Termination of this Security Interest and Agreement. This Agreement and the Security Interest created hereby shall terminate immediately on the satisfaction of all of the Company’s Obligations and the Collateral Agent shall immediately thereafter return to the Pledgor all certificates, and related stock powers, with respect to the Shares directly or indirectly in his possession or control.
Appears in 3 contracts
Samples: Stock Pledge and Security Agreement, Stock Pledge and Security Agreement (Nexxus Lighting, Inc.), Stock Pledge and Security Agreement (Nexxus Lighting, Inc.)
Termination of this Security Interest and Agreement. This Agreement and the Security Interest created hereby shall terminate immediately on the satisfaction of all of the Company’s Obligations (the “Termination Date”), and the Collateral Agent shall then immediately thereafter return to the Pledgor Pledgors all certificates, and related stock powers, with respect to the Shares directly or indirectly in his its possession or control.
Appears in 2 contracts
Samples: Note Purchase Agreement (China SLP Filtration Technology, Inc.), Stock Pledge Agreement (Perpetual Technologies, Inc.)
Termination of this Security Interest and Agreement. This Agreement and the Security Interest created hereby shall terminate immediately on the satisfaction of all of the Company’s Obligations and the Collateral Agent shall immediately thereafter return to the Pledgor all certificatescertificates (if any), and related stock powers, with respect to the Shares Interests directly or indirectly in his possession or controlcontrol and file a UCC termination statement with respect to the Security Interest in the Interests.
Appears in 2 contracts
Samples: Limited Liability Company Equity Interest Pledge and Security Agreement (Nexxus Lighting, Inc.), Limited Liability Company Equity Interest Pledge and Security Agreement (Nexxus Lighting, Inc.)
Termination of this Security Interest and Agreement. This Agreement and the Security Interest created hereby shall terminate immediately on the satisfaction of all of the Company’s Obligations (the “Termination Date”), and the Collateral Agent shall then immediately thereafter return to the Pledgor Pledgors all certificates, and related stock powers, with respect to the Shares directly or indirectly in his possession or control.
Appears in 1 contract
