Termination of Pledge Clause Examples
The 'Termination of Pledge' clause defines the conditions and procedures under which a pledge—typically a security interest in property or assets—comes to an end. This clause usually specifies events such as full repayment of the underlying debt, mutual agreement, or the occurrence of a specified event that triggers the release of the pledged asset. For example, once a borrower repays a secured loan in full, the lender is required to return the pledged collateral. The core function of this clause is to provide clarity and certainty regarding when and how the parties' obligations related to the pledge are concluded, thereby protecting both parties' interests and ensuring the proper release of security.
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Termination of Pledge. The pledge granted to the Pledgeholder hereunder shall terminate at the earlier of:
7.1 the Secured Obligations being repaid in full; or
7.2 the written agreement of the Parties.
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. Promptly following the execution of this Agreement, and in any event prior to Stockholder’s tender of the Owned Shares in accordance with and subject to the requirements of Section 2.1, Stockholder shall cause the pledge of any Owned Shares under the Pledge Agreement to be terminated and any associated Liens to be removed from the Owned Shares.
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.
(b) If no Utilisation is provided to the Borrower under the Facilities Agreement within the Availability Period, the Pledge shall automatically terminate (in Slovak zanikne) immediately after all Commitments are irrevocably cancelled.
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.
6.2 Subject to the provisions in the preceding paragraph, the equity pledge hereunder shall not be terminated without Pledgee’s prior written consent.
Termination of Pledge. Upon payment and discharge in full of all moneys and obligations intended to be secured hereby, and upon a written request by the Pledgor, the Pledgee shall forthwith consent to the termination of this Agreement, the release of the Accounts from this security and shall, give notice of the termination of the pledge constitution by this Agreement to the Bank and, release to the Pledgor any excess of cash (if any) then held by the Pledgee hereunder.
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. This Agreement and the pledge made hereby shall remain in effect until all of the Obligations have been paid and satisfied in full, and all terms and conditions of the Transaction Documents have been satisfied in full and shall have expired by their terms. The Pledgee shall thereupon assign, transfer and deliver to the Pledgor without representation, warranty or recourse, against appropriate receipts, all the Collateral, 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.