Pledge Registration. 1. Within 7 days following the signing of this Agreement, Party C and Party D shall be obliged to record the Pledged Equity under this Agreement in Party B’s register of shareholders and handle relevant registration and recording procedures in accordance with law.
2. Where recorded matters relating to pledge changes and records need to be changed in accordance with law, Party C and Party D shall make change records within 15 days of the date the recorded matters change.
Pledge Registration. Pledgor and Party C should register the pledged securities in Party C’s shareholder list within three (3) Business Days after signing this Agreement, and submit application for pledge registration to relevant government departments within ten (10) Business Day after signing this Agreement. All parties hereby acknowledges and agrees that all parties, together with other shareholders of Party C should provide this Agreement or an equity pledge agreement (the “Administrative Pledge Agreement”) faithfully reflecting pledge information under this Agreement to industrial and commercial administrative department as requested by local administrative departments, in order to complete administrative registration procedure. For items not stated in the Administrative Pledge Agreement, this Agreement shall prevail. Pledgor and Party C should submit all necessary documents and complete all necessary procedures as requested by industrial and commercial administrative department under laws and regulations of China, in order to obtain registration as soon as possible after submitting application. In the event of failure to complete equity pledge registration because of administrative departments, Pledgor and Party C hereby promise: once the administrative departments agrees to issue pledge registration, Pledgor and Party C shall make best efforts to apply for pledge registration in time.
Pledge Registration. 4.1 The Pledgors and Party C agree and undertake that, after signing this Agreement, Party C must immediately and the Pledgors must procure Party C to immediately record the arrangements for the Equity Interest pledge hereunder on Party C’s Register of Shareholders on the date of signing this Agreement; and an application shall be submitted to the registration authority for registering the Equity Interest pledge according to the Measures for the Registration of Equity Interest Pledge at Administrative Departments for Industry and Commerce within twenty(20) days after signing this Agreement or within a longer term agreed by the Pledgee. The registration authority shall completely and accurately record matters about such Equity Interest pledge on the register of Equity Interest pledge.
4.2 Within the Term of the Pledge specified hereunder, the Pledgors shall submit original contribution certificate for the Equity Interest and the register of shareholders documenting pledge (and other documents reasonably required by the Pledgee, including but not limited to the notice on pledge registration issued by the administration for industry and commerce) to the Pledgee within one week from the completion date of the Pledge registration in accordance with above Article
4.1. The Pledgee shall keep such documents within the entire pledge term specified hereunder.
Pledge Registration. 4.1 Party B and Party C should register pledge in administrative bureau for industry and commerce within one month from the date the contract is signed and provide to Party A the pledge registration documents.
4.2 In case the pledge recorded items change and shall change records according the law, Party A and Party C shall make a corresponding change records in five working days after original record changed, and submit related registration documents.
4.3 During the pledge, pledgor shall indicate the Party C not to allocate any dividends, bonuses, or to take any profit distribution plan; if the pledgor shall obtain any other economic benefits from dividends, bonuses or other profit distribution plan of the pledge, shall remit money directly into the bank account designated by Party A as Party A has demanded; without the prior written consent of Party A, shall not be used and first be used as equity pledge for payment of guaranteed debt.
4.4 During the equity pledge, if pledgor subscribe new registered capital (“new equity”), the part of the new equity automatically becomes equity pledge under the contract, pledgor shall complete the procedures needed to pledge in this part of the new equity in 10 working days after obtaining new equity. If the pledgor fails to complete the relevant formalities in accordance with the proceeding provisions, Party A has the right to realize pledge immediately in accordance with the provisions of article 8 of this contract.
Pledge Registration procedures mean the pledge registration and publicity procedures, handled for the pledged collateral hereunder, in the accounts receivable pledge registration and publicity system for online registration with the Credit Reference Center of the People’s Bank of China, by the Pledgee mentioned herein in accordance with related regulations.
Pledge Registration. The pledgor and pledgee shall transact pledge registration in Administrative Department for Industry and Commerce within 5 days after signing of this contract.
Pledge Registration. The reasonable expenses for release of the pledge shall be borne by the Pledgee.
Pledge Registration. 1. Party A and Party B shall go to legal registration authority or local notarization organization of pledgor to register the pledges within days after signing the agreement. Party A shall submit pledge right certificate, registration document originals and other right certificates to Party B on the effective date of the agreement.
2. During the effective period of the agreement, if the ownership or any right of pledge changes or transfers with written consent from Party B, relative Party shall go through registration procedure for change within legal period. Relative certificate and document after registration change shall be submitted to Party B.
3. After all debt under principal agreement and this agreement get discharged, Party B shall return pledge right certificate, registration document originals and other right certificates to Party A, and go through pledge registration cancellation procedure with Party A.
1. If any Party asks for notarization, this agreement shall be notarized at notarization organization according to national regulation.
2. Party A agrees Party B to apply for notarization for execution. If debtor fails to repay loan amount, interest and related expenses, Party B shall apply for execution with notarization at People’s court with jurisdiction. Party A agrees to give up all of rights of defense and rights which may decline to undertake obligations to Party B.
1. After the agreement becomes effective, both Parties shall perform the obligations under the agreement. Any Party who fails to perform or completely comply with the obligations under the agreement shall undertake corresponding default responsibilities and bear the compensation for damages caused to the other Party.
2. If Party A fails to present and guarantee truly, accurately, completely or make intent misunderstanding which causes damages to Party B under Article six, Party A shall bear the compensation.
3. If the agreement becomes ineffective resulting from the faults of Party A, Party A shall compensate all damages of Party B based on the original pledge scope.
4. During the effective period, Party B shall immediately undertake pledgor right if any of the following events occurs:
a) Party A fails to repay to Party B before the expiration of the agreement.
b) The agreement terminates before the due date under this agreement.
c) Party A is undergoing suspension of business, out of business, bankruptcy, disbandment, withdrawal of business license.
d) Party A fails to maintai...
Pledge Registration. The relevant parties to each Share Pledge Agreement has properly completed the registration procedures in connection with the share pledge thereunder with the competent administration for market regulation and provided the Lender with a certificate of such share pledge registration issued by the competent administration for market regulation.
Pledge Registration. 1. Within 30 Working Days after the Contract is signed, pursuant to the Real Right Law of the People’s Republic of China, Guarantee Law of the People’s Republic of China and other relevant laws and regulations, the Pledgor shall take the Contract together with the Pledgee to handle the procedures of registration of the pledged item with the pledge registration office.
2. After the procedures of registration of the pledge are completed, the Pledgor shall submit the relevant registration documents to the Pledgee.
3. After the pledge registration period expires, the Pledgor is obliged to initiatively assist the Pledgee to complete the procedures of registration of the renewed pledge.
