Pledge of Equity. 1.1 In order to guarantee UKT Company,all the shareholders of UKT Company(“Shareholders” )and other related responsible parties to perform all obligations and liabilities under the Onshore Agreements, Party A agrees to pledge the Pledged Equities (as defined in Section 4 herein) under this Agreement to Party B pursuant to the terms and conditions of this Agreement, and Party B agrees to accept the above equity pledge, and have priority right to the proceeds from the conversion, auction, or sale of the Pledged Equities.
1.2 The pledge under this Agreement includes the rights owned by Party B to collect the fees (including legal fees), expenses, interests, losses, liquidated damages and compensations thatUKT Companyand/or the Shareholders shall pay under the Onshore Agreements, and civil liabilities that UKT Companyand/or the Shareholders shall bear in case the Onshore Agreements wholly or partially become null and void due to any reason.
1.3 Unless consent in writing by Party B, after the execution of this Agreement, the pledge under this Agreement willbe terminated only when UKT Company and the Shareholders have performed all the obligations and liabilities under the Onshore Agreements and Party B confirms such fulfillmentin writing.If UKT Company or the Shareholders have not fully performed all or part of its or their obligations or liabilities under the Onshore Agreements at the expiration of such agreements, Party B will maintain the pledge hereunder up to the date when all such obligations and liabilities are fully performed.
Pledge of Equity. 1.1 In order to guarantee Huashangjie Company, all the shareholders of Huashangjie Company (“Shareholders” )and other related responsible parties to perform all obligations and liabilities under the Onshore Agreements, Party A agrees to pledge the Pledged Equities (as defined in Section 4 herein) under this Agreement to Party B pursuant to the terms and conditions of this Agreement, and Party B agrees to accept the above equity pledge, and have priority right to the proceeds from the conversion, auction, or sale of the Pledged Equities.
1.2 The pledge under this Agreement includes the rights owned by Party B to collect the fees (including legal fees), expenses, interests, losses, liquidated damages and compensations that Huashangjie Company and/or the Shareholders shall pay under the Onshore Agreements, and civil liabilities that Huashangjie Company and/or the Shareholders shall bear in case the Onshore Agreements wholly or partially become null and void due to any reason.
1.3 Unless consent in writing by Party B, after the execution of this Agreement, the pledge under this Agreement will be terminated only when Huashangjie Company and the Shareholders have performed all the obligations and liabilities under the Onshore Agreements and Party B confirms such fulfillment in writing. If Huashangjie Company or the Shareholders have not fully performed all or part of its or their obligations or liabilities under the Onshore Agreements at the expiration of such agreements, Party B will maintain the pledge hereunder up to the date when all such obligations and liabilities are fully performed.
Pledge of Equity. 1.1 In order to guarantee that Shenzhen Company and Party A and other related responsible parties perform all obligations and liabilities under the Onshore Agreements, Party A pledges the Pledged Equities (as defined in Section 4 herein) under this Agreement to Party B, including Adamant and China Tongda, pursuant to the terms and conditions of this Agreement, and Party B agrees to accept the above equity pledge, and have priority right to the proceeds from the conversion, auction, or sale of the Pledged Equities.
1.2 The pledge under this Agreement includes the rights owned by Party B, including Adamant and China Tongda, to collect the fees (including legal fees), expenses, interests, losses, liquidated damages and compensations that Shenzhen Company and/or Party A shall pay under the Onshore Agreements, and civil liabilities that Shenzhen Company and/or Party A shall bear in case the Onshore Agreements wholly or partially become null and void due to any reason.
1.3 Unless consented to in writing by Party B, after the execution of this Agreement, the pledge under this Agreement will be terminated only when Shenzhen Company and Party A have performed all the obligations and liabilities under the Onshore Agreements and Party B confirms such fulfillment in writing. If Shenzhen Company or Party A have not fully performed all or part of its or their obligations or liabilities under the Onshore Agreements at the expiration of such agreements, Party B will maintain the pledge hereunder up to the date when all such obligations and liabilities are fully performed.
Pledge of Equity. A pledge by MCFC of its equity interest in each of the Borrowers as more fully set forth in the GCA.
Pledge of Equity. 3.1. Party B and Party C agree to pledge their respective equity interest to Party A as a guarantee for the Loan. The guaranty scope of pledged equity under this Agreement covers the principal amounts of the Loan, interests, compensation for breach of contract and expenses incurred in enforcing the right of pledge.
3.2. The Parties agree that the pledge under this Agreement shall become effective on the date when equity pledge is registered in Sichuan Time Share’s register of shareholders, and shall be terminated after the guaranteed payment obligations are fully performed or waived by Party A.
3.3. Within the term of the pledge, without prior written consent of Party A, Party B and/or Party C shall not jointly or severally transfer or decrease their equity interest in Sichuan Time Share, and not transfer equity interest between each other. Party A could transfer its rights under this Agreement to any third party.
3.4. Without the prior written consent of Party A, Party B and Party C shall not surrender any rights in connection with the pledged equity.
3.5. Without the prior written consent of Party A, within the term of the pledge, Party B and/or Party C shall not create any mortgage, pledge or any other security interest or right encumbrance on the pledged equity other than the call option granted to Party A by Party B and/or Party C.
Pledge of Equity. Subject to the applicable Pledge Agreement, Guarantor agrees that, so long as any of the Guaranteed Obligations remain outstanding, except in the case of a Borrower that has been released from the Guaranteed Obligations in connection with any party’s prepayment thereof in accordance with the terms of the Loan Documents and is no longer a Borrower thereunder, Guarantor shall remain the owner (either directly or through one of its Subsidiaries) of all of the issued and outstanding the equity in each Borrower. Without the prior written consent of Administrative Agent, Guarantor shall not assign, sell, convey, gift, transfer, pledge, hypothecate, grant a security interest in, encumber or in any other manner permit any lien (other than Permitted Liens) to exist in or on, all or any portion of the equity in or of any Borrower.
Pledge of Equity. Subject to the applicable Pledge Agreement, Guarantor agrees that, so long as any of the Guaranteed Obligations remain outstanding, Guarantor shall remain the owner (either directly or through one of its Subsidiaries) of all of the issued and outstanding equity in each Borrower. Without the prior written consent of Administrative Agent, Guarantor shall not assign, sell, convey, gift, transfer, pledge, hypothecate, grant a security interest in, encumber or in any other manner permit any lien (other than Permitted Liens) to exist in or on, all or any portion of the equity in or of any Borrower, except for those pledges to the Omega Senior Lessor in effect on the date hereof.
Pledge of Equity. 2.1 The Pledgors hereby exclusively, irrevocably and unconditionally agree to create a pledge in favor of the Pledgee over the Pledged Equity according to the provisions of this Agreement, as the security for repayment of the Secured Debts by the Pledgors. The Company hereby agrees to the Pledgors’ creation of the above pledge according to the provisions of this Agreement.
2.2 The Pledgors undertake to procure the equity interest pledge arrangement hereunder (“Equity Pledge”) to be recorded on the register of shareholders of the Company on the Execution Date, promptly complete the registration of the Equity Pledge with the market regulation administration having jurisdiction over the Company within 30 working days after the Execution Date, and provide the Pledgee with the certificate evidencing that they have completed the registration of the Equity Pledge with the market regulation administration within 60 working days after the Execution Date. The Company undertakes to use its best efforts to cooperate with the Pledgors to complete the above registration. The Equity Pledge will be created when it is registered with the market regulation administration having jurisdiction over the Company. The Pledgors shall provide the Pledgee with the certificates evidencing that the Equity Pledge is entered into the Company’s register of shareholders and registered with the market regulation administration in the form satisfactory to the Pledgee.
2.3 The Pledgee has the first-rank security interest over the Pledged Equity. When any Breaching Evet occurs, the Pledgee has the right to dispose of the Pledged Equity according to the provisions of Article 3 hereof.
2.4 Any additional capital contribution of the Pledgors made to the registered capital of the Company due to capital increase of the Company during the term hereof shall be part of the Pledged Equity. If the Pledged Equity changes due to any capital increase, the Pledgors undertake to enter the Equity Pledge arrangement after such change in the Company’s register of shareholders on the date of such change, and go through relevant change of registration with the market regulation administration having jurisdiction over the Company within 30 working days after the equity change.
Pledge of Equity. Notwithstanding any other provisions hereof, Xxxxxxx Properties, L.P. (“O.P.”) shall have the right to, and may, pledge its equity (i.e., its membership interests) in each Borrower to secure (a) a loan facility or loan facilities to the O.P. or its Affiliates from a group of lenders for which Credit Suisse First Boston will act as initial administrative and collateral agent and (b) related hedging arrangements without Xxxxxx's consent provided that in connection therewith, O.P. pledges, directly or indirectly, its equity in substantially all of the property owning subsidiaries in which it holds an equity interest and provided further that any foreclosure of such pledge shall constitute a Transfer and the holder of such pledge shall be required to comply with any applicable provisions of this Security Instrument.
Pledge of Equity. Without the unanimous consent of the Board of Directors of the JV Company, neither Party may pledge all or part of its equity in the JV Company corresponding to its subscribed contribution, nor create other forms of security over such equity.
