Common use of Administration of Industry and Commerce Clause in Contracts

Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after the Registration Authority officially accepts equity pledge application, Pledgor and the Company shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge.

Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after the Registration Authority officially accepts equity pledge application, Pledgor Pledgors and the Company shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor Pledgors and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge.