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.
Appears in 6 contracts
Samples: Equity Pledge Agreement (111, Inc.), Equity Pledge Agreement (111, Inc.), Equity Pledge Agreement (111, Inc.)
