 10.6 to an “Article” or “Section” shall mean Articles or Sections of the Separation Agreement, and references in the material incorporated herein by reference shall be references to the Separation Agreement): Article V (relating to Exchange of Information; Confidentiality); Article VI (relating to Additional Covenants and Other Matters); Article VII (relating to Mutual Releases; Indemnification); Article VIII (relating to Termination); Article IX (relating to Dispute Resolution); and Article X (relating to Miscellaneous).

  • of the Pledge Agreement Upon the occurrence of a Termination Event, the Company shall promptly but in no event later than two Business Days thereafter give written notice to the Agent, the Collateral Agent and to the Holders, at their addresses as they appear in the Register.

  • Pledge Agreement Other than as expressly permitted hereunder, the Pledge Agreement or any other Security Document pursuant to which the Capital Stock or Stock Equivalents of the Borrower or any Subsidiary is pledged or any material provision thereof shall cease to be in full force or effect (other than pursuant to the terms hereof or thereof or as a result of acts or omissions of the Collateral Agent or any Lender) or any pledgor thereunder or any Credit Party shall deny or disaffirm in writing any pledgor’s or Credit Party’s obligations under any Security Document; or

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

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