Common use of Disposal of Pledged Equity Clause in Contracts

Disposal of Pledged Equity. 4.1 The Parties hereby agree that, in case of any Event of Default, the Pledgee shall be entitled to, upon giving written notice to the Pledgors, exercise all the remedial rights and powers available to it under PRC Law, Transaction Agreements and this Agreement, including, but not limited to, being compensated in first priority with proceeds from auctions or sale-offs of the Pledged Equity. The Pledgee shall not be liable for any loss as a result of its reasonable exercise of such rights and powers.

Disposal of Pledged Equity. 4.1 The Parties hereby agree that, that in case the event of any Event Events of Default, the Pledgee shall be entitled toshall, upon giving written notice to Pledgor, have the Pledgors, right to exercise all the remedial rights and powers of remedies available to it under the PRC LawLaws, Transaction Agreements Documents and provisions of this Agreement, including, but not limited to, being compensated in first priority with proceeds from auctions auctioning off or sale-offs of selling the Pledged EquityEquity in accordance with then-effective laws and regulations for a first-priority repayment. The Pledgee shall not be liable responsible for any loss as a result incurred by Pledgor or the Company arising out of its the reasonable exercise of such rights and powerspower.

Disposal of Pledged Equity. 4.1 The Parties hereby agree that, that in case the occurrence of any Event of Default, the Pledgee shall be entitled tomay, upon giving after a written notice to the Pledgors, exercise all the remedial rights and powers available to it entitled under applicable PRC LawLaws, the Transaction Agreements and this Agreement, including, including (but not limited to, ) being compensated repaid in first priority with the proceeds from auctions auction or sale-offs sale of the Pledged Equity. The Pledgee shall not be liable for any loss incurred as a result of its reasonable exercise of such rights and powers.

Disposal of Pledged Equity. 4.1 The Parties hereby agree that, that in case the occurrence of any Event of Default, the Pledgee shall be entitled tomay, upon giving after a written notice to the PledgorsPledgor, exercise all the remedial rights and powers available to it entitled under applicable PRC LawLaws, the Transaction Agreements and this Agreement, including, including (but not limited to, ) being compensated repaid in first priority with the proceeds from auctions auction or sale-offs sale of the Pledged Equity. The Pledgee shall not be liable for any loss incurred as a result of its reasonable exercise of such rights and powers.

Disposal of Pledged Equity. 4.1 The Parties hereby agree that, that in case the event of any Event event of Defaultdefault, the Pledgee shall be entitled toentitled, upon giving a written notice to the PledgorsPledgor, to exercise all the remedial of its rights and powers available to it remedy the default under PRC Lawthe laws of the PRC, Transaction Agreements the transaction agreement and this Agreementthe terms hereof, including, including (but not limited to, being compensated in first priority with proceeds from auctions ) auction or sale-offs sale of the Pledged Equitypledged equity for priority of payment. The And the Pledgee shall not be liable for any loss as a result of arising from its reasonable exercise of such rights and powers.