Termination and Release of Pledge Sample Clauses

Termination and Release of Pledge. After the Pledgors and Party C thoroughly and completely fulfill all their Contractual Obligations and repay all the Secured Debt, the Pledgee shall, at the request of the Pledgors, terminate the equity pledge under this Agreement on the earliest reasonable and feasible date, and assist the Pledgors in removing the registration of the equity pledge entered into the register of members of Party C, and completing the pledge cancellation registration procedure with the Registration Authority.
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Termination and Release of Pledge. 5.1 It is agreed that the Pledge constituted hereby is a continuing security for the due and punctual performance of all the Secured Obligations, and subject to the terms of this Agreement, the Pledge may only be terminated by the Pledgee and Pledgors in writing and shall, in particular, not terminate by reason solely of the fact that there may, at any time, be no amounts owing by the Pledgors to the Pledgee. 5.2 On final and full performance and discharge of the Secured Obligations to the satisfaction of the Pledgee, the Pledgee shall, at the Pledgors’ cost: (a) agree to terminate this Agreement and shall release all documents held by it hereunder to the Pledgors and the annotation of the share certificates shall be cancelled and this for no consideration other than the refund of expenses incurred and fees due for carrying out its obligations hereunder and in accordance with this Agreement; and (b) on a specific request in writing made by the Pledgors, file the necessary notification (Form T3) at the Registry of Companies in accordance with the Companies Act.
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Termination and Release of Pledge. 4.1 The Parties agree that the Pledge constituted is a continuing security for the due and punctual payment of the Secured Obligations, and subject to the terms of this Agreement. 4.2 The Vendors shall release the Pledged Shares from the Pledge as follows: 4.2.1 On the 30th day of the month of December 2014 and upon payment by the Purchasers in terms of the SSPA, of ten percent (10%) of the Sale Amount in cash and thirty percent (30%) of the Sale Amount in stock, in terms of the SSPA, the Vendors shall release the Pledged Shares from the Pledge. 4.3 Upon the lapse of ten (10) calendar days from the payment in terms of sub-clause 4.2 hereof, the Vendors shall: 4.3.1 Release all documents held by them vis-à-vis the Pledged Shares so released to the Purchasers and the annotation of the share certificates pertaining to the Pledged Shares so released shall be cancelled, and this for no consideration other than the refund of expenses incurred and fees due and payable by the Purchasers to the Vendors in advance for carrying out of the obligations by the Vendors set out and in terms of this Agreement; and 4.3.2 On a specific request in writing made by the Purchasers, or either of them, file the necessary documentation, with respect to the percentage of the Pledged Shares so released in terms of sub-clause 4.2, at the Register of Shareholders of the Company and of the Company’s book of shares.
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Termination and Release of Pledge. Upon the expiration or earlier termination of the existence of the Company and the indefeasible repayment in full of any outstanding Obligations, the pledge of the Collateral contained in this Article II shall automatically terminate and Pledgee, at the request and expense of Pledgor, will execute and deliver to Pledgor a proper instrument or instruments acknowledging the satisfaction and termination of such pledge, and will duly assign, transfer and deliver to Pledgor (without recourse and without any representation or warranty except that it has not previously encumbered or sold such Collateral in violation of this Agreement) such of the Collateral as may be in the possession of Pledgee and as has not theretofore been sold or otherwise applied or released pursuant to this Agreement, together with any moneys at the time held by Pledgee hereunder. In the event that all or any part of the Collateral is sold in connection with a sale permitted by terms of this Agreement or is otherwise released at the direction of Pledgee, and the proceeds of such sale or sales or from such release are to be applied in accordance with the terms of this Agreement to the extent required to be so applied, Pledgee, at the request and expense of Pledgor, will release such Collateral from this Agreement, and will duly assign, transfer and deliver to Pledgor (without recourse and without any representation or warranty except that it has not previously encumbered or sold such Collateral in violation of this Agreement) such of the Collateral as is then being (or has been) so sold or released and as may be in possession of Pledgee and has not theretofore been released pursuant to this Agreement.
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Termination and Release of Pledge. 12.1 The right of pledge vested pursuant to this Agreement in respect of the Foundation Collection Account Rights will be released if, in the reasonable opinion of the Beneficiaries jointly, they no longer have and will not in the future have any further claims (whether actual or contingent) against the Collection Foundation arising out of or in connection with the Beneficiary Collection Payment Obligations. 12.2 The right of pledge vested pursuant to this Agreement in respect of the Foundation Funding Account Rights will be released if, in the reasonable opinion of the Investors jointly, they no longer have and will not in the future have any further claims (whether actual or contingent) against the Collection Foundation arising out of or in connection with the Beneficiary Funding Payment Obligations. 12.3 The release of the right(s) of pledge on the Foundation Accounts Rights as referred to above may be effected by, or on behalf of, the relevant Beneficiaries jointly to the extent not effected by operation of law, by means of cancellation (opzegging) within the meaning of Article 3:81(2)(d) NCC or waiver (afstand), in whole or in part, as the relevant Beneficiaries jointly may determine. Notice of cancellation of the right of pledge must be given in writing to the Collection Foundation and the Account Bank.
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Termination and Release of Pledge. 4.1 Subject to other provisions in this Pledge Agreement, upon performance, satisfaction and discharge in full of the Secured Indebtedness the Pledgee shall, at the request and cost of the Pledgor, (i) forthwith terminate this Pledge Agreement in such form as may be agreed to by the Parties; (ii) discharge the security created by this Agreement; and (iii) release all documents, if any, held by it hereunder to the Pledgor.
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Termination and Release of Pledge. 5.1 It is agreed that the Pledge constituted hereby is a continuing security for the due and punctual performance of all the Secured Obligations, and subject to the terms of this Agreement, the Pledge may only be terminated by all Parties in writing. 5.2 On final and full performance and discharge of the Secured Obligations to the satisfaction of the Pledgee, the Pledgee shall promptly, at the Pledgor’s cost: (a) agree to terminate this Agreement and shall release all documents held by it hereunder to the Pledgor and the annotation of the share certificates shall be cancelled; and (b) on a specific request in writing made by the Pledgor, file the necessary notification (Form T3) at the Registry of Companies in accordance with the Companies Act.
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Termination and Release of Pledge. 4.1 Upon the final and full satisfaction of the Note Obligations in accordance with the provisions of the Finance Documents, or the Conversion of the Convertible Notes pursuant to Section 3 of the Convertible Note Agreement, the Pledgee shall at the request and cost of the Pledgor release all the Pledged Shares from the Pledge created by this Agreement. 4.2 Notwithstanding the provisions of Clause 4.1 above, in the event that: 4.2.1 any payment or settlement of the Note Obligations or Conversion of the Convertible Notes, pursuant to which this Agreement is terminated, is challenged and avoided in a court of law or tribunal at any time whether as a preference or otherwise; and/or 4.2.2 any payment, settlement or Conversion is reversed, revoked or declared null at any time by a court of law or tribunal, the Pledgor shall, upon request and at no cost to the Pledgee, execute and deliver to the Pledgee all documents that may be necessary to re-instate the Pledge to the same extent and under the same terms and conditions set out in this Agreement. 4.3 On final and full performance and discharge of the Note Obligations, the Conversion of the Convertible Notes or otherwise as provided for in the Finance Documents, the Pledgee shall, at the Pledgor’s cost and expense: 4.3.1 agree to terminate this Agreement and shall, within two (2) Business Days from the date of the request made by the Pledgor, release all documents held by it hereunder to the Pledgor and the annotation of the share certificates and register of members shall be cancelled and this for no consideration other than the refund of expenses incurred and fees due for carrying out its obligations hereunder and in accordance with this Agreement; and 4.3.2 on a specific request in writing made by the Pledgor, file within two (2) Business Days from the date of the request made by the Pledgor, the necessary notification (Form T3) at the Malta Business Registry in accordance with the Companies Act and give written notice of the termination of the Pledge to the Company in accordance with the Companies Act.
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Termination and Release of Pledge 
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Related to Termination and Release of Pledge

  • Release of Claims Executive agrees that the foregoing consideration represents settlement in full of all outstanding obligations owed to Executive by the Company. Executive, on behalf of Executive, and Executive’s respective heirs, family members, executors and assigns, hereby fully and forever releases the Company and its past, present and future officers, agents, directors, employees, investors, shareholders, administrators, affiliates, divisions, subsidiaries, parents, predecessor and successor corporations, and assigns, from, and agrees not to xxx or otherwise institute or cause to be instituted any legal or administrative proceedings concerning any claim, duty, obligation or cause of action relating to any matters of any kind, whether presently known or unknown, suspected or unsuspected, that Executive may possess arising from any omissions, acts or facts that have occurred up until and including the Effective Date of this Agreement including, without limitation, (a) any and all claims relating to or arising from Executive’s employment relationship with the Company and the termination of that relationship; (b) any and all claims relating to, or arising from, Executive’s right to purchase, or actual purchase of shares of stock of the Company, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law; (c) any and all claims for wrongful discharge of employment; termination in violation of public policy; discrimination; breach of contract, both express and implied; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; and conversion; (d) any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974, The Worker Adjustment and Retraining Notification Act, the California Fair Employment and Housing Act, and Labor Code section 201, et seq. and section 970, et seq. and all amendments to each such Act as well as the regulations issued under each such Act; (e) any and all claims for violation of the federal, or any state, constitution; (f) any and all claims arising out of any other laws and regulations relating to employment or employment discrimination; and (g) any and all claims for attorneys’ fees and costs. Executive agrees that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released. This release does not extend to any severance obligations due Executive under the Management Retention Agreement. Nothing in this Agreement waives Executive’s rights to indemnification or any payments under any fiduciary insurance policy, if any, provided by any act or agreement of the Company, state or federal law or policy of insurance.

  • Release of Claims Agreement The receipt of any severance payments or benefits pursuant to this Agreement is subject to Executive signing and not revoking a separation agreement and release of claims in a form acceptable to the Company (the “Release”), which must become effective no later than the sixtieth (60th) day following Executive’s termination of employment (the “Release Deadline”), and if not, Executive will forfeit any right to severance payments or benefits under this Agreement. To become effective, the Release must be executed by Executive and any revocation periods (as required by statute, regulation, or otherwise) must have expired without Executive having revoked the Release. In addition, in no event will severance payments or benefits will be paid or provided until the Release actually becomes effective. In the event the termination occurs at a time during the calendar year where the Release Deadline could occur in the calendar year following the calendar year in which Executive’s termination occurs, then any severance payments or benefits under the this Agreement that would be considered Deferred Compensation Separation Benefits (as defined in Section 4(c)) will be paid on the first payroll date to occur during the calendar year following the calendar year in which such termination occurs, or such later time as required by (i) the payment schedule applicable to each payment or benefit as set forth in Section 3, (ii) the date the Release becomes effective, or (iii) Section 4(c).

  • Release of Funds On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest on the Notes will become due and payable and that interest on the Notes will cease to accrue from and after the Redemption Date, unless the Issuer fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to funds then in the Bank Accounts under this Indenture according to Section 8.4(c).

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