Common use of Return of Pledged Collateral Clause in Contracts

Return of Pledged Collateral. The security interest granted to the Company hereunder shall not terminate and the Company 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 (e) Pledgor has reimbursed the Company 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.

Return of Pledged Collateral. The security interest granted to the Company hereunder shall not terminate and the Company 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 performed, and (ec) Pledgor has reimbursed the Company 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.