Common use of Pledge Registration Clause in Contracts

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. 4.1 Party B B, Party C and Party C D should register the pledge in of equity interests under this Agreement with administrative bureau for industry and commerce in charge of Party D 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 D 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 D 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. 4.1 Party B and Party C should shall register the pledge in with the administrative bureau for industry and commerce in charge of Party C within one month from the date the contract is signed of this Agreement, and provide to Party A with the pledge registration documents. 4.2 In case the pledge If any recorded items change for pledge are changed and records shall change records be altered according the to law, Party A and Party C shall make a corresponding record such change records in five working days after original record changedthe change of such recorded items, and submit related alteration registration documents. 4.3 During the period of equity pledge, pledgor the Pledgor shall indicate the instruct Party C not to allocate distribute any dividends, dividends or bonuses, or to take adopt any profit distribution plan; if the pledgor Pledgor shall obtain any other economic benefits from of any nature other than dividends, bonuses or other profit distribution plan of as to the pledgepledged equities, the Pledgor shall instruct Party C, as requested by Party A, to remit the relevant (realized) money directly into the bank account designated by Party A as Party A has demandedA; without the prior written consent of Party A, the Pledgor shall not use such money, and such money shall be used and first be used as equity pledge for payment of guaranteed debtthe pledged equities to pay off the secured debts. 4.4 During the period of equity pledge, if pledgor subscribe the Pledgor subscribes for Party C’s new registered capital (“new equityNew Equities”), the part New Equities shall automatically become the pledged equities under this Agreement. The Pledgor shall go through the necessary procedures to complete the pledge 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 New Equities within 10 working days after obtaining new equitythe New Equities. If the pledgor Pledgor fails to complete the relevant formalities procedures in accordance with the proceeding provisions, Party A has the right to realize its right of pledge immediately in accordance with the provisions of article Article 8 of this contractAgreement.