Equity Pledge Sample Clauses

Equity Pledge. In order for proper performance of the obligations hereunder, the Lender and the Borrower enter into an Equity Pledge Agreement after completed the shareholder registration in Industrial and Commercial Bureau , whereby the Borrower places in pledge the stock equity it holds in Tianjin Jinhu and all other rights associated with the shareholding.

Equity Pledge. 2.1. As collateral security for the timely and complete payment and performance of all Contract Obligations, the Pledgor hereby pledges to the Pledgee a first security interest in all of the Pledgor’s rights, title and interests, whether now owned or hereinafter acquired by the Pledgor, in the Pledged Equity (the “Equity Pledge”). 2.2. The Pledgor shall have been or will be registered at the local branch of State Administration for Industry and Commerce (“SAIC”) as one of the shareholders of the Domestic Company holding his proportion of the equity interests in the Domestic Company as set forth in Recital (A) above and hold such equity interests free and clear of encumbrances except for the Equity Pledge as provided in this Agreement and/or as otherwise agreed by the Parties. 2.3. The Pledgor hereby undertakes that he will be responsible for recording the Equity Pledge on the register of equityholders (if any) of the Domestic Company on the date hereof or as soon as practicable from the date hereof, and will use his best endeavors to register the Equity Pledge with SAIC (the “Registration of Equity Pledge”). In the event the SAIC requires that the Registration of Equity Pledge be completed by using an equity pledge agreement between the Parties substantially in form stipulated by the SAIC, subject to Section 13.5, the Parties shall enter into an equity pledge agreement in such stipulated form (the “Registration Version”) and the Pledgor shall and hereby undertakes that he will use his best endeavors to register the Equity Pledge with SAIC by using the Registration Version. 2.4. During the term of this Agreement, the Pledgee shall not be liable in any way for impairment in value of the Pledged Equity, nor shall the Pledgor have any right to make any claims against the Pledgee for such impairment in value. 2.5. Upon the occurrence of any Breaching Event, the Pledgee shall have the right to dispose of the Pledged Equity in the manner set forth in Article 4 hereof. 2.6. Without the prior written consent of the Pledgee, the Pledgor shall not increase the registered capital of the Domestic Company by contributing additional capital, or allowing any third party to contribute additional capital to the Domestic Company. 2.7. Without the prior written consent of the Pledgee, the Pledgor shall not consent to the adoption of any shareholders’ resolution or by any other means permit the Domestic Company to declare or distribute any dividends or profits. 2.8. Without th...

Equity Pledge. 2.1 The ▇▇▇▇▇▇▇ hereby agrees to pledge to Pledgee the Pledged Equity, which it lawfully owns and has the right of disposal, as the Pledgee's interest in the Transaction Agreements, and as the guarantee for the performance of the Contractual Obligations and the discharge of the Secured Debts. Subject to other provisions of this Agreement, the ▇▇▇▇▇▇▇’▇ respective Pledged Equity and Secured Debts are as follows: 2.2 The ▇▇▇▇▇▇▇ undertakes that he shall record the equity pledge arrangement hereunder (the “Equity Pledge”) in the register of shareholders of the Company on the date of the execution of this Agreement, and shall register the Equity Pledge at the administration for industry and commerce where the Company is registered within a time period agreed upon by the Parties. The ▇▇▇▇▇▇▇ shall provide the Pledgee with a certificate of registration of the aforesaid Equity Pledge in the register of shareholders of the Company to the satisfaction of the Pledgee. 2.3 During the valid term of this Agreement, unless attributable to the Pledgee’s willful conduct or the Pledgee’s gross negligence with direct causation to the consequence, the Pledgee shall not be held liable to any reduction in the value of the Pledged Equity, and the ▇▇▇▇▇▇▇ shall have no right to claim any compensation or to make other requests in any way against the Pledgee.

Equity Pledge. 2.1 Pledgor hereby pledges the Pledged Equity to Pledgee (“Pledge”) as a security for the full discharge of the Secured Debt. 2.2 Pledgor and Pledgee shall promptly register the Pledge with the administrative authorities for industry and commerce upon execution of this Agreement if requested by Pledgee. The Parties also acknowledge that, upon execution of this Agreement, the Parties will not raise any question or objection to the effectiveness of this Agreement because of failure to register the Pledge with the administrative authorities for industry and commerce.

Equity Pledge. 2.1. To secure the timely and complete payment when due (whether at stated maturity, by acceleration or otherwise) of any and all of the payments due by the Target Company under the Master Agreement, including without limitation to consulting and services fees payable to the Pledgee under the Master Agreement (regardless whether the payment is due as a result of the payment date, the requirement of advance payment, or other reasons), Pledgors hereby pledge to Pledgee the security interest in all of Pledgor’s interest, whether now owned or hereafter acquired by Pledgor, in the Equity Interest of the Target Company.

Equity Pledge. 2.1 Pledgor hereby pledges the Pledged Equity to Pledgee (“Pledge”) as a security for the full discharge of the Secured Debt. 2.2 Pledgor undertakes that Pledgor’s execution of this Agreement and performance of the obligations hereunder have been approved by the other shareholder of Ambow Sihua, and Pledgor will cause Ambow Sihua to record the equity pledge hereunder on the register of shareholders of Ambow Sihua. Pledgor and Ambow Sihua shall deliver the register of shareholders recording such equity pledge to Pledgee for safekeeping upon execution of this Agreement; 2.3 The Parties agree to register or cause to register the Pledge hereunder with the administrative authorities for industry and commerce in the place where Ambow Sihua is registered. The Pledge will be established at the time when the Pledge is registered with the administrative authorities for industry and commerce in the place where Ambow Sihua is registered. Pledgor, Pledgee and Ambow Sihua shall promptly register the Pledge with the administrative authorities for industry and commerce upon execution of this Agreement. The Parties also acknowledge that, upon execution of this Agreement, the Parties will not raise any question or objection to the effectiveness of this Agreement because of failure to register the Pledge with the administrative authorities for industry and commerce in the place where Ambow Sihua is registered.

Equity Pledge. In order for proper performance of the obligations hereunder, the Lender and the Borrower enter into an Equity Pledge Agreement, whereby the Borrower places in pledge the stock equity it holds in Sogou Information and all other rights associated with the shareholding.

Equity Pledge. In order to secure the full and punctual payment of the difference between the amount deposited into the Escrow Account and the total purchase price, each Party B hereby agrees to, as the owner of the equity of FORWELL, create a pledge (the “Pledge”) in favor of Party A over its corresponding equity according to their equity ratio as a continuing security for its payment of the equity transfer price on time and its proper performance and compliance with all its other obligations under the Equity Transfer Agreement. Party B shall, and shall cause FORWELL to, enter into all necessary documents and complete all the procedures necessary to give effect to the Pledge, including (i) apply for the registration of the Pledge to the competent State Administration of Market Regulation in accordance with the applicable laws and regulations as soon as possible after the execution of this Agreement; and (ii) submit all the registration certificates (including the notice of creation of pledge) and other supporting documents that are reasonably satisfactory to Party A. The expenses required for the registration of the Pledge of equities under this Agreement shall be borne by Party B.

Equity Pledge. 2.1 Each of the Pledgors hereby agrees to pledge all the Pledged Equity Interests legally owned by it and of which it is entitled to dispose to the Pledgee as security for the repayment of the Secured Indebtedness pursuant to this Agreement. The Company hereby agrees that each of the Pledgor pledges the Equity Interest to the Pledgee pursuant to this Agreement. In particular, as of the date of this Agreement: ▇▇▇▇▇ Wang shall pledge 54.8937% of the Equity Interests in the registered capital of the Company (representing a capital contribution of RMB 1,656,667) held by him to the Pledgee; Lu Yunfen shall pledge 0.3313% of the Equity Interests in the registered capital of the Company (representing a capital contribution of RMB 10,000) held by her to the Pledgee; Liu De shall pledge 17.910% of the Equity Interests in the registered capital of the Company (representing a capital contribution of RMB 540,516) held by him to the Pledgee; ▇▇▇ ▇▇▇▇▇▇ shall pledge 17.910% of the Equity Interests in the registered capital of the Company (representing a capital contribution of RMB 540,516) held by her to the Pledgee; Yue Bin shall pledge 5.970% of the Equity Interests in the registered capital of the Company (representing a capital contribution of RMB 180,172) held by him to the Pledgee; and Lhasa Heye Investment Management Co., Ltd. shall pledge 2.985% of the Equity Interests in the registered capital of the Company (representing a capital contribution of RMB 90,086) held by it to the Pledgee. 2.2 Each of the Pledgors covenants to register the pledge of equity interests (the “Equity Pledge”) under this Agreement with the competent industrial and commercial registration authority for the Company on the date of this Agreement. The Company covenants to use its best efforts to cooperate with the Pledgors to complete the registration with the aforesaid industrial and commercial registration authority under this article. The Equity Pledge under this Agreement shall be created upon completion of the registration of the creation of equity pledge by the Company with the competent industrial and commercial authority. 2.3 During the effective term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests, nor the Pledgors shall have any right to make any claim or request against the Pledgee for any such reduction, provided that such reduction is not a direct result of any willful or gross negligence of the Pledgee. 2.4 Subj...