Release of Pledged Shares. 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 Shares. The Administrative Agent agrees that, so long as Guarantor is in compliance with Section 6.2(a) and none of the events set forth in Section 6.2(b) has occurred, it shall not release any of the Pledged Shares of any Borrower from the Lien granted under the Pledge Agreement until after the termination of this Guaranty and the obligations of Guarantor hereunder with respect to such Borrower. Notwithstanding the foregoing, the Administrative Agent shall be entitled to (i) release the Pledged Shares of such Borrower if such Pledged Shares are replaced by additional common stock of Guarantor and (ii) sell the Pledged Shares pursuant to Section 6.1.
Release of Pledged Shares. The Holder shall deliver to the Debtor the share certificate for the Pledged Shares, released and discharged from the Security Interest in the following amounts upon satisfaction of the following amounts under the Note:
Release of Pledged Shares. Pledgee shall, within twenty (20) Business Days after it receives the 2011 Financial Statements (as defined in the SPA), release or procure to be released the following amount of Pledged Shares to Pledgors subject to the following terms:
Release of Pledged Shares. Pledgee shall not be required to release from the within pledge any portion of the Pledged Shares of Pledgor until all unpaid principal plus interest due under the Note which is guaranteed by Pledgor are fully paid. Upon receipt of full payment of principal and interest due under the Note, all the shares of stock pledged under this Agreement held by Pledgee will cease to be Pledged Shares for the purposes of this Agreement and shall be immediately returned to Pledgor.
Release of Pledged Shares. The Administrative Agent agrees that, so long as none of the events set forth in Section 6.2(a) has occurred, it shall not release any of the Pledged Shares of any Borrower from the Lien granted under the Pledge Agreement until the payment in full of all obligations of such Borrower. Notwithstanding the foregoing, the Administrative Agent shall be entitled to (i) release the Pledged Shares of such Borrower if such Pledged Shares are replaced by additional common stock of Guarantor and (ii) sell the Pledged Shares pursuant to Section 6.1 hereof or the Pledge Agreement.
Release of Pledged Shares. Provided that the Put Right secured hereunder shall at the time have been exercised in full the pledged shares of Common Stock, together with any additional shares or securities which may hereafter be pledged hereunder and which shall constitute the Pledged Shares, shall be released from pledge and returned to the Pledgor in accordance with the following provisions:
Release of Pledged Shares. From time to time, Pledged Shares may be released from this Agreement as contemplated in the Escrow Agreement without altering, varying or diminishing in any way the force, effect, lien, pledge, security interest or charge of this Agreement as to the Pledged Shares not expressly released or the validity and effect of any
Release of Pledged Shares. Pledged Shares which become Vested Shares (as defined in the Management Stock Agreement) will no longer constitute "Pledged Shares" for purposes of this Agreement, and will no longer be subject to the restrictions hereunder.
Release of Pledged Shares. Unless there is a pending Claim at such time, SDC shall release the security interest with respect to shares of Company Common Stock and shall deliver stock certificates representing such shares as promptly as reasonably practicable to Parent and shall execute any and all documents necessary to release the security interest upon the earlier of: (a) such Company Common Stock no longer being Restricted Company Common Stock and (b) eighteen months from the date of this Agreement. Any shares of Company Common Stock that were due to be released but were not released because of the existence of a pending Claim shall be promptly released following resolution of all pending Claims pursuant to Section 7 of this Agreement. Shares transferred to SDC in payment of an Established Claim shall be counted as shares that have been released when determining the number of shares to release according to the percentages set forth above.
