Commitment of the Pledgor Clause Samples

Commitment of the Pledgor. 6.1 In the duration of the agreement, Pledgor promise to Party A that pledgor will: 6.1.1 Besides to Party A or to a person designated by Party A to transfer the shares upon the requirements of Party A, without the prior written consent of Party A, any other party shall not transferred equity, or establish or permit the existence of any burden of rights or any form of third party security interest that may affect the rights and interests of Party A; any deed to transfer ownership of equity, to pledge all or part of the equity or any other security interest is void. 6.1.2 Comply with all applicable provisions of laws, regulations, in the receipt of notices, instructions or recommendations of the relevant competent authorities, in five working days, other parties shall present Party A to the above notice, instruction or advice, and to act in accordance with the reasonable instructions of Party A; 6.2 The Pledgor agrees, Party A exercise its rights according to the contract, and there shall not exist any interruption or nuisance from the pledgor, the successor, the assignee or any other person. 6.3 Pledgor hereby undertakes to Party A, to protect or improve the protection on the performance of obligations of pledgor and (or) Party C, the pledgor will make all necessary modifications (if applicable) to the article of association (if it is a legal person) of it and Party C, sign honestly, and urge other interested party to sign all the legal titles and contract, and (or) to perform as demanded by Party A, to facilitate the exercise Party A’s pledge right, to sign the modification documents relating to share certificate with Party A, or any third party designated, and provide Party A all the relating pledge documents deemed necessary with in a reasonable period. 6.4 The Pledgor guarantees to Party A that, for Party A’s interest, pledgor will abide by and fulfill all the guarantees, commitments, contracts and statement. If the pledgor fails to completely fulfill its guarantee, commitment, contract and the statement, pledgor shall losses shall compensate all the loss of Party A resulting from this failure to fulfill. 6.5 Pledge guarantees Party A, without the prior written consent of Party A, the pledgor would not start liquidation or dissolution of Party C on its own.