Common use of Assignments And Pledge Clause in Contracts

Assignments And Pledge. 2.1 The Pledgor agrees to pledge all its equity interest in Beijing eLong to the Pledgee. Pledge under this Agreement refers to the rights owned by the Pledgee who shall be entitled to have priority in receiving payment by the evaluation or proceeds from the auction or sale of the equity interests pledged by the Pledgor to the Pledgee.

Appears in 7 contracts

Samples: Equity Interests Pledge Agreement (eLong, Inc.), Equity Interests Pledge Agreement (eLong, Inc.), Equity Interests Pledge Agreement (eLong, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!