Common use of Termination of Pledge Clause in Contracts

Termination of Pledge. Upon the satisfaction in full of all Obligations and the satisfaction of all additional costs and expenses of Pledgee as provided herein, this Pledge shall terminate and Pledgee shall deliver to Pledgor, the Pledged Securities or so much thereof as shall not have been sold or otherwise applied pursuant to this Pledge.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Aviation Holdings Group Inc/Fl), Stock Pledge Agreement (Aviation Holdings Group Inc/Fl), Collateral Pledge Agreement (Cti Group Holdings Inc)

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Termination of Pledge. Upon the satisfaction in full of all Obligations of the Indebtedness and the satisfaction of all additional costs and expenses of Pledgee the Pledgees as provided herein, this Pledge Agreement shall terminate terminate, and Pledgee the Pledgees shall deliver to the Pledgor, at the Pledgor's expense, such of the Pledged Securities or so much thereof Stock as shall not have been sold or otherwise applied disposed of pursuant to this PledgeAgreement.

Appears in 2 contracts

Samples: Merger Agreement (Elligent Consulting Group Inc), Merger Agreement (Elligent Consulting Group Inc)

Termination of Pledge. Upon the satisfaction in full of all Obligations and the satisfaction of all additional costs and expenses of Pledgee as provided hereinObligations, this Pledge shall terminate and Pledgee shall deliver to Pledgor, the Pledged Securities or so much thereof as shall not have been sold or otherwise applied pursuant to this Pledge.

Appears in 1 contract

Samples: Stock Pledge Agreement (Logistics Management Inc)

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Termination of Pledge. Upon the satisfaction in full of all Obligations and the satisfaction of all additional costs and expenses of Pledgee as provided herein, this Pledge shall terminate and Pledgee shall deliver to Pledgor, the Pledged Securities or so much thereof as shall not have been sold or otherwise applied pursuant to this Pledge. Furthermore, in the event that AHI is permitted to enter into a Guaranty Agreement, Pledgor shall be entitled to substitute a Guaranty Agreement for the obligations set forth in this Agreement.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Aviation Holdings Group Inc/Fl)

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