Common use of Disposal of Pledged Equity Interest Clause in Contracts

Disposal of Pledged Equity Interest. 4.1 The Parties agree that if any Event of Default occurs, the Pledgee has the right to, by notifying the Pledgors in writing, exercise all the remedial rights and powers that it is entitled to under the PRC Law, the Transaction Documents and the provisions of this Agreement, including but not limited to being compensated in first priority with proceeds from auctions or sales of the Pledged Equity Interest. The Pledgee shall not be liable to any loss caused by its reasonable exercise of such rights and powers.

Disposal of Pledged Equity Interest. 4.1 The Parties agree that if any Event of Default occurs, the Pledgee has the right toto exercise, by notifying upon giving a written notice to the Pledgors in writingPledgors, exercise all of the remedial rights and powers that it is entitled to under the PRC Law, the Transaction Documents and the provisions of this Agreement, including but not limited to being compensated in first priority with proceeds from auctions or sales of the Pledged Equity Interest. The Pledgee shall not be liable to for any loss caused by its reasonable exercise of such rights and powers.

Disposal of Pledged Equity Interest. 4.1 The Parties agree that if any Event of Default occurs, the Pledgee has the right to, by notifying the Pledgors in writing, exercise all the remedial rights and powers that it is entitled to under the PRC Law, the Transaction Documents and the provisions of this Agreement, including but not limited to being compensated in first priority with proceeds from auctions or sales of the Pledged Equity Interest. The Pledgee shall not be liable to for any loss caused by its reasonable exercise of such rights and powers.