Release of Pledged Shares from Pledge. Upon the payment of all amounts due to the Pledgee under the Convertible Debentures by repayment in accordance with the terms of the Note, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Convertible Debentures, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Convertible Debentures, by repayment in accordance with the terms of the Note, this Agreement and Pledgee's security interest and rights in and to the Pledged Shares shall terminate.
Release of Pledged Shares from Pledge. Upon the full payment of all Obligations due to the Pledgee under the Transaction Documents, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal fees, and any other amounts owed to the Pledgee by the Company), the parties hereto shall notify the Escrow Agent to such effect in writing. Promptly upon receipt of such written notice, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated.
Release of Pledged Shares from Pledge. Upon the payment of all amounts due to the Pledgee under the Promissory Note by repayment in accordance with the terms of the Note, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Promissory Note, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Promissory Note, by repayment in accordance with the terms of the Note, this Agreement and Pledgee's security interest and rights in and to the Pledged Shares shall terminate.
Release of Pledged Shares from Pledge. Upon the payment of all amounts due to the Pledgee under the Convertible Redeemable Debentures by repayment in accordance with the terms of the Convertible Redeemable Debentures, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Convertible Redeemable Debentures, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the “Pledged Materials”), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Convertible Redeemable Debentures, by repayment in accordance with the terms of the Convertible Redeemable Debentures, this Agreement and Pledgee’s security interest and rights in and to the Pledged Shares shall terminate.
Release of Pledged Shares from Pledge. Upon the satisfaction in full of all the Obligations the parties hereto shall notify the Escrow Agent to such effect in writing. Promptly upon receipt of such written notice, the Escrow Agent shall return to each Pledgor the Transfer Documents and the certificates representing the Pledged Shares (collectively the “Pledged Materials”), whereupon any and all rights of the Collateral Agent in the Pledged Materials shall be terminated.
Release of Pledged Shares from Pledge. Upon the Company’s increase of its authorized shares of common stock to two hundred fifty million (250,000,000) and the delivery of one hundred million (100,000,000) shares of Common Stock by the Company to the Escrow Agent pursuant to that certain Pledge and Escrow Agreement dated January 9, 2006 by an among the Company, the Pledgee and the Escrow Agent, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares (collectively the “Pledged Materials”), whereupon any and all rights of the Pledgee in the Pledged Materials shall terminate.
Release of Pledged Shares from Pledge. Upon the termination or expiration of this Agreement, all certificates evidencing Collateral and all documents and instruments of transfer or assignment related thereto shall be promptly returned to Pledgor, whereupon all rights of the Pledgees to the Collateral hereunder shall be terminated.
Release of Pledged Shares from Pledge a. Upon the satisfaction in full of all the Obligations the parties hereto shall notify the Escrow Agent to such effect in writing. Promptly upon receipt of such written notice, the Escrow Agent shall return to each Pledgor the Transfer Documents and the certificates representing the Pledged Shares (collectively the "PLEDGED MATERIALS"), whereupon any and all rights of Collateral Agent in the Pledged Shares shall be terminated.
Release of Pledged Shares from Pledge. Upon the payment of all amounts due to the Pledgee under the Note, the Escrow Holder shall return to the Pledgor the Transfer Documents and the certificate representing the Pledged Shares (collectively the “Pledged Materials”), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Note, this Agreement and Pledgee’s security interest and rights in and to the Pledged Shares shall terminate.
Release of Pledged Shares from Pledge. Upon the repayment of the first Two Million Five Hundred Thousand Dollars $2,500,000 (whether by conversion, repayment, or otherwise) of the Obligations, the parties hereto shall notify the Escrow Agent to such effect in writing. Promptly upon receipt of such written notice, the Escrow Agent shall return to the Pledgor the Pledged Materials, whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated.
