Common use of Release from Pledge Clause in Contracts

Release from Pledge. Upon the termination of this Pledge Agreement, Secured Party shall immediately release its security interest in the Stock. In addition, Secured Party shall deliver the certificate or certificates representing the Stock to Pledgor if Secured Party has possession of such certificates at that time. Upon such occurrence, the security interest of Secured Party shall automatically terminate and Secured Party shall thereafter have no interest whatsoever in the Stock.

Release from Pledge. Upon the termination of this Pledge Agreement, Secured Party shall immediately release its security interest in the StockShares. In addition, Secured Party shall deliver the certificate or certificates representing the Stock Shares to Pledgor if Secured Party has possession of such certificates at that time. Upon such occurrence, the security interest of Secured Party shall automatically terminate and Secured Party shall thereafter have no interest whatsoever in the StockShares.

Release from Pledge. Upon the termination of this Pledge Agreement, the security interest of Secured Party shall immediately release its security automatically terminate and Secured Party shall thereafter have no interest whatsoever in the Stock. In additionPromptly thereafter, Secured Party shall deliver the certificate or certificates representing the Stock to Pledgor if Secured Party has possession of such certificates at that time. Upon such occurrence, the security interest of Secured Party shall automatically terminate and Secured Party shall thereafter have no interest whatsoever in the Stock.

Release from Pledge. Upon the termination of this Pledge Agreement, Secured Party Parties shall immediately release its their security interest in the Parent Stock. In addition, Secured Party Parties shall deliver the certificate or certificates representing the Parent Stock to Pledgor if Secured Party Parties has possession of such certificates at that time. Upon such occurrence, the security interest of Secured Party Parties shall automatically terminate and Secured Party Parties shall thereafter have no interest whatsoever in the Parent Stock.

Release from Pledge. Upon the termination of this Pledge Agreement, Secured Party shall immediately release its security interest in the Parent Stock. In addition, Secured Party shall deliver the certificate or certificates representing the Parent Stock to Pledgor if Secured Party has possession of such certificates at that time. Upon such occurrence, the security interest of Secured Party shall automatically terminate and Secured Party shall thereafter have no interest whatsoever in the Parent Stock.