Physical Possession of Documents. 16.1 Party A shall deliverthe physical possession of the certificates of registration (original) of the pledge to Party B, provide the proper record relating tothe registration of such pledge to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC within thirty (30) business days as of the date of execution of this Agreement or an earlier time agreed upon by the parties. 16.2 If the subjects of the pledge change and such changes need to be registered or filed, Party A shall register or file or cause UKT Companyto register or file such changes within five (5) business days as of the day of change, and shall deliver relevant registration of change or filling documents to Party B. 16.3 During the term of the equity pledge, Party A shall instructUKT Company not to distribute any dividends, or adopt any profits distribution plans; if Party A shall be entitled to collect any interests other than distribution plansof dividends and profits, Party A shall instruct UKT Company to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirements, and Party A shall not use any money deposited into the bank account without the prior written consent of Party B. 16.4 During the term of equity pledge, if Party A subscribes new capital contribution or accepts an equity transfer (“Newly-added Equities”), the Newly-added Equities shall be automatically become Pledged Equities under this Agreement, and Party Ashall accomplish all the procedures with respect to the pledge of the Newly-added Equities within ten (10) business days after acquiring the Newly-added Equities. If Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to exercise the pledge right under this Agreement.
Appears in 4 contracts
Samples: Exclusive Purchase Option Agreement (Bison Petroleum, Corp.), Equity Pledge Agreement (Bison Petroleum, Corp.), Equity Pledge Agreement (Bison Petroleum, Corp.)
Physical Possession of Documents. 16.1 Party A shall deliverthe deliver the physical possession of the certificates of registration (original) of the pledge to Party B, provide the proper record relating tothe to the registration of such pledge to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC within thirty (30) business days as of the date of execution of this Agreement or an earlier time agreed upon by the parties.
16.2 If the subjects of the pledge change and such changes need to be registered or filed, Party A shall register or file or cause UKT Companyto Huashangjie Company to register or file such changes within five (5) business days as of the day of change, and shall deliver relevant registration of change or filling documents to Party B.
16.3 During the term of the equity pledge, Party A shall instructUKT instruct Huashangjie Company not to distribute any dividends, or adopt any profits distribution plans; if Party A shall be entitled to collect any interests other than distribution plansof plans of dividends and profits, Party A shall instruct UKT Huashangjie Company to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirements, and Party A shall not use any money deposited into the bank account without the prior written consent of Party B.
16.4 During the term of equity pledge, if Party A subscribes new capital contribution or accepts an equity transfer (“Newly-added Equities”), the Newly-added Equities shall be automatically become Pledged Equities under this Agreement, and Party Ashall A shall accomplish all the procedures with respect to the pledge of the Newly-added Equities within ten (10) business days after acquiring the Newly-added Equities. If Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to exercise the pledge right under this Agreement.
Appears in 2 contracts
Samples: Equity Pledge Agreement (Bison Petroleum, Corp.), Equity Pledge Agreement (Bison Petroleum, Corp.)
Physical Possession of Documents. 16.1 Party A shall deliverthe deliver the physical possession of the certificates of registration (original) of the pledge to Party B, provide the proper record relating tothe to the registration of such pledge to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC within thirty (30) business days as of the date of execution of this Agreement or an earlier time agreed upon by the parties.
16.2 If the subjects of the pledge change and such changes need to be registered or filed, Party A shall register or file or cause UKT Companyto Company to register or file such changes within five (5) business days as of the day of change, and shall deliver relevant registration of change or filling documents to Party B.
16.3 During the term of the equity pledge, Party A shall instructUKT instruct UKT Company not to distribute any dividends, or adopt any profits distribution plans; if Party A shall be entitled to collect any interests other than distribution plansof plans of dividends and profits, Party A shall instruct UKT Company to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirements, and Party A shall not use any money deposited into the bank account without the prior written consent of Party B.
16.4 During the term of equity pledge, if Party A subscribes new capital contribution or accepts an equity transfer (“Newly-added Equities”), the Newly-added Equities shall be automatically become Pledged Equities under this Agreement, and Party Ashall A shall accomplish all the procedures with respect to the pledge of the Newly-added Equities within ten (10) business days after acquiring the Newly-added Equities. If Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to exercise the pledge right under this Agreement.
Appears in 2 contracts
Samples: Equity Pledge Agreement (Bison Petroleum, Corp.), Equity Pledge Agreement (Bison Petroleum, Corp.)
Physical Possession of Documents. 16.1 Party A shall deliverthe physical possession of the certificates of registration (original) of the pledge to Party B, provide the proper record relating tothe registration of such pledge to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC within thirty (30) business days as of the date of execution of this Agreement or an earlier time agreed upon by the parties.
16.2 If the subjects of the pledge change and such changes need to be registered or filed, Party A shall register or file or cause UKT Huashangjie Companyto register or file such changes within five (5) business days as of the day of change, and shall deliver relevant registration of change or filling documents to Party B.
16.3 During the term of the equity pledge, Party A shall instructUKT instructHuashangjie Company not to distribute any dividends, or adopt any profits distribution plans; if Party A shall be entitled to collect any interests other than distribution plansof dividends and profits, Party A shall instruct UKT Huashangjie Company to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirements, and Party A shall not use any money deposited into the bank account without the prior written consent of Party B.
16.4 During the term of equity pledge, if Party A subscribes new capital contribution or accepts an equity transfer (“Newly-added Equities”), the Newly-added Equities shall be automatically become Pledged Equities under this Agreement, and Party Ashall accomplish all the procedures with respect to the pledge of the Newly-added Equities within ten (10) business days after acquiring the Newly-added Equities. If Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to exercise the pledge right under this Agreement.
Appears in 2 contracts
Samples: Equity Pledge Agreement (Bison Petroleum, Corp.), Equity Pledge Agreement (Bison Petroleum, Corp.)
Physical Possession of Documents. 16.1 Party A shall deliverthe deliver the physical possession of the certificates of registration (original) of the pledge to Party B, provide the proper record relating tothe to the registration of such pledge to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC within thirty (30) business days as of the date of execution of this Agreement or an earlier time agreed upon by the parties.
16.2 If the subjects of the pledge change and such changes need to be registered or filed, Party A shall register or file or cause UKT Companyto Jinxin Company to register or file such changes within five (5) business days as of the day of change, and shall deliver relevant registration of change or filling documents to Party B.
16.3 During the term of the equity pledge, Party A shall instructUKT instruct Jinxin Company not to distribute any dividends, or adopt any profits distribution plans; if Party A shall be entitled to collect any interests other than distribution plansof plans of dividends and profits, Party A shall instruct UKT Jinxin Company to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirements, and Party A shall not use any money deposited into the bank account without the prior written consent of Party B.
16.4 During the term of equity pledge, if Party A subscribes new capital contribution or accepts an equity transfer (“Newly-added Equities”), the Newly-added Equities shall be automatically become Pledged Equities under this Agreement, and Party Ashall A shall accomplish all the procedures with respect to the pledge of the Newly-added Equities within ten (10) business days after acquiring the Newly-added Equities. If Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to exercise the pledge right under this Agreement.
Appears in 2 contracts
Samples: Equity Pledge Agreement (UHF Inc), Equity Pledge Agreement (Target Acquisitions I, Inc.)
Physical Possession of Documents. 16.1 Party A shall deliverthe deliver the physical possession of the certificates of registration (original) of the pledge equities to Party B, provide the proper record relating tothe to the registration of such pledge to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC within thirty (30) business days as of the date of execution of this Agreement or an earlier time agreed upon by the parties.
16.2 If the subjects of the pledge change and such changes need to be registered or filed, Party A shall register or file or cause UKT Companyto Shenzhen Company to register or file such changes within five (5) business days as of the day of change, and shall deliver relevant registration of change or filling documents to Party B.
16.3 During the term of the equity pledge, Party A shall instructUKT instruct Shenzhen Company not to distribute any dividends, or adopt any profits distribution plansplans other than distributions made to Party B; if Party A shall be entitled to collect any interests other than distribution plansof plans of dividends and profits, Party A shall instruct UKT Shenzhen Company to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirements, and Party A shall not use any money deposited into the bank account without the prior written consent of Party B.
16.4 During the term of equity pledge, if Party A subscribes new capital contribution contributions to Shenzhen Company or accepts an equity transfer of Shenzhen Company (“Newly-added Equities”), the Newly-added Equities shall be automatically become Pledged Equities under this Agreement, and Party Ashall A shall accomplish all the procedures with respect to the pledge of the Newly-added Equities within ten (10) business days after acquiring the Newly-added Equities. If Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to exercise the pledge right under this Agreement.
Appears in 2 contracts
Samples: Equity Pledge Agreement, Equity Pledge Agreement (Adamant Dri Processing & Minerals Group)
Physical Possession of Documents. 16.1 Party A shall deliverthe physical possession of the certificates of registration (original) of the pledge to Party B, provide the proper record relating tothe registration of such pledge to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC within thirty (30) business days as of the date of execution of this Agreement or an earlier time agreed upon by the parties.
16.2 If the subjects of the pledge change and such changes need to be registered or filed, Party A shall register or file or cause UKT Qianxian Companyto register or file such changes within five (5) business days as of the day of change, and shall deliver relevant registration of change or filling documents to Party B.
16.3 During the term of the equity pledge, Party A shall instructUKT instructQianxian Company not to distribute any dividends, or adopt any profits distribution plans; if Party A shall be entitled to collect any interests other than distribution plansof dividends and profits, Party A shall instruct UKT Qianxian Company to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirements, and Party A shall not use any money deposited into the bank account without the prior written consent of Party B.
16.4 During the term of equity pledge, if Party A subscribes new capital contribution or accepts an equity transfer (“Newly-added Equities”), the Newly-added Equities shall be automatically become Pledged Equities under this Agreement, and Party Ashall accomplish all the procedures with respect to the pledge of the Newly-added Equities within ten (10) business days after acquiring the Newly-added Equities. If Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to exercise the pledge right under this Agreement.
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Physical Possession of Documents. 16.1 Party A 4.1 The Pledgor shall deliverthe deliver the physical possession of the certificates Certificate of registration Distribution (original) of the pledge Company to Party BA, and submit certification of having pledged appropriate registered in the stock transfer books to Party A, go through all the approval and registration procedures with the Laws in the PRC, and provide the testify of the proper record relating tothe registration of such pledge on the shareholders’ register of the Company to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC A within thirty (30ten(10) business days as of the date of execution conclusion of this Agreement or an earlier time that be unanimously agreed upon by the partiesParties.
16.2 4.2 If any changes occurs to the subjects of recorded items under the pledge change and such changes need to Pledge, it shall be registered or filedin accordance with the Law, Party A and Party B shall register or file or cause UKT Companyto register or file such changes make corresponding record within five (5) business working days as of the day of such change, and shall deliver relevant registration of change or filling documents to Party B.provide the relative record documents.
16.3 4.3 During the term of the equity pledgePledge, Party A the Pledgors shall instructUKT inform the Company not to distribute any dividendsdividend and bonus, or adopt any profits profit distribution plansplan; if Party A shall be If the Pledgor is entitled to collect any interests economical interest except for dividend, bonus or other than distribution plansof dividends and profitsplan of profit, Party A it shall instruct UKT inform the Company remit such economical interest (after liquidation) to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirementsA, and Party A shall not use any money deposited into the bank account utilize it without the prior written consent of from Party B.A.
16.4 4.4 During the term of equity pledgethe Pledge, if Party A subscribes the Pledgors subscribe for the new register capital contribution of the Company or accepts an purchase the equity transfer interests in other pledgor (the “Newly-added Equitiesnew shares”), the Newly-added Equities new shares shall be automatically become Pledged Equities under this Agreement, and Party Ashall accomplish the equity shares pledged automatically. The pledgor shall go through all the procedures with respect to for creating pledge on the pledge of the Newly-added Equities new shares within ten (10) business days after 10)days of acquiring the Newly-added Equitiessuch shares. If the Pledgors fail to accomplish such procedures in accordance with the preceding provisions, Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to be entitled promptly exercise the pledge right Pledge pursuant to Article 8 under this Agreement.
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Physical Possession of Documents. 16.1 Party A 4.1 During the term of Pledge under this Agreement, the Pledgor shall deliverthe deliver the physical possession of the certificates Certificate of registration Distribution (original) of the pledge Company to Party BA, go through all the approval and registration procedures with the LAWs in the PRC, and provide the testify of the proper record relating tothe registration of such pledge on the shareholders’ register of the Company to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC A within thirty (30ten(10) business days as of the date of execution conclusion of this Agreement or an earlier time that be unanimously agreed upon by the partiesParties.
16.2 4.2 If any changes occurs to the subjects of recorded items under the pledge change and such changes need to Pledge, it shall be registered or filedin accordance with the Law, Party A and Party B shall register or file or cause UKT Companyto register or file such changes make corresponding record within five (5) business working days as of the day of such change, and shall deliver relevant registration of change or filling documents to Party B.provide the relative record documents.
16.3 4.3 During the term of the equity pledgePledge, Party A the Pledgors shall instructUKT inform the Company not to distribute any dividendsdividend and bonus, or adopt any profits profit distribution plansplan; if Party A shall be If the Pledgor is entitled to collect any interests economical interest except for dividend, bonus or other than distribution plansof dividends and profitsplan of profit, Party A it shall instruct UKT inform the Company remit such economical interest (after liquidation) to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirementsA, and Party A shall not use any money deposited into the bank account utilize it without the prior written consent of from Party B.A.
16.4 4.4 During the term of equity pledgethe Pledge, if Party A subscribes the Pledgors subscribe for the new register capital contribution of the Company or accepts an purchase the equity transfer interests in other pledgor (the “Newly-added Equitiesnew shares”), the Newly-added Equities new shares shall be automatically become Pledged Equities under this Agreement, and Party Ashall accomplish the equity shares pledged automatically. The pledgors shall go through all the procedures with respect to for creating pledge on the pledge of the Newly-added Equities new shares within ten (10) business days after of acquiring the Newly-added Equitiessuch shares. If the Pledgors fail to accomplish such procedures in accordance with the preceding provisions, Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to be entitled promptly exercise the pledge right Pledge pursuant to Article 8 under this Agreement.
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Physical Possession of Documents. 16.1 Party A 4.1 The Pledgor shall deliverthe deliver the physical possession of the certificates Certificate of registration Distribution (original) of the pledge Company to Party BA, submit certification of having pledged appropriate registered in the stock transfer books to Party A, go through all the approval and registration procedures with the Laws in the PRC, and provide the testify of the proper record relating tothe registration of such pledge on the shareholders’ register of the Company to Party B, and transact various approval and examination, registration and filling procedures required by the laws of the PRC A within thirty (30ten(10) business days as of the date of execution conclusion of this Agreement or an earlier time that be unanimously agreed upon by the partiesParties.
16.2 4.2 If any changes occurs to the subjects of recorded items under the pledge change and such changes need to Pledge, it shall be registered or filedin accordance with the Law, Party A and Party B shall register or file or cause UKT Companyto register or file such changes make corresponding record within five (5) business working days as of the day of such change, and shall deliver relevant registration of change or filling documents to Party B.provide the relative record documents.
16.3 4.3 During the term of the equity pledgePledge, Party A the Pledgors shall instructUKT inform the Company not to distribute any dividendsdividend and bonus, or adopt any profits profit distribution plansplan; if Party A shall be If the Pledgor is entitled to collect any interests economical interest except for dividend, bonus or other than distribution plansof dividends and profitsplan of profit, Party A it shall instruct UKT inform the Company remit such economical interest (after liquidation) to transform such interests into cash and pay such interests into the bank account designated by Party B in accordance with Party B’s requirementsA, and Party A shall not use any money deposited into the bank account utilize it without the prior written consent of from Party B.A.
16.4 4.4 During the term of equity pledgethe Pledge, if Party A subscribes the Pledgors subscribe for the new register capital contribution of the Company or accepts an purchase the equity transfer interests in other pledgor (the “Newly-added Equitiesnew shares”), the Newly-added Equities new shares shall be automatically become Pledged Equities under this Agreement, and Party Ashall accomplish the equity shares pledged automatically. The pledgor shall go through all the procedures with respect to for creating pledge on the pledge of the Newly-added Equities new shares within ten (10) business days after 10)days of acquiring the Newly-added Equitiessuch shares. If the Pledgors fail to accomplish such procedures in accordance with the preceding provisions, Party A fails to accomplish the relevant procedures as specified in this Section 16, Party B shall have the right to be entitled promptly exercise the pledge right Pledge pursuant to Article 8 under this Agreement.
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