Obligations of the Pledgor. The Pledgor further represents, warrants and covenants to the Secured Party that:
Obligations of the Pledgor. The Pledgor further represents, warrants and covenants to the Noteholders that:
Obligations of the Pledgor. (I) The pledgor shall open a deposit account in the transacting branch of the pledgee within 5 days after signing of this contract. All share dividend and bonus of pledge object under this contract shall be deposited in this account since the signing day. The pledgor is not allowed to employ the capital in this account without prior written consent from the pledgee.
Obligations of the Pledgor. To cause the business and operations of Newco One and Newco Two to be conducted in a manner consistent with the Guaranty and to cause Newco One and Newco Two to refrain from any conduct inconsistent with the Guaranty. Privileges of the Pledgor. Pledgor shall be entitled to vote the Shares so long as there has not been a default under the Guaranty. Covenants of the Pledgor. Substantially similar to those made in the Guaranty. Release provisions. Upon satisfaction and discharge of all assumed liabilities under the FFCA Loan Agreements, the Shares shall be released. If there is a public offering of capital stock of Newco One and/or Newco Two, which includes some (but not all) of the Shares, and no default under the Guaranty exists either immediately before, or immediately after, such public offering, the proceeds of sale of the Shares shall be released from the lien of the pledge to the extent that such proceeds exceed the value of the Shares that remain subject to the pledge if such remaining shares then have an aggregate book value at least equal to 150% of the aggregate book value of all Shares that were subject to the pledge immediately prior to the public offering. Upon satisfaction and discharge of all assumed liabilities under the FFCA Loan Agreements, the pledged assets shall be released from the pledge.
Obligations of the Pledgor. (i) During the period when the pledge hereunder validly exists, except for the stipulations herein, the Pledgor undertakes not to, without obtaining the written approval of the Pledgee, create in any way any further pledge or other security interests over the pledged accounts receivable and the underlying movable or immovable property for the benefit of any third party other than the Pledgee.
Obligations of the Pledgor. Whenever required under this Pledge Agreement to effect the registration of any Pledged Securities, the Pledgor shall, as expeditiously as reasonably possible:
Obligations of the Pledgor. 14.1 In spite of the pledge created under this Agreement, the Pledgor shall obey and fulfill all the obligations in relation to the pledged property, including but not limited to all the obligations in the purchase contract of the pledged goods and/or substitutes, the subsequent complementary agreements, the relevant insurance policies of the pledged goods/substitutes and Management Contract of Securities.
Obligations of the Pledgor. The Pledgor shall:
Obligations of the Pledgor. 5.1 Without the permission of the Pledgee in written form, the Pledgor is not to apply for loss of the Deposit Certificate; the Pledgor is not to dispose of the Deposit Certificate by transfer, presenting, pledge or other way, or withdraw deposited capital and interest under items of the Deposit Certificate.
