Release of Pledged Securities. Upon the timely payment in full of all of the Obligations in accordance with the terms thereof, Secured Party shall notify the Escrow Agent in writing to such effect. Upon receipt of such written notice, the Escrow Agent shall return all of the Pledged Materials in Escrow Agent’s possession to the Pledgor, whereupon any and all rights of Secured Party in and to the Pledged Materials and all other Collateral shall be terminated.
Release of Pledged Securities. Pledged Securities that are required to be released from the pledge and security interest created by this Agreement pursuant to the Credit Agreement shall be so released by the Administrative Agent promptly following the Administrative Agent’s receipt of written request therefor by the Company specifying the basis for which release is requested and such further certificates or other documents as the Administrative Agent reasonably shall request in its discretion to confirm that such release is permitted by the Credit Agreement and to confirm Secured Parties’ replacement lien, if any, on appropriate collateral. Any request for any permitted release shall be transmitted to the Administrative Agent.
Release of Pledged Securities. (a) Upon notice to the Collateral Agent by the Company or the Purchase Contract Agent that there has occurred a Termination Event, the Collateral Agent shall release all Pledged Securities from the Pledge and shall transfer all such Underlying Securities, free and clear of any lien, pledge or security interest created hereby, to the Purchase Contract Agent.
Release of Pledged Securities. Pledged Securities that are required to be released from the pledge and security interest created by this Agreement pursuant to the Letter Agreement shall be so released by the Secured Party promptly following the Secured Party’s receipt of written request therefor by the Pledgor specifying the basis for which release is requested and such further certificates or other documents as the Secured Party reasonably shall request in its discretion to confirm that such release is permitted by the Letter Agreement and to confirm Secured Party’s replacement lien, if any, on appropriate collateral.
Release of Pledged Securities. The Pledgee shall release the Pledged Securities to the Pledgor when the Note shall have been paid in full; provided, however, that if at such time there shall be due from Pledgor under this Pledge additional charges which theretofore arose as a result of the default under any of the aforesaid instruments then Pledgee shall not release the Pledged Securities to the Pledgor until such additional charges shall have been paid in full; and the Pledgee shall deliver to the Pledgor all of the securities pledged under this Pledge, together with all dividends and interest upon the Pledged Securities then held by them, and together with all property, shares of stock, or other securities into which the Pledged Securities may have been changed or converted and Pledgee shall execute and deliver, or cause to be executed and delivered, to the Pledgor such instruments as may be necessary to cancel this Pledge, and revest the Pledged Securities in the Pledgor free and clear of the lien hereof.
Release of Pledged Securities. The Collateral Agent shall release the Pledged Securities only in accordance with (i) the terms of the Pledge Agreement and the Letter Amendments, (ii) joint written instructions from the other parties to this Agreement, or (iii) an order of a court of competent jurisdiction.
Release of Pledged Securities. Upon payment of any portion of the principal amount of the Note, plus all accrued interest thereon, the Payee may release to the Maker a proportionate number of the Pledged Securities, provided that no Event of Default shall exist at that time. Upon payment of the full amount due under the Note, the Payee shall release the remainder of the Pledged Securities to the Maker. The Payee shall release to the Maker all of the Pledged Securities upon the Maker's involuntary termination from the Payee without "Cause" (as defined in the SunSource Inc. 1998 Equity Compensation Plan).
Release of Pledged Securities. Effective on the Amendment Effective Date, the Lenders hereby terminate the Pledge Agreement and release the Security Interest in the Pledged Securities.
Release of Pledged Securities. Effective on and as of the Closing Date, Agent and the Lenders hereby release their Lien on all Pledged Securities, as defined in the Pledge Agreements (as defined in the Intercreditor Agreement); provided, however, that the foregoing release of collateral shall in no way hinder or affect the ability of Agent or any Lender from obtaining a Lien on any of the assets of any Company on or after the date hereof. Agent shall, at Borrower’s expense, prepare and file all necessary termination statements terminating any Liens filed by Agent in connection with the Original Credit Agreement on behalf of the Original Lenders with respect to the Pledged Securities and Agent shall return to Borrower on the Closing Date all share certificates identified on Schedule 6.04 hereto and transfer documents relating to such Pledged Securities.
Release of Pledged Securities a. Upon payment in full of the indebtedness evidenced by the Replacement Note, Pledgee shall surrender the Pledged Securities to Pledgor together with all forms of assignment.
