Common use of Release and Termination Clause in Contracts

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effect. Upon any such termination, the Pledgee will, at the Pledgor's expense, execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 2 contracts

Samples: Pledge Agreement (Aspen Insurance Holdings LTD), Pledge Agreement (Aspen Insurance Holdings LTD)

AutoNDA by SimpleDocs

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in the Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee will, at the Pledgor's expense, ’s expense execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge Agreement (Allied World Assurance Co Holdings LTD)

Release and Termination. (a) Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in each Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee will, at the Pledgor's expense, ’s expense execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge Agreement (Pxre Group LTD)

Release and Termination. Upon the later of (i) the payment date on which the Secured Obligations are paid in full in cash of or, subject to the Secured Obligations Pledgee’s agreement, otherwise provided for or (ii) any termination as provided in each Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee will, at the Pledgor's expense, ’s expense execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge Agreement (Renaissancere Holdings LTD)

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the be Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee will, at the Pledgor's expense, ’s expense execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge Agreement (Aspen Insurance Holdings LTD)

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in Master AgreementObligations, the pledge, assignment and security interest granted hereby shall terminate by this Agreement will terminate, the Pledgees will promptly return the Collateral to Pledgor and all rights to the Collateral shall will revert to the Pledgor with immediate effect. Upon any such terminationPledgor, the Pledgee will, at the Pledgor's expense, and Pledgees shall execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request requests to evidence such that termination.

Appears in 1 contract

Samples: Stock Pledge Agreement (Hague Corp.)

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effect. Upon any such termination, the Pledgee will, at the Pledgor's expense, execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination. SECTION 20.

Appears in 1 contract

Samples: Pledge Agreement

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in Master Agreement, the pledge, assignment and The security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effectupon the later of (a) the payment in full of the Obligations and all other amounts payable under the Loan Documents and (b) the Termination Date. Upon any such termination, the Pledgee will, at the Pledgor's its expense, execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Stock Award Agreement (Pathmark Stores Inc)

AutoNDA by SimpleDocs

Release and Termination. Upon the later of (i) the payment in full in cash of the Secured Obligations or (ii) any termination as provided in each Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee will, at the Pledgor's expense, ’s expense execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge Agreement (Flagstone Reinsurance Holdings LTD)

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the be Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee will, at the Pledgor's expense, expense execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge Agreement (Allied World Assurance Holdings LTD)

Release and Termination. Upon the later of the payment in full in cash of the Secured Obligations or any termination as provided in each Master Agreement, the pledge, assignment and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee will, at the Pledgor's expense, ’s expense execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge Agreement (Flagstone Reinsurance Holdings LTD)

Release and Termination. Upon the later of the indefeasible and irrevocable payment in full in cash of the all Secured Obligations or any termination as provided in Master AgreementObligations, the pledge, assignment pledge and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the Pledgor with immediate effectPledgor. Upon any such termination, the Pledgee Agent will, at the Pledgor's expense, execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Pledge and Security Agreement (Sneaker Guarantee LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!