Common use of Equity Pledge Clause in Contracts

Equity Pledge. 2.1 The Pledgors hereby agree to pledge, in accordance with the terms of this Agreement, their lawfully owned and disposable equity interests aggregately constituting 100% of the Company’s equity interests, to the Pledgee as joint and several security for the performance of the Contractual Obligations and the repayment of the Secured Indebtedness by the Pledgors and the Company.

Equity Pledge. 2.1 The Pledgors hereby agree to pledge, in accordance with the terms of this Agreement, their lawfully owned and disposable equity interests aggregately constituting 100% in favor of the Company’s equity interests, to the Pledgee as joint and several the security for the performance of the Contractual Obligations and the repayment of the Secured Indebtedness by Indebtedness. The Company hereby agrees that Pledgors pledge the Pledgors and Pledged Equities in favor of the CompanyPledgee in accordance with the terms of this Agreement.