Release from Pledge Sample Clauses

Release from Pledge. Upon the termination of this Pledge Agreement, Secured Party shall immediately release its security interest in the Stock. In addition, Secured Party shall deliver the certificate or certificates representing the Stock to Pledgor if Secured Party has possession of such certificates at that time. Upon such occurrence, the security interest of Secured Party shall automatically terminate and Secured Party shall thereafter have no interest whatsoever in the Stock.
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Release from Pledge. No Shares may be transferred, unless Rapid Link has made payment to Apex of all unpaid obligations existing under the Note (whether or not then due and payable), whether for principal, interest, fees, expenses or otherwise. Upon receipt by Apex of the payment as required by this section, the Shares shall be released from this Pledge Agreement.
Sample 1
Release from Pledge. No Pledged Shares may be transferred by Pledgor unless Pledgor has made payment to Pledgee of all unpaid obligations existing under the Note (whether or not then due and payable), whether for principal, interest, or otherwise and all unsatisfied obligations of Pledgor under the Note and this Pledge Agreement. In the event of (a) purchase by Pledgee from Pledgor of a number of the Pledged Shares sufficient to repay in full all obligations under the Note, whether for principal, interest, or otherwise or (b) repayment by Pledgor in full of all obligations under the Note, whether for principal, interest, or otherwise, the Pledged Shares shall be released from this Pledge Agreement. Pledgor hereby authorizes and directs Pledgee, upon receipt by Pledgor of payment to complete and execute the stock assignment or stock assignments delivered herewith to effectuate such transfer.
Sample 1
Release from Pledge. When Lender determines, in its sole discretion. that the entire principal balance of the Loan, together with all accrued interest and all other amounts due thereunder have been unconditionally paid and performed in full, Lender shall deliver to Guarantor the Stock remaining in Lender's possession, and all obligations among the Lender, on the one hand, and the Guarantor, on the other hand, shall thereupon cease. If at any time any payment of the principal of, or interest on the Loan or any other amount payable by the Borrower under the Loan, the Debenture or other loan documents is rescinded or must be otherwise restored or returned, the Guarantor shall immediately deliver to the Lender the Stock.
Sample 1
Release from Pledge. 2.1 Upon receipt by the Pledgee of the payment of DKK 6,500,000 under the Vendor Loan Agreement on or prior to 29 June 2012 in immediately available funds on its bank account with Danske Bank, account no. 4955-0000000000, the Pledgee shall automatically, and without the need for further action, release from the Pledge shares in the Company with nos. 130,001 — 200,000 owned by the Pledgor amounting to a nominal value of DKK 7,000,000 equal to 35% of the total share capital of the Company (as further defined below, the “Released Shares”). For the avoidance of doubt, such release of the Released Shares shall in no event be considered or interpreted as a release of the Pledge in full and shares in the Company with nos. 1 — 130,000 amounting to a nominal value of DKK 13,000,000 equal to 65% of the total share capital of the Company shall remain pledged to the Pledgor on the terms set out in the Agreement.
Sample 1

Related to Release from Pledge

  • Release of Pledged Shares from Pledge Upon the payment of all amounts due to the Pledgee under the Convertible Debentures by repayment in accordance with the terms of the Note, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Convertible Debentures, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Convertible Debentures, by repayment in accordance with the terms of the Note, this Agreement and Pledgee's security interest and rights in and to the Pledged Shares shall terminate.

  • Release from Escrow (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8.

  • RELEASE FROM GUARANTEES URSI shall use its best efforts to have the STOCKHOLDERS released from any and all guarantees on any obligations of the COMPANY that they personally guaranteed for the benefit of the COMPANY (including the COMPANY's Subsidiaries), with all such guarantees on indebtedness being assumed by URSI. URSI agrees to indemnify the STOCKHOLDERS against any and all claims made by lenders under such guarantee which arise as a result of URSI's failure to cause such guarantee to be released on or prior to the Closing.

  • Release from Restrictions The provisions of Section 6.1 shall not apply to any Confidential Information disclosed hereunder which:

  • Release from Liability Upon the disbursement of the Downpayment, together with the interest earned thereon, in accordance with this Agreement, Escrow Agent shall be relieved and released from any liability hereunder.

  • Continuous Pledge Subject to Section 2.4, the Pledgor will, at all times, keep pledged to the Lender pursuant hereto all Pledged Shares and all other shares of capital stock constituting Collateral, all Dividends and Distributions with respect thereto, and all other Collateral and other securities, instruments, proceeds, and rights from time to time received by or distributable to the Pledgor in respect of any Collateral.

  • Stock Pledge To evidence and perfect the Liens of Collateral Agent in the Subsidiary Stock, the Company and the Subsidiaries owning other Subsidiaries or Unrestricted Sub- sidiaries shall execute and deliver the Stock Pledge Agreement and will execute and deliver related undated stock powers ex- ecuted in blank by the Company and shall deliver all original certificates representing the Subsidiary Stock to Collateral Agent and will cause all issuers of Subsidiary Stock to execute and deliver pledge acknowledgments pursuant to the Stock Pledge Agreement.

  • FREE FROM LIENS Tenant shall keep the Premises, the Building and the Project free from any liens arising out of any work performed, material furnished or obligations incurred by or for Tenant. In the event that Tenant shall not, within ten (10) days following the imposition of any such lien, cause the lien to be released of record by payment or posting of a proper bond, Landlord shall have in addition to all other remedies provided herein and by law the right but not the obligation to cause same to be released by such means as it shall deem proper, including payment of the claim giving rise to such lien. All such sums paid by Landlord and all expenses incurred by it in connection therewith (including, without limitation, attorneys' fees) shall be payable to Landlord by Tenant upon demand. Landlord shall have the right at all times to post and keep posted on the Premises any notices permitted or required by law or that Landlord shall deem proper for the protection of Landlord, the Premises, the Building and the Project, from mechanics' and materialmen's liens. Tenant shall give to Landlord at least five (5) business days' prior written notice of commencement of any repair or construction on the Premises.

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

  • Prior Assignments; Pledges Except for the sale to the Assignee, the Assignor has not assigned or pledged any Mortgage Note or the related Mortgage or any interest or participation therein.

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