Common use of Redelivery of Collateral Clause in Contracts

Redelivery of Collateral. Upon payment in full of the entire principal sum and all accrued interest due under the Note, and subject to the terms and conditions of the Purchase Agreement, the Company will immediately redeliver the Collateral to Pledgor and this Agreement will terminate; provided, however, that all rights of the Company to retain possession of the Shares pursuant to the Purchase Agreement will survive termination of this Agreement.

Appears in 5 contracts

Samples: Non Plan Stock Option Agreement (Transmeta Corp), Restricted Stock Purchase Agreement (Niku Corp), Restricted Stock Purchase Agreement (Niku Corp)

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Redelivery of Collateral. Upon payment in full of the entire ------------------------ principal sum and all accrued interest due under the Note, and subject to the terms and conditions of the Purchase Agreement, the Company will immediately redeliver the Collateral to Pledgor and this Agreement will terminate; provided, -------- however, that all rights of the Company to retain possession of the Shares ------- pursuant to the Purchase Agreement will survive termination of this Agreement.

Appears in 5 contracts

Samples: Restricted Stock Purchase Agreement (Lexar Media Inc), Restricted Stock Purchase Agreement (Lexar Media Inc), Restricted Stock Purchase Agreement (Lexar Media Inc)

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