Common use of Termination of Pledge Agreement Clause in Contracts

Termination of Pledge Agreement. This Pledge Agreement shall terminate upon the date when the obligations have been paid in full and the Commitments terminated. Upon the termination of this Pledge Agreement, the Administrative Agent will, at the expense of the Pledgor, deliver any certificates evidencing the Pledged Stock and any other Collateral held by it to the Pledgor and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence the termination of the Lien created hereby on the Collateral.

Appears in 2 contracts

Samples: Credit Agreement (RCN Corp /De/), Pledge Agreement (Cable Michigan Inc)

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Termination of Pledge Agreement. This Pledge Agreement shall terminate upon the date when the obligations Obligations have been paid in full and the Commitments terminated. Upon the termination of this Pledge Agreement, the Administrative Agent will, at the expense of the Pledgor, deliver any certificates evidencing the Pledged Stock Interests and any other Collateral held by it to the Pledgor and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence the termination of the Lien created hereby on the Collateral.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

Termination of Pledge Agreement. This Pledge Agreement shall terminate upon the date when the obligations Obligations have been paid in full and the Commitments have been terminated. Upon the termination of this Pledge Agreement, the Administrative Agent will, at the expense of the Pledgor, deliver any certificates evidencing the Pledged Stock and any other Collateral held by it to the Pledgor and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence the termination of the Lien created hereby on the Collateral.

Appears in 1 contract

Samples: Credit Agreement (RCN Corp /De/)

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Termination of Pledge Agreement. This Pledge Agreement shall terminate upon the date when the obligations have been paid in full and the Commitments terminated. Upon the termination of this Pledge Agreement, the Administrative Agent will, at the expense of the Pledgor, deliver any certificates certificate evidencing the Pledged Stock and any other Collateral held by it to the Pledgor and execute and deliver to the Pledgor such documents as the Pledgor shall reasonably request to evidence the termination of the Lien created hereby on the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

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