Common use of ENFORCEMENT OF PLEDGES Clause in Contracts

ENFORCEMENT OF PLEDGES. 9.1 Prior to the Pledgor’s security obligation has been discharged, Pledgor shall not transfer its equity interest without prior written consent of Pledgee. 9.2 An Enforcement Notice shall be delivered to Pledgor before Pledgee exercise its Pledge right under this Agreement. 9.3 Subject to Clause 8.3, from and including delivery of the Default Notice under this Agreement, Pledgee shall become entitle to exercise the right of Pledged Interest at its sole discretion. 9.4 Pledgee is entitled to enforce the pledges of first order in priority by dispose of the pledge interests hereunder legally. 9.5 The Pledgor shall not hinder and shall take necessary assistance for the enforcement of pledges by Pledgee.