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

Exercise of the Right of Pledge. 8.1 Without the written consent of the Pledgee, no Pledgor may transfer its Equity in Party C. 8.2 The Pledgee may issue a Default Notice to the Pledgors at the time of exercising the Right of Pledge. 8.3 Subject to the provisions of Article 7.3, the Pledgee may exercise at the time of or at any time after issuing the Default Notice in accordance with Article 8.2 the right to implement the pledge. 8.4 The Pledgee may be paid in priority in accordance with legal procedures with the price at which all or part of the Equity pledged hereunder is transferred, auctioned or sold, until the Secured Debts under the Transaction Documents are fully offset. 8.5 When the Pledgee dispose of the pledge in accordance with this Agreement, the Pledgor and Party C shall render necessary assistance, so that the Pledgee may exercise the Right of Pledge pursuant to this Agreement.

Exercise of the Right of Pledge. 8.1 Without Before the Secured Debt is fully paid, no Pledgor may transfer its equity in Party C or re-pledge the equity to any third party without the written consent of the Pledgee, no Pledgor may transfer its Equity in Party C.. 8.2 The Pledgee may issue a Default Notice to the Pledgors at the time of exercising the Right of Pledge. 8.3 Subject to the provisions of Article 7.3, the Pledgee may exercise the Right of Pledge at the time of or at any time after issuing the Default Notice in accordance with Article 8.2 the right to implement the pledge7.2. 8.4 The Pledgee may be paid in priority in accordance with legal procedures with the price at which all or part of the Pledged Equity pledged hereunder is transferred, auctioned or sold, until the Secured Debts all outstanding payments and other amounts due under the Transaction Documents are fully offsetProgram Agreements have been paid up. 8.5 When the Pledgee dispose disposes of the pledge Right of Pledge in accordance with this Agreement, the Pledgor Pledgors and Party C shall render necessary assistance, so that the Pledgee may exercise the Right of Pledge pursuant to this Agreement.

Exercise of the Right of Pledge. ​ 8.1 Without the written consent of the Pledgee, no Pledgor may transfer its Equity in Party C. 8.2 The Pledgee may issue a Default Notice to the Pledgors at the time of exercising the Right of Pledge. 8.3 Subject to the provisions of Article 7.3, the Pledgee may exercise at the time of or at any time after issuing the Default Notice in accordance with Article 8.2 the right to implement the pledge. 8.4 The Pledgee may be paid in priority in accordance with legal procedures with the price at which all or part of the Equity pledged hereunder is transferred, auctioned or sold, until the Secured Debts under the Transaction Documents are fully offset. 8.5 When the Pledgee dispose of the pledge in accordance with this Agreement, the Pledgor and Party C shall render necessary assistance, so that the Pledgee may exercise the Right of Pledge pursuant to this Agreement.. ​