Return of the Pledged Stock. To the extent that the Pledgee shall not previously have taken, acquired, sold, transferred, disposed of or otherwise realized value on the Pledged Collateral in accordance with this Agreement, at the Satisfaction Date, any security interest in the Pledged Collateral shall automatically terminate, cease to exist and be released, and the Pledgee shall forthwith return the Pledged Collateral to and in the name of the Pledgor.
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Samples: Stock Pledge Agreement (Xstream Beverage Network, Inc.), Stock Pledge Agreement (Commercial Consolidators Corp), Stock Pledge Agreement (Interiors Inc)
Return of the Pledged Stock. To the extent that the Pledgee shall not previously have taken, acquired, sold, transferred, disposed of or otherwise realized value on the Pledged Collateral Stock in accordance with this Agreement, at the Satisfaction Date, any security interest in the Pledged Collateral Stock shall automatically terminate, cease to exist and be released, and the Pledgee shall forthwith return the Pledged Collateral Stock to and in the name of the Pledgor, and file, at Pledgor’s reasonable expenses, releases of Pledgee’s security interest in the Pledged Stock.
Appears in 3 contracts
Samples: Stock Pledge Agreement (China Yongxin Pharmaceuticals Inc.), Stock Pledge Agreement (China Yongxin Pharmaceuticals Inc.), Stock Pledge Agreement (China Yongxin Pharmaceuticals Inc.)
Return of the Pledged Stock. To the extent that the Pledgee Pledgees shall not previously have taken, acquired, sold, transferred, disposed of or otherwise realized value on the Pledged Collateral Stock in accordance with this Agreement, at the Satisfaction Date, any security interest in the Pledged Collateral Stock shall automatically terminate, cease to exist and be released, and the Pledgee Pledgees shall forthwith return the Pledged Collateral Stock to and in the name of the Pledgor, and file, at the Pledgor’s expenses, releases of Pledgees’ security interest in the Pledged Stock.
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Return of the Pledged Stock. To the extent that the Pledgee shall not previously have taken, acquired, sold, transferred, disposed of or otherwise realized value on the Pledged Collateral Stock in accordance with this Agreement, at the Satisfaction Date, any security interest in the Pledged Collateral Stock shall automatically terminate, cease to exist and be released, and the Pledgee shall forthwith return the Pledged Collateral Stock to and in the name of the Pledgor, and file, at Pledgor’s expenses, releases of Pledgee’s security interest in the Pledged Stock.
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