Payment of the Obligations. Simultaneously with the payment in full -------------------------- of the Obligations, or the Obligations are otherwise deemed to have been paid in full pursuant to the terms of the Stock Purchase Agreement and the Note, the Secured Party shall execute and file at his own expense any and all instruments necessary to terminate the security interest in the Collateral created by this Agreement and also execute any and all other instruments deemed reasonably necessary by the Debtor to vest in the Debtor title in the Company Common Stock and any other item constituting the Collateral, free from any claim by the Secured Party.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Spiderboy International Inc), Stock Pledge Agreement (Spiderboy International Inc), Stock Pledge Agreement (Spiderboy International Inc)
Payment of the Obligations. Simultaneously with the payment in full -------------------------- of the Obligations, or the Obligations are otherwise deemed to have been paid in full pursuant to the terms of the Stock Purchase Merger Agreement and the Note, the Secured Party shall execute and file at his own expense any and all instruments necessary to terminate the security interest in the Collateral created by this Agreement and also execute any and all other instruments deemed reasonably necessary by the Debtor to vest in the Debtor title in the Company Common Stock and any other item constituting the Collateral, free from any claim by the Secured Party.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Entech Environmental Technologies Inc), Merger Agreement (Entech Environmental Technologies Inc)
Payment of the Obligations. Simultaneously with the payment in full -------------------------- of the Obligations, or the Obligations are otherwise deemed to have been paid in full pursuant to the terms of the Stock Purchase Agreement and the NoteObligations, the Secured Party shall execute and file at his its own expense any and all instruments necessary to terminate the security interest in the Collateral created by this Agreement and also execute any and all other instruments deemed reasonably necessary by the Debtor to vest in the Debtor title in the Company Common Sartam Stock and any other item constituting the Collateral, free from any claim by the Secured Party.
Appears in 1 contract
Samples: Stock Purchase Agreement (Zann Corp)
