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, the Company shall surrender the Pledged Shares to Pledgor together with all forms of assignment.

Appears in 17 contracts

Samples: Investor Stock Agreement (Aircraft Service International Inc), Senior Management Agreement (U S Aggregates Inc), Executive Stock Purchase Agreement (Knowles Electronics LLC)

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Payment of Indebtedness and Release of Pledged Shares. Upon payment in full of the indebtedness evidenced by the Note, the Company shall surrender all of the Pledged Shares (and any dividends held as security) to Pledgor together with all forms of assignment.

Appears in 3 contracts

Samples: Executive Stock Pledge Agreement (Digitalnet Holdings Inc), Executive Stock Pledge Agreement (Digitalnet Holdings Inc), Executive Stock Pledge Agreement (Digitalnet Holdings Inc)

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