Common use of Termination of Pledge Clause in Contracts

Termination of Pledge. This Pledge Agreement and the security interest and pledge hereunder shall not terminate until the full and final payment and performance of all indebtedness and obligations secured hereunder. At such time, the Company shall reassign and deliver to Borrower all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Company in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Company, and shall be at the expense of Borrower. Without limiting the generality of the foregoing, the security interest and pledge hereunder shall not be terminated by the transfer of any of the Collateral hereunder from the Company to Borrower, or any person designated by Borrower, for the purpose of ultimate sale, exchange, presentation, collection, renewal or registration of transfer or for any other purpose.

Termination of Pledge. This Pledge Agreement and the --------------------- security interest and pledge hereunder shall not terminate until the full and final payment and performance of all indebtedness and obligations secured hereunder. At such time, the Company shall reassign and deliver to Borrower all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Company in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Company, and shall be at the expense of Borrower. Without limiting the generality of the foregoing, the security interest and pledge hereunder shall not be terminated by the transfer of any of the Collateral hereunder from the Company to Borrower, or any person designated by Borrower, for the purpose of ultimate sale, exchange, presentation, collection, renewal or registration of transfer or for any other purpose.

Termination of Pledge. This Pledge Agreement and the security interest and pledge hereunder shall not terminate until the full and final payment and performance of all indebtedness and obligations secured hereunder. At such time, the Company shall reassign and deliver to Borrower all of the Collateral hereunder which has not been sold, disposed of, retained or applied by the Company in accordance with the terms hereof. Such reassignment and redelivery shall be without warranty by or recourse to the Company, and shall be at the expense of Borrower. Without limiting the generality of the foregoing, the security interest and pledge hereunder shall not be terminated by the transfer of any of the Collateral hereunder from the Company to Borrower, or any person designated by Borrower, for the purpose of ultimate sale, sale/ exchange, presentation, collection, renewal or registration of transfer or for any other purpose.