Common use of Exercise of the Right of Pledge Clause in Contracts

Exercise of the Right of Pledge. 8.1 Party B shall not transfer or assign the Equity Interest without prior written approval from Party A prior to the full repayment of the Consulting Fees under the Service Agreement. 8.2 Party A shall give Notice of Default to Party B when Party A exercises its right to foreclose on the Pledge. 8.3 Subject to Article 7.3, Party A may exercise the right to foreclose on the Pledge at any time provided Party A gives the Notice of Default pursuant to Article 7.3. 8.4 Party A is entitled to have priority in receiving payment or proceeds from the auction or sale of all or part of the Equity Interest pledged herein in accordance with applicable law until the Consulting Fees and all other payables under the Service Agreement are repaid. 8.5 Party B shall not hinder Party A from foreclosing on the Pledge in accordance with this Agreement and shall give necessary assistance so that Party A may effectively realize the value of the Pledge.

Exercise of the Right of Pledge. 8.1 Prior to the full satisfaction by Party C of its obligations under the Service Agreement, including without limitations the full payment of the Consulting Fee, Party B shall not transfer or assign the Equity Interest without prior written approval from Party A prior to the full repayment of the Consulting Fees under the Service Agreement.A. 8.2 Party A shall give Notice of Default to Party B when Party A exercises its right to foreclose on the Pledge. 8.3 Subject to Article 7.3, Party A may exercise the right to foreclose on the Pledge at any time provided Party A gives the Notice of Default pursuant to Article 7.3. 8.4 Party A is entitled to have priority in receiving payment or proceeds from the auction or sale of all or part of the Equity Interest pledged herein in accordance with applicable law until the Consulting Fees Fee and all other payables under the Service Agreement are repaidfully paid. 8.5 Party B shall not hinder Party A from foreclosing on the Pledge in accordance with this Agreement and shall give necessary assistance so that Party A may effectively realize the value of the PledgeEquity Interest.