Increase in Security. If, for a period of fifteen (15) -------------------- consecutive days, the fair market value of the Stock falls below all sums due under the Note, then Pledgor will be required to transfer to Pledgee, upon receipt of Pledgee's written request, additional security, in any form acceptable to Pledgee, in an amount equal to the difference between all sums due under the Note and the fair market value of the Stock.
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Sources: Stock Pledge Agreement (Staar Surgical Company), Stock Pledge Agreement (Staar Surgical Company)
Increase in Security. If, for a period of fifteen (15) -------------------- consecutive ---------------------- days, the fair market value of the Stock falls below all sums due under the Note, then Pledgor will be required to transfer to Pledgee, upon receipt of Pledgee's written request, additional security, in any form acceptable to Pledgee, in an amount equal to the difference between all sums due under the Note and the fair market value of the Stock.
Appears in 1 contract
Increase in Security. If, for a period of fifteen (15) -------------------- consecutive days, the fair market value of the Stock falls below all sums due under the Note, then Pledgor will be required to transfer to Pledgee, upon receipt of Pledgee's written request, additional security, in any form acceptable to Pledgee, in an amount equal to the difference between all sums due under the Note and the fair market value of the Stock.
Appears in 1 contract