Equity Pledge Agreements Sample Clauses

Equity Pledge Agreements. (a) The Investor shall have received each document required to be executed and delivered under each of the Equity Pledge Agreements.
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Equity Pledge Agreements. The holders of all of the outstanding member interests in the Borrower (other than the Lender) shall execute and deliver to Lender the Equity Pledge Agreements dated as of the Closing Date, such agreements to be in form and substance satisfactory to the Lender. The Borrower, by its execution of the Equity Pledge Agreements, shall acknowledge the terms and provisions of such agreement.
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Equity Pledge Agreements. Pursuant to the relevant equity pledge agreement, the relevant variable interest entity equity holders have pledged all of their interests in the equity of the variable interest entity as a continuing first priority security interest in favor of the corresponding subsidiary to secure the outstanding amounts advanced under the relevant loan agreements described above and to secure the performance of obligations by the variable interest entity and/or its equity holders under the other structure contracts. Each subsidiary is entitled to exercise its right to dispose of the variable interest entity equity holders’ pledged interests in the equity of the variable interest entity and has priority in receiving payment by the application of proceeds from the auction or sale of the pledged interests, in the event of any breach or default under the loan agreement or other structure contracts, if applicable. Contracts that Enable Us to Receive Substantially All of the Economic Benefits from the Variable Interest Entities Exclusive Services Agreements Under the Enhanced VIE Structure, each relevant variable interest entity has entered into an exclusive service agreement with the respective subsidiary, pursuant to which our relevant subsidiary provides exclusive services to the variable interest entity. In exchange, the variable interest entity pays a service fee to our subsidiary, the amount of which shall be determined, to the extent permitted by applicable PRC laws as proposed by our subsidiary, resulting in a transfer of substantially all of the profits from the variable interest entity to our subsidiary. For a more detailed summary of such contractual arrangements, see “Item 4. Information on the Company — C. Organizational Structure — Contracts that Give Us the Power to Direct the Activities of the Variable Interest Entities for Accounting Purpose” and “— Contracts that Give Us the Obligation to Absorb Losses or the Rights to Receive Benefits from the Variable Interest Entities for Accounting Purpose.” If the VIEs or their equity holders fail to perform their respective obligations under the contractual arrangements, we will have to enforce our rights under the contractual arrangements through the operations of PRC law and arbitral or judicial agencies, which may be costly and time-consuming and will be subject to uncertainties in the PRC legal system, including the uncertainty resulting from the fact that these VIE contracts have not been tested in a PRC court. C...
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Equity Pledge Agreements. Each shareholder of MecoxLane Information has entered into an equity pledge agreement with Xxx Xxxx Xxxxxxx and MecoxLane Information, under which such shareholder pledged all of his/her equity interest in MecoxLane Information to Xxx Xxxx Xxxxxxx as collateral for all of his/her payments due to Xxx Xxxx Xxxxxxx and to secure his/her obligations under the above agreements. MecoxLane Information must not declare any dividend without Xxx Xxxx Xxxxxxx’s prior written consent, unless all the amounts due to Xxx Xxxx Trading have been paid off and all the obligations of MecoxLane Information have been fully discharged. If any event of default as defined under the loan agreement occurs, Xxx Xxxx Xxxxxxx, as the pledgee, will be entitled to certain rights including the right to sell the pledged equity interests.
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Equity Pledge Agreements. The Equity Pledge Agreements comprise of Equity Pledge Agreement (Guangzhou Daide) and Equity Pledge Agreement (Target Company) which are of substantial similar terms. Date: Upon Completion Parties: For Equity Pledge Agreement (Guangzhou Daide):
Sample 1
Equity Pledge Agreements. Pursuant to the relevant equity pledge agreement, the relevant variable interest entity equity holders have pledged all of their interests in the equity of the variable interest entity as a continuing first priority security interest in favor of the corresponding subsidiary to secure the outstanding amounts advanced under the relevant loan agreements described above and to secure the performance of obligations by the variable interest entity and/or its equity holders under the other structure contracts. Each subsidiary is entitled to exercise its right to dispose of the variable interest entity equity holders’ pledged interests in the equity of the variable interest entity and has priority in receiving payment by the application of proceeds from the auction or sale of the pledged interests, in the event of any breach or default under the loan agreement or other structure contracts, if applicable.
Sample 1
Equity Pledge Agreements. With respect to each of the VIE Controlled Entities: Parties: The registered shareholder(s) of the respective VIE Controlled Entity JLC (WFOE) The VIE Controlled Entity Subject: The registered shareholder(s) agree(s) to pledge all equity interest in the respective VIE Controlled Entity held by the registered shareholders to JLC (WFOE).
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Equity Pledge Agreements. The Parent and the Subsidiary shall execute and deliver to Lender amendments to the Equity Pledge Agreements to spread the Equity Pledge Agreement to the interests in applicable Operators and Joint Ventures, if any.
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Equity Pledge Agreements. (a) Section 2(i)(a) of each Equity Pledge Agreement is hereby amended by adding the words "or in the Senior Credit Documents" after the words "except as provided herein". Notwithstanding any provision to the contrary contained in this Agreement, in no event shall any action or inaction of Lessee be deemed an Event of Default hereunder if and to the extent that such action or inaction is the responsibility of the Management Firm pursuant to the Management Agreement; provided, however, such action or inaction shall nonetheless constitute an Event of Default hereunder if the Management Firm was unable to perform its responsibilities under the Management Agreement as a result of either (i) the negligent or willful acts or omissions of Lessee or (ii) a Default or Event of Default by Lessee under any Transaction Document other than this Agreement, not caused by the Secured Party or any BCC Affiliate.
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Related to Equity Pledge Agreements

  • Stock Pledge Agreement The term "Stock Pledge Agreement" shall have the meaning set forth in Section 6.3(xiii).

  • Equity Pledge 2.1 Each Pledgor hereby agrees to pledge the Pledged Property, which it legally owns and has the right to dispose of, to Pledgee according to the provisions hereof as the security for the performance of the Contract Obligations and the repayment of the Guaranteed Liabilities. Each Target Company hereby agrees that the Pledgors legally holding equity interest in it to pledge the Pledged Property to the Pledgee according to the provisions hereof.

  • Pledge Agreements Duly executed originals of each of the Pledge Agreements accompanied by (as applicable) (a) share certificates representing all of the outstanding Stock being pledged pursuant to such Pledge Agreement and stock powers for such share certificates executed in blank and (b) the original Intercompany Notes and other instruments evidencing Indebtedness being pledged pursuant to such Pledge Agreement, duly endorsed in blank.

  • Negative Pledge Agreements None of the Obligors will create, incur, assume or permit to exist any contract, agreement or understanding (other than this Agreement and the Security Instruments) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property or restricts it or any other Subsidiary from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

  • of the Pledge Agreement Upon the occurrence of a Termination Event, the Company shall promptly but in no event later than two Business Days thereafter give written notice to the Agent, the Collateral Agent and to the Holders, at their addresses as they appear in the Register.

  • Pledge Agreement Other than as expressly permitted hereunder, the Pledge Agreement or any other Security Document pursuant to which the Capital Stock or Stock Equivalents of the Borrower or any Subsidiary is pledged or any material provision thereof shall cease to be in full force or effect (other than pursuant to the terms hereof or thereof or as a result of acts or omissions of the Collateral Agent or any Lender) or any pledgor thereunder or any Credit Party shall deny or disaffirm in writing any pledgor’s or Credit Party’s obligations under any Security Document; or

  • Stock Pledge To evidence and perfect the Liens of Collateral Agent in the Subsidiary Stock, the Company and the Subsidiaries owning other Subsidiaries or Unrestricted Sub- sidiaries shall execute and deliver the Stock Pledge Agreement and will execute and deliver related undated stock powers ex- ecuted in blank by the Company and shall deliver all original certificates representing the Subsidiary Stock to Collateral Agent and will cause all issuers of Subsidiary Stock to execute and deliver pledge acknowledgments pursuant to the Stock Pledge Agreement.

  • Pledge and Security Agreement The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Security Agent for the Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Security Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control.

  • Secured Cash Management Agreements and Secured Hedge Agreements Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

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