Common use of Termination of Pledge Clause in Contracts

Termination of Pledge. When the Promissory Note shall have been paid in full, this Pledge Agreement shall terminate. Corporation shall forthwith assign, transfer and deliver to the Pledgor or its assignees, without representation, warranty or recourse, against appropriate receipts, all the Pledged Stock, if any, then held by it in pledge hereunder.

Appears in 4 contracts

Samples: Pledge Agreement (Zeon Corp /Ri/), Pledge Agreement (Zeon Corp /Ri/), Pledge Agreement (Briana Investment Group L P)

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Termination of Pledge. When all of the Promissory Obligations, including, without limitation, the indebtedness evidenced or secured by the Note or this Agreement, shall have been paid in full, this Pledge Agreement shall terminate. Corporation BELL shall forthwith assignassigx, transfer xransfer and deliver to the Pledgor or its her assignees, without representation, warranty or recourse, against appropriate receipts, all the Pledged StockProperty, if any, then held by it him in pledge hereunder.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Bell Sports Corp)

Termination of Pledge. When the Promissory Note shall has been paid and the terms and covenants hereof and agreements of the Pledgor hereunder have been paid performed in full, this Pledge Agreement shall terminate. Corporation , and the Pledgee shall forthwith assign, transfer and deliver to the Pledgor or its assigneesdesignees, without representation, warranty or recourse, against appropriate receipts, all the Pledged Stock, if any, then held by it in pledge hereunder.

Appears in 1 contract

Samples: Stock Pledge Agreement (Ats Money Systems Inc)

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Termination of Pledge. When all of the Promissory Obligations, including, without limitation, the indebtedness evidenced or secured by the Note or this Agreement, shall have been paid in full, this Pledge Agreement shall terminate. Corporation shall BELL xxxll forthwith assign, transfer and deliver to the Pledgor or its her assignees, without representation, warranty or recourse, against appropriate receipts, all the Pledged StockProperty, if any, then held by it him in pledge hereunder.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Bell Sports Corp)

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