Common use of Release of Lien; Delivery of Collateral Clause in Contracts

Release of Lien; Delivery of Collateral. Upon full and final satisfaction of the Obligations and in connection with the sale of any Collateral permitted pursuant to Section 3.01 hereof, Xxxxxx shall, at the Pledgor's expense, immediately deliver to the Pledgor the Collateral together with such documents or instruments as the Pledgor may reasonably request to evidence discharge and satisfaction of the purchase money security interest and lien created hereby.

Appears in 6 contracts

Samples: Pledge Agreement (Freitag John D), Pledge Agreement (Hansen Richard A), Pledge Agreement (Freitag John D)

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