Common use of Return of Pledged Collateral Clause in Contracts

Return of Pledged Collateral. The security interest granted to Creditor hereunder shall not terminate and Creditor shall not be required to return the Pledged Collateral to Pledgor unless and until (a) the Secured Obligations have been fully paid or performed, (b) all of Pledgor's obligations hereunder have been fully paid or performed, and (c) Pledgor has reimbursed Creditor for any expenses of returning the Pledged Collateral and filing such termination statements and other instruments as are required to be filed in public offices under applicable laws.

Appears in 2 contracts

Samples: Pledge Agreement (Ensign Group, Inc), Security Agreement (Omega Healthcare Investors Inc)

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Return of Pledged Collateral. The security interest granted to Creditor Pledgee hereunder shall not terminate and Creditor Pledgee shall not be required to return the Pledged Collateral to Pledgor unless and until (a) the Secured Obligations have been fully paid or performed, (b) all of Pledgor's obligations hereunder have been fully paid or performed, and (c) Pledgor has reimbursed Creditor Pledgee for any expenses of returning the Pledged Collateral and filing such termination statements and other instruments as are required to be filed in public offices under applicable laws.

Appears in 2 contracts

Samples: Pledge Agreement (Raintree Healthcare Corp), Pledge Agreement (Raintree Healthcare Corp)

Return of Pledged Collateral. The security interest granted to Creditor hereunder shall not terminate and Creditor shall not be required to return the Pledged Collateral to Pledgor unless and until (a) the Secured Obligations have been fully paid or performed, (b) all of Pledgor's obligations hereunder have been fully paid or performed, and (c) Pledgor has reimbursed Creditor for any expenses of returning the Pledged Collateral and filing such termination statements and other instruments as are required to be filed in public offices under applicable laws. 8.

Appears in 1 contract

Samples: Pledge Agreement (Alterra Healthcare Corp)

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Return of Pledged Collateral. The security interest granted to Creditor Secured Parties hereunder shall not terminate and Creditor Secured Parties shall not be required to return the Pledged Collateral to Pledgor unless and until (a) the Secured Obligations have been fully paid or performed, (b) all of Pledgor's obligations hereunder have been fully paid or performed, and (c) the Pledgor has reimbursed Creditor Secured Parties for any expenses of returning the Pledged Collateral and filing such termination statements and other instruments as are required to be filed in public offices under applicable laws.

Appears in 1 contract

Samples: Security Agreement (Crown Resources Corp)

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