Common use of RELEASE OF THE PLEDGE Clause in Contracts

RELEASE OF THE PLEDGE. 3.1 Upon sufficient and complete performance of all Contractual Obligations as well as discharge of all Secured Liabilities by the Pledgors and the Company, at the request of the Pledgors, the Pledgee will release the Pledged Equity Interests and assist the Pledgors in de-registering the Pledged Equity Interests from the share register of the Company and the industrial and commercial authority having jurisdiction over the Company. Any and all costs and expenses arising from the release of the Pledged Equity Interests will be payable by the Pledgee.