Common use of Release of Pledged Stock Clause in Contracts

Release of Pledged Stock. The Collateral Agent agrees that it will ------------------------ not release or otherwise dispose of any of the Pledged Stock except (a) to the Trustee in accordance with the terms hereof, unless instructed by the Trustee to the contrary, or (b) in the exercise of its remedies under the terms hereof or (c) to the respective Pledgor upon satisfaction of all Secured Obligations.

Appears in 2 contracts

Samples: Pledge and Intercreditor Agreement (Pierce Leahy Corp), Credit Agreement (Pierce Leahy Corp)

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Release of Pledged Stock. The Collateral Agent agrees that it will ------------------------ not release or otherwise dispose of any of the Pledged Stock or other Collateral except (a) to the 1996 Trustee or the 1997 Trustee in accordance with the terms hereof, unless instructed by the applicable Trustee to the contrary, or (b) in the exercise of its remedies under the terms hereof or (c) to the respective Pledgor upon satisfaction of all Secured Obligations.

Appears in 2 contracts

Samples: Pledge and Intercreditor Agreement (Pierce Leahy Corp), Credit Agreement (Pierce Leahy Corp)

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