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

Exercise of the Right of Pledge. 7.1 The Pledgor shall not transfer the Pledged Equity Interest before his obligations under the Loan Agreement have been fully performed and without the prior written consent of the Pledgee. 7.2 The Pledgee shall give a notice to the Pledgor when the Pledgee exercises the Right of Pledge. 7.3 Subject to Article 6.3, the Pledgee may exercise the Right of Pledge when it gives a Notice of Default in accordance with Article 6.3 or at any time thereafter. 7.4 The Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from auction or sale of, all or part of the equity interest hereunder in accordance with statutory procedures until the outstanding debts and all other payables of the Pledgor under the Loan Agreement are repaid. 7.5 When the Pledgee disposes of the Right of Pledge in accordance with this Agreement, the Pledgor shall not pose any obstacles, and shall give necessary assistance in this regard so that the Pledgee can realize its Right of Pledge.

Exercise of the Right of Pledge. 7.1 8.1 The Pledgor shall not transfer the Pledged Equity Interest before his obligations under the Loan Agreement have been fully performed and without the prior written consent of the Pledgee. 7.2 8.2 The Pledgee shall give a notice to the Pledgor when the Pledgee exercises the Right of Pledge. 7.3 8.3 Subject to Article 6.37.3, the Pledgee may exercise the Right of Pledge when it gives a Notice of Default in accordance with Article 6.3 7.3 or at any time thereafter. 7.4 8.4 The Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from auction or sale of, all or part of the equity interest hereunder in accordance with statutory procedures until the outstanding debts and all other payables of the Pledgor under the Loan Agreement are repaid. 7.5 8.5 When the Pledgee disposes of the Right of Pledge in accordance with this Agreement, the Pledgor shall not pose any obstacles, and shall give necessary assistance in this regard so that the Pledgee can realize its Right of Pledge.

Exercise of the Right of Pledge. 7.1 8.1 The Pledgor shall not transfer or assign the Pledged pledged Equity Interest before his obligations under the Loan Agreement have been fully performed and without the prior written consent of the Pledgee. 7.2 8.2 The Pledgee shall give a notice Notice of Default to the Pledgor when the Pledgee exercises the Right of Pledge. 7.3 8.3 Subject to Article 6.37.3, the Pledgee may exercise the right to dispose of the Right of Pledge when it gives a Notice of Default in accordance with Article 6.3 7.3 or at any time thereafter. 7.4 8.4 The Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from auction or sale of, all or part of the equity interest Equity Interest hereunder in accordance with statutory procedures until the outstanding debts and all other payables of the Pledgor under the Loan Agreement are repaid. 7.5 8.5 When the Pledgee disposes of the Right of Pledge in accordance with this Agreement, the Pledgor shall not pose any obstacles, and shall give necessary assistance in this regard so that the Pledgee can realize its Right of Pledge.

Exercise of the Right of Pledge. 7.1 8.1 The Pledgor shall not transfer or assign the Pledged pledged Equity Interest before his obligations under the Loan Agreement have been fully performed and without the prior written consent of the Pledgee. 7.2 8.2 The Pledgee shall give a notice Notice of Default to the Pledgor when the Pledgee exercises the Right of Pledge. 7.3 8.3 Subject to Article 6.37.3, the Pledgee may exercise the right to dispose of the Right of Pledge when it gives a Notice of Default in accordance with Article 6.3 7.3 or at any time thereafter. 7.4 8.4 The Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from auction or sale of, all or part of the equity interest Equity Interest hereunder in accordance with statutory procedures until the outstanding debts and all other payables of the Pledgor under the Loan Agreement are repaid. 7.5 8.5 When the Pledgee disposes of the Right of Pledge in accordance with this Agreement, the Pledgor shall not pose any obstacles, and shall give necessary assistance in this regard so that the Pledgee can realize its Right of Pledge.