Release of the Pledge and Security Interest Created Hereby. Upon payment in full of the outstanding principal amount of and accrued interest on the Note in accordance with its terms and payment or satisfaction of all other Secured Obligations, the Pledgee will, upon the written request of all Pledgors, return to the Pledgors all Collateral held by the Pledgee.
Appears in 7 contracts
Samples: Stock Pledge Agreement (Gold & Appel Transfer Sa), Stock Pledge Agreement (Total Tel Usa Communications Inc), Stock Pledge Agreement (Burns Donald A)
Release of the Pledge and Security Interest Created Hereby. Upon payment in full of the outstanding principal amount of and accrued interest on the Note in accordance with its terms and payment or satisfaction of all other Secured Obligations, the Pledgee will, upon the written request of all Pledgors, return to the Pledgors all Collateral held by the Pledgee. Upon such payment or satisfaction, Pledgee will execute and deliver to the Pledgors such documents as the Pledgors may reasonably request to evidence the payment or satisfaction of the Secured Obligations or the release of the Collateral, as the case may be.
Appears in 5 contracts
Samples: Pledge Agreement (Covista Communications Inc), Pledge Agreement (Burns Donald A), Pledge Agreement (Burns Donald A)