Common use of Confirmation of Release Clause in Contracts

Confirmation of Release. Upon complete payment and discharge of all Secured Claims the Pledgee shall confirm as a matter of record to the Pledgor upon its request that the Shares are released from the Pledge.

Appears in 2 contracts

Sources: Share Pledge Agreement (Solutia Inc), Share Pledge Agreement (Solutia Inc)

Confirmation of Release. Upon complete payment and discharge of all Secured Claims the Pledgee shall confirm as a matter of record to the Pledgor upon its request that the Shares Accounts are released from the Pledge.

Appears in 1 contract

Sources: Account Pledge Agreement (Solutia Inc)