Common use of Termination of Collateral Agreement Clause in Contracts

Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under the Purchase Agreement, and the Pledgor shall have no further liability hereunder upon such termination. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, all at the expense of the Pledgor.

Appears in 8 contracts

Samples: Collateral Agreement (Automatic Common Exchange Security Trust Ii), Collateral Agreement (Second Automatic Common Exchange Security Trust), Collateral Agreement (Mandatory Common Exchange Trust)

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Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under the Purchase AgreementForward Contract, and the Pledgor shall have no further liability hereunder upon such termination. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, all at the expense of the Pledgor.

Appears in 4 contracts

Samples: Collateral Agreement (Equity Securities Trust I), Collateral Agreement (At&t Corp), Collateral Agreement (Equity Securities Trust Ii)

Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under all Outstanding Notes, and under the Purchase Agreement, Indenture and this Agreement and the Pledgor shall have no further liability or obligation hereunder upon such termination. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, accompanied by such documents of termination and release as Pledgor may reasonably request, all at the expense of the Pledgor.

Appears in 2 contracts

Samples: Collateral Agreement (Retail Ventures Inc), Collateral Agreement (Retail Ventures Inc)

Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under all Outstanding Purchase Contracts, and under the Purchase Agreement, Contract Agreement and this Collateral Agreement and the Pledgor shall have no further liability or obligation hereunder upon such termination. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, accompanied by such documents of termination and release as Pledgor may reasonably request, all at the expense of the Pledgor.

Appears in 2 contracts

Samples: Collateral Agreement, Collateral Agreement (Phoenix Companies Inc/De)

Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under the Forward Purchase Agreement, and the Pledgor shall have no further liability hereunder upon such termination. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, all at the expense of the Pledgor.

Appears in 2 contracts

Samples: Collateral Agreement (Decs Trust Ix), Collateral Agreement (Decs Trust Ii)

Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor and GRIT in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor and GRIT under the Purchase Agreement, and the Pledgor and GRIT shall have no further liability hereunder upon such termination. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, all at the expense of the Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Amway Japan LTD)

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Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under the Purchase Agreement, and the Pledgor shall have no further liability hereunder upon such termination. Any Collateral remaining at the time of such termination (including any Class A Common Stock held following Seller's election of the Cash Settlement Alternative and payment in respect thereof pursuant to the Contract) shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, all at the expense of the Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust)

Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under the Purchase Agreement, Agreement and the Collateral Agent under this Agreement. The Pledgor shall have no further liability hereunder upon such termination. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, all at the expense of the Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Peak Trends Trust)

Termination of Collateral Agreement. This Collateral Agreement and the rights hereby granted by the Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of the Pledgor under the Purchase Agreement, and the Pledgor shall have no further liability hereunder upon such termination. Any Collateral remaining at the time of such termination (including any Common Stock held following Seller's election of the Cash Settlement Alternative and payment in respect thereof pursuant to the Contrct) shall be fully released and discharged from the Lien hereof and delivered to the Pledgor by the Collateral Agent, all at the expense of the Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (CVS Automatic Common Exchange Security Trust)

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