Common use of Payment of Indebtedness and Release of Pledged Shares Clause in Contracts

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof), the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powers.

Appears in 7 contracts

Samples: Pledge Agreement (Sealy Corp), Pledge Agreement (Sealy Corp), Pledge Agreement (Sealy Corp)

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Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof)Note, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powersassignment.

Appears in 7 contracts

Samples: Stock Pledge Agreement (Tmil Corp), Executive Stock Pledge Agreement (Corinthian Colleges Inc), Executive Investor Stock Pledge Agreement (Focal Communications Corp)

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment ------- -- ------------ --- ------- -- ------- ------ in full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof)Note, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powersassignment.

Appears in 5 contracts

Samples: Investor Stock Agreement (Aircraft Service International Group Inc), Corporation Executive Stock Agreement (Aircraft Service International Group Inc), Ranger Aerospace (Aircraft Service International Group Inc)

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof)Notes, the Company shall surrender the Pledged Shares to the Pledgor together with all forms of assignment or stock powersassignment.

Appears in 3 contracts

Samples: Executive Stock Pledge Agreement (MST Enterprises Inc), Stock Pledge Agreement (MST Enterprises Inc), Executive Stock Pledge Agreement (MST Enterprises Inc)

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in ----------------------------------------------------- full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof)Note, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powersassignment.

Appears in 3 contracts

Samples: Executive Stock Pledge Agreement (Corinthian Colleges Inc), Executive Stock Pledge Agreement (Corinthian Colleges Inc), Executive Stock Pledge Agreement (Corinthian Colleges Inc)

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in ------- -- ------------ --- ------- -- ------- ------ full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof)Note, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powersassignment.

Appears in 1 contract

Samples: Ranger Aerospace (Aircraft Service International Group Inc)

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Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment ------- -- ------------ --- ------- -- ------- ------ in full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof)Notes, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powersassignment.

Appears in 1 contract

Samples: Corporation Executive Stock Agreement (Aircraft Service International Group Inc)

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in ----------------------------------------------------- full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof), the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment or stock powers.

Appears in 1 contract

Samples: Pledge Agreement (Microclock Inc)

Payment of Indebtedness and Release of Pledged Shares. Upon ----------------------------------------------------- payment in full of the indebtedness evidenced by the Note (including all principal and accrued interest thereof)Note, the Company shall surrender the Pledged Shares and any additional security to Pledgor together with all forms of assignment or stock powersassignment.

Appears in 1 contract

Samples: Employment Agreement (State Communications Inc)

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