Common use of Release of Shares Clause in Contracts

Release of Shares. When satisfactory proof has been presented to Pledge Holder that all amounts due under the Redemption Note (including accrued interest thereon) have been paid, Pledge Holder shall deliver the Shares with stock power attached to Guarantor and all obligations by and among Guarantor, Lender and Pledge Holder under this Agreement shall thereupon cease.

Appears in 4 contracts

Samples: Share Exchange Agreement (Raadr, Inc.), Share Exchange Agreement (Raadr, Inc.), Pledge Agreement (Raadr, Inc.)

AutoNDA by SimpleDocs

Release of Shares. When satisfactory proof has been presented to the Pledge Holder that all amounts due under the Redemption Note (including accrued interest thereon) have been paid, the Pledge Holder shall deliver the Shares with stock power attached to Guarantor Borrower and all obligations by and among GuarantorBorrower, Lender and the Pledge Holder under this Agreement shall thereupon cease.

Appears in 1 contract

Samples: Pledge Agreement (Schermer Robert E Jr)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!