Disposal of the Pledged Property. 4.1 Pledgor and Pledgee agree hereby that, in case of any Breaching Event, Pledgee shall have the right to exercise, upon giving written notice to Pledgors, all of its remedies and powers at breaching entitled under the PRC Law, Transaction Agreements and the terms hereof, including but not limited to repayment in priority with proceeds from auctions or sale-offs of the Pledged Property. Pledgee shall not be liable for any loss as the result of its reasonable exercise of such rights and powers.
Appears in 2 contracts
Samples: Equity Pledge Agreement (The9 LTD), Equity Pledge Agreement (The9 LTD)
Disposal of the Pledged Property. 4.1 Pledgor and Pledgee agree hereby that, in case of any Breaching Event, Pledgee shall have the right to exercise, upon giving written notice to PledgorsPledgor, all of its remedies and powers at breaching entitled enjoyable by it under the PRC Law, Transaction Agreements and the terms hereof, including but not limited to repayment in priority with proceeds from auctions or sale-offs of the Pledged Property. Pledgee shall not be liable for any loss as the result of its reasonable exercise of such rights and powers.to
Appears in 2 contracts
Samples: Equity Pledge Agreement (The9 LTD), Equity Pledge Agreement (The9 LTD)
Disposal of the Pledged Property. 4.1 Pledgor Pledgors and Pledgee agree hereby that, in case of any Breaching Event, Pledgee shall have the right to exercise, upon giving written notice to Pledgors, all of its remedies and powers at breaching entitled enjoyable by it under the PRC Law, Transaction Agreements and the terms hereof, including but not limited to repayment in priority with proceeds from auctions or sale-offs of the Pledged Property. Pledgee shall not be liable for any loss as the result of its reasonable exercise of such rights and powers.
Appears in 1 contract
Disposal of the Pledged Property. 4.1 Pledgor and Pledgee agree hereby that, in case of any Breaching Event, Pledgee shall have the right to exercise, upon giving written notice to Pledgors, all of its remedies and powers at breaching entitled enjoyable by it under the PRC Law, Transaction Agreements and the terms hereof, including but not limited to repayment in priority with proceeds from auctions or sale-offs of the Pledged Property. Pledgee shall not be liable for any loss as the result of its reasonable exercise of such rights and powers.
Appears in 1 contract
Samples: Equity Pledge Agreement (The9 LTD)