Common use of Economic and Corporate Rights Clause in Contracts

Economic and Corporate Rights. (a) Each of the parties hereto hereby agrees that each Pledgor shall have the right to exercise any and all the corporate rights (including voting rights) and economic rights that arise from the Pledged Equity Interests, except upon the occurrence of an Enforcement Event that is continuing (for which an Enforcement Notice was provided to the relevant Pledgor), in which case the Pledgors hereby agree that, from the date of such Enforcement Notice, the corporate and economic rights pertaining to the Pledged Equity Interests, shall be exercised by the Pledgee.

Economic and Corporate Rights. (a) Each of the parties hereto hereby agrees that each Pledgor shall have the right to exercise any and all the corporate rights (including voting rights) and economic rights that arise from the Pledged Equity InterestsShares, except upon the occurrence of an Enforcement Event that is continuing (for which an Enforcement Notice was provided to the relevant Pledgor), in which case the Pledgors Pledgor hereby agree agrees that, from the date of such Enforcement Notice, the corporate and economic rights pertaining to the Pledged Equity InterestsShares, shall be exercised by the Pledgee.