Common use of RETURN OF PLEDGED COLLATERAL UPON TERMINATION Clause in Contracts

RETURN OF PLEDGED COLLATERAL UPON TERMINATION. Upon the termination of the Loan Agreement and the indefeasible payment in full in cash of the Obligations and all other amounts payable under this Agreement, the Agent shall cause to be transferred or returned to the Pledgor all of the stock pledged by the Pledgor herein and any money, property and rights received by the Agent pursuant hereto, to the extent the Agent has not taken, sold or otherwise realized upon the same as permitted hereunder, together with all other documents reasonably required by the Pledgor to evidence termination of the pledge contemplated hereby.

Appears in 4 contracts

Samples: Stock Pledge Agreement (Acura Pharmaceuticals, Inc), Stock Pledge Agreement (Acura Pharmaceuticals, Inc), Stock Pledge Agreement (Acura Pharmaceuticals, Inc)

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