Common use of Disposal of the Pledged Property Clause in Contracts

Disposal of the Pledged Property. 4.1 Pledgeors, Shiji Shenghuo and Pledgee hereby agree that, in case of any Breaching Event, the Pledgee, shall have the right to exercise, upon giving written notice to Pledgeors, all of the remedial rights and powers enjoyable by them under PRC Law, Transaction Agreements and the terms hereof, including but not limited to being 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 their reasonable exercise of such rights and powers.

Disposal of the Pledged Property. 4.1 PledgeorsPledgors, Shiji Century Shenghuo and Pledgee Pledgees hereby agree that, in case of any Breaching Event, the Pledgee, Pledgees shall have the right to exercise, upon giving written notice to PledgeorsPledgors, all of the remedial rights and powers enjoyable by them under PRC Law, Transaction Agreements and the terms hereof, including but not limited to being repayment in priority with proceeds from auctions or sale-offs of the Pledged Property. Pledgee Pledgees shall not be liable for any loss as the result of their reasonable exercise of such rights and powers.