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

Exercise of the Right of Pledge. 8.1 Until full discharge and performance of all fees and obligations under the Agreements, the Xxxxxxx may not transfer the Equity without written approval of the Pledgee. 8.2 The Pledgee shall give the Xxxxxxx a Notice of Default, if it is to exercise the Right of Pledge. 8.3 Subject to Section 7.3 hereof, the Pledgee may exercise the Right of Pledge at the same time when it gives a Notice of Default or at any time after giving a Notice of Default under Section 7.3 hereof. 8.4 The Pledgee has the priority right to be paid, according to statutory procedures, with all or part of the pledged Equity at an evaluated value or with the proceeds derived from auction or sale of the pledged Equity to the full performance of the Agreements (including but not limited to full discharge of all debts and other amounts payable under the Agreements). 8.5 The Xxxxxxx shall not hinder, but shall give necessary assistance in, the Pledgee’s exercise of the Right of Pledge.

Exercise of the Right of Pledge. 8.1 Until full discharge and performance repayment of all fees and obligations the loans under the AgreementsLoan Agreement (Appendix 1), the Xxxxxxx may not transfer the Equity without written approval of the Pledgee. 8.2 The Pledgee shall give the Xxxxxxx a Notice of Default, if it is to exercise the Right of Pledge. 8.3 Subject to Section 7.3 hereof, the Pledgee may exercise the Right of Pledge at the same time when it gives a Notice of Default or at any time after giving a Notice of Default under Section 7.3 hereof. 8.4 The Pledgee has the priority right to be paid, according to statutory procedures, with all or part of the pledged Equity at an evaluated value or with the proceeds derived from auction or sale of the pledged Equity to the full performance repayment of the Agreements (including but not limited to full discharge of all debts loan and other amounts payable under the AgreementsLoan Agreement (Appendix 1). 8.5 The Xxxxxxx shall not hinder, but shall give necessary assistance in, the Pledgee’s exercise of the Right of Pledge.

Exercise of the Right of Pledge. 8.1 Until full discharge and performance repayment of all fees and obligations the loans under the AgreementsLoan Agreement (Appendix 1) and the Loan Agreement (Appendix 2), the Xxxxxxx may not transfer the Equity without written approval of the Pledgee. 8.2 The Pledgee shall give the Xxxxxxx a Notice of Default, if it is to exercise the Right of Pledge. 8.3 Subject to Section 7.3 hereof, the Pledgee may exercise the Right of Pledge at the same time when it gives a Notice of Default or at any time after giving a Notice of Default under Section 7.3 hereof. 8.4 The Pledgee has the priority right to be paid, according to statutory procedures, with all or part of the pledged Equity at an evaluated value or with the proceeds derived from auction or sale of the pledged Equity to the full performance repayment of the Agreements (including but not limited to full discharge of all debts loan and other amounts payable under the AgreementsLoan Agreement (Appendix 1) and the Loan Agreement (Appendix 2). 8.5 The Xxxxxxx shall not hinder, but shall give necessary assistance in, the Pledgee’s exercise of the Right of Pledge.