Disposal of Pledged Equity. 4.1 Upon occurrence of or any event that may trigger any Event of Default which becomes known to or should become known to the Pledgor, the Pledgor shall immediately notify the Pledge by written notice. The Parties hereby agree that, upon occurrence of any Event of Default, the Pledgee shall be entitled to exercise, upon written notice to the Pledgor, all of the remedies, rights and powers available to it under PRC Laws, the Transaction Agreements and this Agreement, including without limitation the right to auction or sell the Pledged Equity for prior satisfaction of claims. The Pledgee shall not be held liable for any losses resultant from its reasonable exercise of such rights and powers.
Appears in 4 contracts
Samples: Equity Pledge Agreement (Baozun Inc.), Equity Pledge Agreement (Baozun Inc.), Equity Pledge Agreement (Baozun Inc.)
