Commitment of Pledgor Clause Samples

The Commitment of Pledgor clause establishes the obligations and promises made by the pledgor, typically the party providing collateral in a secured transaction. This clause outlines the specific actions the pledgor must take, such as maintaining the value of the pledged assets, ensuring they remain free of other claims, and cooperating with the secured party to perfect the security interest. By clearly defining these responsibilities, the clause ensures that the secured party's interests are protected and reduces the risk of disputes or loss of collateral value during the term of the agreement.
Commitment of Pledgor. 1. The Pledgor has acquired the authorization required for the guarantee under the Contract in accordance with relevant stipulations and procedures. 2. The Pledgor has complete and undisputed rights to own or dispose of the pledge right. 3. The pledge right can be transferred according to law. 4. There shall not be application for cancellation, announcement of its invalidity, objection, sealing-up, freezing, supervision, litigation, arbitration, report for the loss and payment stoppage and other circumstances against the pledge right. 5. The Pledgor has solicited the approval of right co-owners with respect to the pledge matters under the Contract. 6. The Pledgor shall, in accordance with laws and regulations, timely pay all expenses relevant to the pledge right, perform legal obligations, extend the time limit of the right as required by the Pledgee and maintain the pledge right in force during the term of the pledge right. 7. During the term of the pledge right , if any of the following circumstances occurs, the Pledgor shall immediately inform the Pledgee in writing: (1) There is an application for cancellation, announcement of its invalidity, objection, sealing-up, freezing, supervision, litigation, arbitration, report for the loss and payment stoppage against the pledge right and other circumstances that affect the realization of the pledge right; (2) The Pledgor is forced to cancel or revoke his business license, ordered to close down or other causes for dissolution occur; (3) The Pledgor is applying for bankruptcy, reorganization and reconciliation or is forced to apply for bankruptcy and reorganization. 8. The pledge right shall be free from other circumstances that will obstruct the Pledgee in realizing his pledge right.
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Commitment of Pledgor. 5.1 出质人向质权人承诺如下： 5.1 The Pledgor undertakes to the pledgee as follows: （a 未经质权人事先书面同意，出质人不得转让质押股权、不得授予任何第三方行使与质押股权有关的任何权益、期权或与之相关的其他权利，亦不得在质押股份上设置任何其他担保权益或以任何其他可能影响质权的方式处置质押股权。 (a) Without the prior written consent of the Pledgee, the Pledgor shall not transfer its Pledged Shares, grant any third party to exercise any interest, option or other rights related to the Pledged Shares, or set up any other security interest in the Pledged Shares or dispose of the Pledged Shares in any other way that may affect the Pledgee's Rights. （b）出质人承诺不会且促使公司不会实施、促使或允许第三方实施任何可能贬损、危害或以其他方式损害质权或质押股份价值的行为。除此之外，若出质人知晓任何可能影响质权或质押股份价值的事件或行为，其应在知晓该等事件或行为之日起两（2）个工作日内书面通知质权人。 (b) The Pledgor undertakes that it will not and will cause the Company not to commit or cause or permit a third party to commit any act that may derogate from, endanger or otherwise impair the value of the Pledgee's Rights or the Pledged Shares. In addition, if the Pledgor becomes aware of any event or act that may affect the value of the Pledgee's Rights or the Pledged Shares, it shall notify the Pledgor in writing within two (2) working days from the date of becoming aware of such event or act. （c）出质人应当立即通知质权人任何可能负面影响出质人或者质权人在交易协议和本协议下利益或者与质押股份有关的任何诉讼、仲裁、请求或 者行动，及时通知质权人该等诉讼、仲裁、请求或者行动的进展情况, 且应采取所有合理措施抗辩上述行动并保护质权人对于质押股权的利益。 (c) The Pledgor shall immediately notify the Pledgee of any litigation, arbitration, request or action that may negatively affect the interests of the Pledgor or the Pledgee under the Transaction Agreement and the Agreement or in connection with the Pledged Shares, and promptly notify the Pledgee of the progress of such litigation, arbitration, request or action, and shall take all reasonable measures to defend the above actions and protect the interests of the Pledgee for the Pledged Shares. （d）出质人将且将促使公司根据本协议的规定办理相关登记事宜。 (d) The Pledgor will and will cause the company to register in accordance with the provisions of the Agreement. （e）无论本协议中有何规定，出质人仍有义务在任何时候履行其在交易协议项下之义务，并及时适当地履行其在公司章程项下之义务，且质权人实现本协议项下部分质权不应免除出质人的任何前述义务。 (e) Notwithstanding other provisions in the Agreement, the Pledgor shall be still obliged to perform its obligations under the Transaction Agreement at any time, and timely and properly perform its obligations under the Articles of Association, and the realization of part of its Pledgee's Rights under the Agreement by the Pledgee shall not exempt the Pledgor from any of the foregoing obligations. （f）出质人向质权人保证，出质人将遵守、履行本协议项下所有的保证、承诺、协议、陈述及条件。如出质人不履行或不完全履行其保证、承诺、协议、陈述及条件，出质人应...
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Commitment of Pledgor. 为质押权人的利益，质押人在此做出如下承诺，在本协议期间内： For the benefit of the Pledgee, the Pledgor hereby commits during the term of this Agreement, as follows: 7.1 未经质押权人事前书面同意，质押人不得转让或让与股权，设定或允许 设定任何可能对质押权人的权益产生不利影响的质押，或促使公司股东 会做出任何允许出售、转让、质押或以任何其它方式处置股权的决议， 或批准在质押财产上设置任何其它担保权益。但是，股权可根据股权优 先受让协议转让给质押权人或质押权人指定的任何人。 Without prior written consent of the Pledgee, the Pledgor shall not transfer or assign any stock equity, make or consent to make any pledge which may go against any interest of the Pledgee, request or urge the Board of Shareholders of the Company to make any resolution to approve any sale, transfer, pledge or disposal, in any way, of the stock equity, or approve any security interest made to any property of the Company; however, such stock equity may be transferred to the Pledgee or any person designated by the Pledgee pursuant to the Stock Equity Transfer Priority Agreement. 7.2 质押人应遵守适用于质押的所有法律和法规。质押人应于收到有关政府 部门发布或颁布的关于质押的任何通知、命令或建议之日起五(5)日内， 将该通知、命令或建议交付给质押权人，并应遵守该通知、命令或建 议，或根据质押权人的合理要求或在其同意下，做出对该通知、命令或 建议的反对或声明。 The Pledgor shall abide by all of the laws and regulations applicable to the pledge. With five (5) days after the receipt of any notice, order or proposal on the pledge promulgated or released by relevant governmental sectors, the Pledgor shall deliver such notice, order or proposal to the Pledgee, and shall abide by such notice, order or proposal, or shall make any declaration or rejection to such notice, order or proposal, at the reasonable request of or with the consent of the Pledgee.
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Related to Commitment of Pledgor

  • Term of Pledge 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing. 3.2 During the Term of Pledge, in the event Pledgor and/or Party C fails to perform the Contract Obligations or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement.

  • Retention of Pledged Collateral In addition to the rights and remedies hereunder, upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC (or any successor sections of the UCC) or otherwise complying with the notice requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.

  • Certain Sales of Pledged Collateral (a) Each Pledgor recognizes that, by reason of certain prohibitions contained in law, rules, regulations or orders of any Governmental Authority, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Pledged Collateral, to limit purchasers to those who meet the requirements of such Governmental Authority. Each Pledgor acknowledges that any such sales may be at prices and on terms less favorable to the Collateral Agent than those obtainable through a public sale without such restrictions, and, notwithstanding such circumstances, agrees that any such restricted sale shall be deemed to have been made in a commercially reasonable manner and that, except as may be required by applicable law, the Collateral Agent shall have no obligation to engage in public sales. (b) Each Pledgor recognizes that, by reason of certain prohibitions contained in the Securities Act, and applicable state securities laws, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Securities Collateral and Investment Property, to limit purchasers to persons who will agree, among other things, to acquire such Securities Collateral or Investment Property for their own account, for investment and not with a view to the distribution or resale thereof. Each Pledgor acknowledges that any such private sales may be at prices and on terms less favorable to the Collateral Agent than those obtainable through a public sale without such restrictions (including a public offering made pursuant to a registration statement under the Securities Act), and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner and that the Collateral Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Securities Collateral or Investment Property for the period of time necessary to permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would agree to do so. (c) Notwithstanding the foregoing, each Pledgor shall, upon the occurrence and during the continuance of any Event of Default, at the reasonable request of the Collateral Agent, for the benefit of the Collateral Agent, cause any registration, qualification under or compliance with any Federal or state securities law or laws to be effected with respect to all or any part of the Securities Collateral as soon as practicable and at the sole cost and expense of the Pledgors. Each Pledgor will use its commercially reasonable efforts to cause such registration to be effected (and be kept effective) and will use its commercially reasonable efforts to cause such qualification and compliance to be effected (and be kept effective) as may be so requested and as would permit or facilitate the sale and distribution of such Securities Collateral including registration under the Securities Act (or any similar statute then in effect), appropriate qualifications under applicable blue sky or other state securities laws and appropriate compliance with all other requirements of any Governmental Authority. Each Pledgor shall use its commercially reasonable efforts to cause the Collateral Agent to be kept advised in writing as to the progress of each such registration, qualification or compliance and as to the completion thereof, shall furnish to the Collateral Agent such number of prospectuses, offering circulars or other documents incident thereto as the Collateral Agent from time to time may request, and shall indemnify and shall cause the issuer of the Securities Collateral to indemnify the Collateral Agent and all others participating in the distribution of such Securities Collateral against all claims, losses, damages and liabilities caused by any untrue statement (or alleged untrue statement) of a material fact contained therein (or in any related registration statement, notification or the like) or by any omission (or alleged omission) to state therein (or in any related registration statement, notification or the like) a material fact required to be stated therein or necessary to make the statements therein not misleading. (d) If the Collateral Agent determines to exercise its right to sell any or all of the Securities Collateral or Investment Property, upon written request, the applicable Pledgor shall from time to time furnish to the Collateral Agent all such information as the Collateral Agent may request in order to determine the number of securities included in the Securities Collateral or Investment Property which may be sold by the Collateral Agent as exempt transactions under the Securities Act and the rules of the Securities and Exchange Commission thereunder, as the same are from time to time in effect. (e) Each Pledgor further agrees that a breach of any of the covenants contained in this Section 9.4 will cause irreparable injury to the Collateral Agent and the other Secured Parties, that the Collateral Agent and the other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 9.4 shall be specifically enforceable against such Pledgor, and such Pledgor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants except for a defense that no Event of Default has occurred and is continuing.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Delivery of Pledged Collateral All certificates and all promissory notes and instruments evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Agent, for itself and the benefit of Lenders, pursuant hereto. All Pledged Shares shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Agent and all promissory notes or other instruments evidencing the Pledged Indebtedness shall be endorsed by Pledgor.