Enforcement of Pledge. 5.1 Pledgor shall immediately notify the Beneficiary in writing upon their discovery of any Event of Default. The Beneficiary may deliver a written notice of default (“Notice of Default”) to Pledgor upon the occurrence of the Event of Default or at anytime thereafter. The Notice of Default may demand that Pledgor immediately pay all outstanding payments due under the Loan Agreement and the other Principal Agreements and all other payments due to the Beneficiary.
Enforcement of Pledge. 1. The Parties agree that during the term of pledge, where Party B or the Operating Company breaches any obligation under this Agreement, the Exclusive Support Services Agreement, the Exclusive Option Agreement or the Proxy Agreement, as a result of which Party A suffers any loss or damage or incurs any expenses, Party A shall have the right to discount, auction or sell off the Pledged Shares, whether or not at reduced prices, pursuant to the provisions hereof and use the proceeds therefrom to make up for its losses in priority.
Enforcement of Pledge. 2.1 The Parties agree that, upon the occurrence of any default or non-performance of the Contractual Obligations by the Pledgors or the Target, the Pledgee shall be entitled to exercise all its rights, remedies and powers under PRC Laws (including any laws, regulations, rules, notices, interpretations or other binding documents promulgated by any central or local legislative, administrative or judicial authority before or after the effectiveness of this Agreement, hereinafter referred to as “PRC Laws”), the VIE Agreements and this Agreement, including but not limited to the right to auction or sell the Pledged Equity for prior satisfaction of claims. The Pledgee is not responsible for any loss caused by its reasonable enforcement of such rights and powers.
Enforcement of Pledge. Upon the occurrence of an Event of Default, the Pledgee shall be entitled to realize the Pledged Assets in any manner permitted by Luxembourg law and in particular, but without limitation:
Enforcement of Pledge. 8.1 Upon the Security Trustee serving notice on the Pledgor following the occurrence of a Default or an Event of Default demanding the immediate repayment of any outstanding amount of the Secured Obligations and at all times thereafter, so long as the same shall be continuing, the Security Trustee may, in addition to any other remedies provided herein or in the Indenture or by applicable law, sell the Shares or any part thereof to a third party, for cash or other value, publicly or privately in such manner and on such terms, acting with due care, as the Security Trustee in its sole discretion deems fit, after the Security Trustee has given the Pledgor seven (7) business days prior notice of the time and place of any public sale or, as the case may be, the time after which a private sale may be made, and the Security Trustee shall not be liable for any loss arising from or in connection with the realisation of the Shares or any part thereof provided that it has acted with due care.
Enforcement of Pledge. 1. Before the obligations under the Agreements have been fully fulfilled, without the written consent of Party A, Party B may not transfer the equity pledged.
Enforcement of Pledge. (a) In the event that an Event of Default has occurred which is continuing, the Collateral Agent, acting in its own name and on its own behalf (including as creditor of the Parallel Debt) as well as in the name of and on behalf of the other Pledgees, shall have the right, but not the obligation to enforce the Pledge, at its discretion, by either:
Enforcement of Pledge. 3.1. The enforcement of Pledges shall be in accordance with the Security Sharing Agreement.
Enforcement of Pledge. At any time while Skype Technologies has a right to enforce a pledge and/or charge over Securities held by the Partnership or over any Partnership Units, in either case securing a loan granted by Skype Technologies to a Grantee, the General Partner shall cause the Partnership to cooperate with Skype Technologies in any attempt Skype Technologies may make to enforce its rights under any such pledge and/or charge, including, without limitation, to force the sale of such Securities, to require the Transfer of such Securities to Skype Technologies (and/or its designee(s)) and/or to redeem or force the sale of any such Partnership Units issued to such Grantee and/or any Partnership Units issued as a result of holding such Partnership Units.
Enforcement of Pledge. Upon the occurrence of an Enforcement Event, the Pledgee shall have the right but not the obligation, after having given the Pledgor 5 (five) Business Days' prior notice thereof, to realize, on the open market, the pledge without regard to the formalities provided in the Swiss Federal Code on Debt Collection and Bankruptcy and to apply the proceeds towards the satisfaction of his secured claims pursuant to Section 2.2. The Pledgee, however, shall be obligated to realize the pledge at fair market value only. Notwithstanding the foregoing and the provision of Article 41 of the Swiss Federal Code on Debt Collection and Bankruptcy, the Pledgee is at the liberty to institute or pursue the regular debt enforcement proceedings without having first realized the Shares or institute proceedings for the realization of the said Security. The Pledgee may choose at its discretion whether to realize the pledge by forced or by private sale. Proceeds from the enforcement of the Shares shall remain pledged in favour of the Pledgee until full repayment of all debts referred to above. Any surplus shall be reimbursed to the Pledgor.
