Termination Clause Example with 7 Variations from Business Contracts

Termination. This Agreement and the liens Liens and security interests granted hereunder shall automatically terminate upon the Payment in Full of the Obligations and the Pledgee, at the Pledgor's Pledgors' sole cost and expense, shall promptly following such termination return any Pledged Interests or other Pledged Collateral then held by the Pledgee in accordance with the provisions of this Agreement to Pledgor upon the full and complete performance and indefeasible satisfaction of all of the Notes (includ...ing, without limitation, the indefeasible payment in full in cash of all obligations under such Notes) and (ii) with respect to which claims have been asserted by Pledgee and/or Purchasers. 8 12. Possession of Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Interests in the physical possession of Pledgee pursuant hereto, neither Pledgee, nor any nominee of Pledgee, shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto (including any duty to ascertain or take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to the Pledged Collateral and any duty to take any necessary steps to preserve rights against any parties with respect to the Pledged Collateral), and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them to the appropriate Pledgor. The Pledgor assumes the responsibility for being and keeping itself informed of the financial condition of a Pledge Entity and of all other circumstances bearing upon the risk of non-payment of the Obligations, and Pledgee shall have no duty to advise the Pledgor of information known to Pledgee regarding such condition or any such circumstance. Pledgee shall have no duty to inquire into the powers of a Pledge Entity or its officers, directors, managers, members, partners or agents thereof acting or purporting to act on its behalf. View More

Termination. This Agreement and the liens and security interests granted hereunder shall terminate and Pledgee, at the each Pledgor's sole cost and expense, shall return any Pledged Interests or other Pledged Collateral then held by Pledgee in accordance with the provisions of this Agreement to Pledgor upon the termination of the Note Purchase Agreement and the full and complete performance and indefeasible satisfaction of all of the Liabilities (i) in respect of the Notes (including, without limitation, the... indefeasible payment in full in cash of all obligations under such Notes) Liabilities) and (ii) with respect to which claims have been asserted by Pledgee and/or Purchasers. 8 12. Possession of Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Interests in the physical possession of Pledgee pursuant hereto, neither Pledgee, nor any nominee of Pledgee, shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto (including any duty to ascertain or take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to the Pledged Collateral and any duty to take any necessary steps to preserve rights against any parties with respect to the Pledged Collateral), and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them to the Pledgor. The Pledgor assumes the responsibility for being and keeping itself informed of the financial condition of a Pledge Entity and of all other circumstances bearing upon the risk of non-payment of the Obligations, and Pledgee shall have no duty to advise the Pledgor of information known to Pledgee regarding such condition or any such circumstance. Pledgee shall have no duty to inquire into the powers of a Pledge Entity or its officers, directors, managers, members, partners or agents thereof acting or purporting to act on its behalf. View More

Termination. This Agreement and the liens and security interests granted hereunder shall terminate and Pledgee, at the Pledgor's sole cost and expense, shall return any Pledged Interests or other Pledged Collateral then held by Pledgee in accordance with the provisions of this Agreement to Pledgor upon the full and complete performance and indefeasible satisfaction of all of the Notes (including, without limitation, the indefeasible payment in full in cash of all obligations under such Notes) and (ii) with r...espect to which claims have been asserted by Pledgee and/or Purchasers. 8 12. Possession of Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Interests in the physical possession of Pledgee pursuant hereto, neither Pledgee, nor any nominee of Pledgee, shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto (including any duty to ascertain or take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to the Pledged Collateral and any duty to take any necessary steps to preserve rights against any parties with respect to the Pledged Collateral), and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them to the Pledgor. The Pledgor assumes the responsibility for being and keeping itself informed of the financial condition of a Pledge Entity and of all other circumstances bearing upon the risk of non-payment of the Obligations, and Pledgee shall have no duty to advise the Pledgor of information known to Pledgee regarding such condition or any such circumstance. Pledgee shall have no duty to inquire into the powers of a Pledge Entity or its officers, directors, managers, members, partners or agents thereof acting or purporting to act on its behalf. View More

Termination. This Agreement and the liens and security interests granted hereunder shall terminate and Pledgee, at the Pledgor's sole cost and expense, shall return any Pledged Interests or other Pledged Collateral then held by Pledgee in accordance with the provisions of this Agreement to Pledgor upon the termination of the Purchase Agreement and the full and complete performance and indefeasible satisfaction of all of the Obligations (i) in respect of the Notes (including, without limitation, the indefeasi...ble payment in full in cash of all obligations under such Notes) Obligations) and (ii) with respect to which claims have been asserted by Pledgee and/or Purchasers. 8 12. Possession of Collateral. Beyond Purchasers, provided, however, that the exercise of reasonable care Pledgee may continue to assure the safe custody of hold the Pledged Interests in the physical possession of Pledgee pursuant hereto, neither Pledgee, nor any nominee of Pledgee, shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto (including any duty to ascertain or take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to the Pledged Collateral and any duty to take any necessary steps to preserve rights against any parties in accordance with respect to the Pledged Collateral), and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them to the Pledgor. The Pledgor assumes the responsibility for being and keeping itself informed terms of the financial condition of a Pledge Entity Prior Security Agreement and of all other circumstances bearing upon the risk of non-payment of the Obligations, and Pledgee shall have no duty to advise the Pledgor of information known to Pledgee regarding such condition or any such circumstance. Pledgee shall have no duty to inquire into the powers of a Pledge Entity or its officers, directors, managers, members, partners or agents thereof acting or purporting to act on its behalf. Senior Security Interest if then in effect. View More

Termination. This Agreement and the liens Liens and security interests granted hereunder shall terminate and Pledgee, the Collateral Agent, at the Pledgor's sole reasonable cost and reasonable expense, shall immediately return any Pledged Interests or other Pledged Collateral then held by Pledgee the Collateral Agent in accordance with the provisions of this Agreement to the Pledgor upon the full and complete performance and indefeasible satisfaction of all of the Notes Obligations (including, without limita...tion, the indefeasible payment in full in cash of all obligations under such Notes) Obligations) (i) in respect of the Transaction Documents, and (ii) with respect to which claims have been asserted by Pledgee the Collateral Agent and/or Purchasers. any other Purchaser. 8 12. Possession of Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Interests in the physical possession of Pledgee the Collateral Agent pursuant hereto, neither Pledgee, the Collateral Agent, nor any nominee of Pledgee, the Collateral Agent, shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto (including any duty to ascertain or take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to the Pledged Collateral and any duty to take any necessary steps to preserve rights against any parties with respect to the Pledged Collateral), and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them to the Pledgor. The Pledgor assumes the responsibility for being and keeping itself informed of the financial condition of a Pledge Entity and of all other circumstances bearing upon the risk of non-payment of the Obligations, and Pledgee the Collateral Agent shall have no duty to advise the Pledgor of information known to Pledgee the Collateral Agent regarding such condition or any such circumstance. Pledgee The Collateral Agent shall have no duty to inquire into the powers of a Pledge Entity or its officers, directors, managers, members, partners or agents thereof acting or purporting to act on its behalf. View More

Termination. This Agreement and the liens Pledge, Security Interest and security interests Charge granted hereunder shall terminate and Pledgee, at the Pledgor's Pledgors' sole joint and several cost and expense, shall return any Pledged Interests Shares or other Pledged Collateral then held by Pledgee in accordance with the provisions of this Agreement to Pledgor Pledgors upon the termination of the Note and the full and complete performance and indefeasible satisfaction of all of the Notes Obligations (i) ...in respect of the Note (including, without limitation, the indefeasible payment in full in cash of all obligations under such Notes) Obligations) and (ii) with respect to which claims have been asserted by Pledgee and/or Purchasers. 8 12. Pledgee. -7- 15. Possession of Collateral. Pledged Shares. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Interests Shares in the physical possession of Pledgee pursuant hereto, neither Pledgee, nor any nominee of Pledgee, shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto (including any duty to ascertain or take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to the Pledged Collateral Shares and any duty to take any necessary steps to preserve rights against any parties with respect to the Pledged Collateral), Shares), and shall be relieved of all responsibility for the Pledged Collateral Shares upon surrendering them to the any Pledgor. The Each Pledgor assumes the responsibility for being and keeping itself informed of the financial condition of a Pledge Entity the Borrower and of all other circumstances bearing upon the risk of non-payment of the Obligations, and Pledgee shall have no duty to advise the any Pledgor of information known to Pledgee regarding such condition or any such circumstance. Pledgee shall have no duty to inquire into the powers of a Pledge Entity the Borrower or its officers, directors, managers, members, partners or agents thereof acting or purporting to act on its behalf. View More

Termination. This Agreement and the liens Pledge, Security Interest and security interests Charge granted hereunder shall terminate and Pledgee, at the Pledgor's sole and Company's cost and expense, shall return any Pledged Interests Shares or other Pledged Collateral then held by Pledgee in accordance with the provisions of this Agreement to Pledgor upon the termination of the Note and the full and complete performance and indefeasible satisfaction of all of the Notes Obligations (i) in respect of the Note ...(including, without limitation, the indefeasible payment in full in cash of all obligations under such Notes) Obligations) and (ii) with respect to which claims have been asserted by Pledgee and/or Purchasers. 8 12. Pledgee. -5- 11. Possession of Collateral. Pledged Shares. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Interests Shares in the physical possession of Pledgee pursuant hereto, neither Pledgee, nor any nominee of Pledgee, shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto (including any duty to ascertain or take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to the Pledged Collateral Shares and any duty to take any necessary steps to preserve rights against any parties with respect to the Pledged Collateral), Shares), and shall be relieved of all responsibility for the Pledged Collateral Shares upon surrendering them to the Pledgor. The Pledgor assumes the responsibility for being and keeping itself informed of the financial condition of a Pledge Entity and of all other circumstances bearing upon the risk of non-payment of the Obligations, and Pledgee shall have no duty to advise the Pledgor of information known to Pledgee regarding such condition or any such circumstance. Pledgee shall have no duty to inquire into the powers of a Pledge Entity the Company or its officers, directors, managers, members, partners or agents thereof acting or purporting to act on its behalf. View More