Common use of Return of Stock to Pledgor Clause in Contracts

Return of Stock to Pledgor. Upon payment in full of all principal and interest on the Note and full performance by the Pledgor of all covenants, undertakings and obligations under the Note, the Pledgee shall immediately return to the Pledgor all of the then remaining Stock and all rights received by the Pledgee as agent for the Pledgor as a result of its possessory interest in the Stock.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Lahaina Acquisitions Inc), Stock Purchase Agreement (Lahaina Acquisitions Inc), Stock Pledge Agreement (Lahaina Acquisitions Inc)

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