Common use of Release; Termination Clause in Contracts

Release; Termination. (a) So long as no Event of Default shall have occurred and the requirements of payment set forth in the Note are satisfied, the Pledgor may sell or dispose of any Pledged Collateral, if such sale or disposition is not prohibited by any terms or conditions of this Pledge Agreement or the Note. The Secured Party shall upon request of the Pledgor execute and deliver to the Pledgor a release or releases in form reasonably satisfactory to the Secured Party to release the lien of this Pledge Agreement with respect to such Pledged Collateral and assign, transfer and deliver such Pledged Collateral to the Pledgor. Such releases and assignments shall be without warranty by or recourse to the Secured Party, except as to the absence of any prior assignments by the Secured Party of its interest in the Pledged Collateral, and shall be at the expense of the Pledgor. (b) This Pledge Agreement shall terminate upon full and complete payment in full of all Obligations under the Note. The Secured Party, at the time of such termination and at the expense of the Pledgor and subject to the provisions of Section 19 below, will execute and deliver to the Pledgor a proper instrument or instruments acknowledging the termination of this Pledge Agreement, and will duly assign, transfer and deliver to the Pledgor such of the Pledged Collateral as has not yet theretofore been sold or otherwise applied or released pursuant to this Pledge Agreement, together with any moneys at the time held by the Secured Party hereunder. Such assignment and delivery shall be without warranty by or recourse to the Secured Party, except as to the absence of any prior assignments by the Secured Party of its interest in the Pledged Collateral.

Release; Termination. (a) So long as no Event of Default shall have occurred and the requirements of payment set forth in the Promissory Note are satisfied, the Pledgor may sell or dispose of any Pledged Collateral, if such sale or disposition is not prohibited by any terms or conditions of this Pledge Agreement, the Promissory Note or any other agreement including, without limitation that certain Restricted Stock Purchase Agreement or between the NotePledgor and the Secured Party relating to the Pledged Collateral (the "Restricted Stock Purchase Agreement"). The Secured Party shall upon request of the Pledgor execute and deliver to the Pledgor a release or releases in form reasonably satisfactory to the Secured Party to release the lien of this Pledge Agreement with respect to such Pledged Collateral and assign, transfer and deliver such Pledged Collateral to the Pledgor. Such releases and assignments shall be without warranty by or recourse to the Secured Party, except as to the absence of any prior assignments by the Secured Party of its interest in the Pledged Collateral, and shall be at the expense of the Pledgor. (b) This Pledge Agreement shall terminate upon full and complete payment in full of all Obligations under on the NotePromissory Note and the other Loan Documents. The Secured Party, at the time of such termination and at the expense of the Pledgor and subject to the provisions of Section 19 belowits expense, will execute and deliver to the Pledgor a proper instrument or instruments acknowledging the termination of this Pledge Agreement, and will duly assign, transfer and deliver to the Pledgor such of the Pledged Collateral as has not yet theretofore been sold or otherwise applied or released pursuant to this Pledge Agreement, together with any moneys at the time held by the Secured Party hereunder, subject to any other agreement including, without limitation, the Restricted Stock Purchase Agreement. Such assignment and delivery shall be without warranty by or recourse to the Secured Party, except as to the absence of any prior assignments by the Secured Party of its interest in the Pledged Collateral.

Release; Termination. (a) So long as no Event of Default shall have occurred and the requirements of payment set forth in the Promissory Note are satisfied, the Pledgor may sell or dispose of any Pledged Collateral, if such sale or disposition is not prohibited by any terms or conditions of this Pledge Agreement Agreement, the Promissory Note or the Noteany other agreement related hereto. The Secured Party shall upon request of the Pledgor execute and deliver to the Pledgor a release or releases in form reasonably satisfactory to the Secured Party to release the lien of this Pledge Agreement with respect to such Pledged Collateral and assign, transfer and deliver such Pledged Collateral to the Pledgor. Such releases and assignments shall be without warranty by or recourse to the Secured Party, except as to the absence of any prior assignments by the Secured Party of its interest in the Pledged Collateral, and shall be at the expense of the Pledgor. (b) . This Pledge Agreement shall terminate upon full and complete payment in full of all Obligations under the Promissory Note, this Pledge Agreement or any other agreement related hereto. The Secured Party, at the time of such termination and at the expense of the Pledgor and subject to the provisions of Section 19 belowPledgor, will execute and deliver to the Pledgor a proper instrument or instruments acknowledging the termination of this Pledge Agreement, and will duly assign, transfer and deliver to the Pledgor such of the Pledged Collateral as has not yet theretofore been sold or otherwise applied or released pursuant to this Pledge Agreement, together with any moneys at the time held by the Secured Party hereunder. Such assignment and delivery shall be without warranty by or recourse to the Secured Party, except as to the absence of any prior assignments by the Secured Party of its interest in the Pledged Collateral.

Release; Termination. (a) So long as no Event of Default shall have occurred and the requirements of payment set forth in the Note are satisfied, the Pledgor Borrower may sell or dispose of any Pledged Collateral, if such sale or disposition is not prohibited by any terms or conditions of this Pledge Agreement or the Noteany other Loan Agreement. The Secured Party Lender shall upon request of the Pledgor Borrower execute and deliver to the Pledgor Borrower a release or releases in form reasonably satisfactory to the Secured Party Lender to release the lien of this Pledge Agreement with respect to such Pledged Collateral and assign, transfer and deliver such Pledged Collateral to the PledgorBorrower. Such releases and assignments shall be without warranty by or recourse to the Secured PartyLender, except as to the absence of any prior assignments by the Secured Party Lender of its interest in the Pledged Collateral, and shall be at the expense of the PledgorBorrower. (b) This Pledge Agreement shall terminate upon full and complete payment in full of all Obligations and the termination of the Obligations of the Lender under the NoteLoan Agreement. The Secured PartyLender, at the time of such termination and at the expense of the Pledgor Borrower and subject to the provisions of Section 19 17 below, will execute and deliver to the Pledgor Borrower a proper instrument or instruments acknowledging the termination of this Pledge Agreement, and will duly assign, transfer and deliver to the Pledgor Borrower such of the Pledged Collateral as has not yet theretofore been sold or otherwise applied or released pursuant to this Pledge Agreement, together with any moneys at the time held by the Secured Party Lender hereunder. Such assignment and delivery shall be without warranty by or recourse to the Secured PartyLender, except as to the absence of any prior assignments by the Secured Party Lender of its interest in the Pledged Collateral.