Common use of Exercise of Pledge Clause in Contracts

Exercise of Pledge. 8.1 Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation Agreement, without Pledgee's written consent, Pledgor shall not assign the Pledge or the Equity Interest in Party C. 8.2 Pledgee shall issue a Notice of Default to Pledgor when exercising the Pledge. 8.3 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with the issuance of the Notice of Default in accordance with Section 8.2 or at any time after the issuance of the Notice of Default. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, to the extent permitted and in accordance with applicable laws, without obligation to account to Pledgor for proceeds of disposition and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation AgreementControl Agreements, without the Pledgee's ’s written consent, Pledgor shall not assign the Pledge or the Equity Interest in Party C.Intelligent Technology. 8.2 Pledgee shall may issue a Notice of Default written notice to Pledgor when exercising the Pledge. 8.3 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with at any time after the issuance of the Notice of Default in accordance with Section 8.2 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or at any time after interests associated with the issuance of the Notice of DefaultEquity Interest. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, in accordance with applicable PRC laws. Only to the extent permitted and in accordance with under applicable PRC laws, without Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C Intelligent Technology shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation AgreementControl Agreements, without the Pledgee's ’s written consent, Pledgor shall not assign the Pledge or the Equity Interest in Party C. 8.2 Pledgee shall may issue a Notice of Default written notice to Pledgor when exercising the Pledge. 8.3 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with at any time after the issuance of the Notice of Default in accordance with Section 8.2 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or at any time after interests associated with the issuance of the Notice of DefaultEquity Interest. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, in accordance with applicable PRC laws. Only to the extent permitted and in accordance with under applicable PRC laws, without Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 8.1. Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation AgreementControl Agreements, without the Pledgee's ’s written consent, Pledgor shall not assign the Pledge or transfer the Equity Interest in Party C. 8.2 8.2. Pledgee shall may issue a Notice of Default written notice to Pledgor when exercising the Pledge. 8.3 8.3. Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with at any time after the issuance of the Notice of Default in accordance with Section 8.2 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or at any time after interests associated with the issuance of Equity Interest. 8.4. In the Notice Event of Default. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, in accordance with applicable PRC laws. Only to the extent permitted and in accordance with under applicable PRC laws, without Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 8.5. When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 8.1. Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation AgreementControl Agreements, without the Pledgee's written consent, Pledgor shall not assign the Pledge or the Equity Interest in Party C. 8.2 8.2. Pledgee shall may issue a Notice of Default written notice to Pledgor when exercising the Pledge. 8.3 8.3. Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with at any time after the issuance of the Notice of Default in accordance with Section 8.2 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or at any time after interests associated with the issuance of Equity Interest. 8.4. In the Notice Event of Default. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, in accordance with applicable PRC laws. Only to the extent permitted and in accordance with under applicable PRC laws, without Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 8.5. When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation Agreement and the loan described in the Loan Agreement, without the Pledgee's written consent, Pledgor shall not assign the Pledge or the Equity Interest in Party C. 8.2 Pledgee shall may issue a Notice of Default to Pledgor when exercising the Pledge. 8.3 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with the issuance of the Notice of Default in accordance with Section 8.2 or at any time after the issuance of the Notice of Default. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, to the extent permitted and in accordance with applicable laws, without obligation to account to Pledgor for proceeds of disposition and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under in such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 8.1. Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation AgreementControl Agreements, without the Pledgee's ’s written consent, Pledgor shall not assign the Pledge or transfer the Equity Interest in Party C. 8.2 8.2. Pledgee shall may but is not required to, issue a Notice of Default written notice to Pledgor when exercising the Pledge. 8.3 8.3. Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with at any time after the issuance of the Notice of Default in accordance with Section 8.2 7.3. Once Pledgee elects to enforce the Pledge, such Pledgor shall cease to be entitled to any rights or at any time after interests associated with the issuance of Equity Interest. 8.4. In the Notice Event of Default. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, in accordance with applicable PRC laws. Only to the extent permitted and in accordance with under applicable PRC laws, without Pledgee has no obligation to account to any of Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 8.5. When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation AgreementControl Agreements, without the Pledgee's ’s written consent, Pledgor shall not assign the Pledge or the Equity Interest in Party C. 8.2 Pledgee shall may issue a Notice of Default written notice to Pledgor when exercising the Pledge. 8.3 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with at any time after the issuance of the Notice of Default in accordance with Section 8.2 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or at any time after interests associated with the issuance of the Notice of DefaultEquity Interest. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, in accordance with applicable PRC laws. Only to the extent permitted and in accordance with under applicable PRC laws, without Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, ​ Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.

Exercise of Pledge. 8.1 Prior to the full payment of the consulting and service fees described in the Exclusive Business Cooperation AgreementControl Agreements, without the Pledgee's written consent, Pledgor shall not assign the Pledge or the Equity Interest in Party C. 8.2 Pledgee shall may issue a Notice of Default written notice to Pledgor when exercising the Pledge. 8.3 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with at any time after the issuance of the Notice of Default in accordance with Section 8.2 7.3. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or at any time after interests associated with the issuance of the Notice of DefaultEquity Interest. 8.4 In the event of default, Pledgee is entitled to dispose of the Equity Interest pledged, in accordance with applicable PRC laws. Only to the extent permitted and in accordance with under applicable PRC laws, without Pledgee has no obligation to account to Pledgor for proceeds of disposition of the Equity Interest, and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, under such circumstance Pledgor shall have no obligation to Pledgee for any deficiency remaining after such disposition of the Equity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement.