Pledge Right. 2.1 As the security for timely and full payment of any or all the amounts payable to the Pledgee by Party C under the Business Cooperation Agreement, including but not limited to the consultation service fees under the Business Cooperation Agreement, the Pledgors hereby pledge all their current or future-acquired equity interests in Party C to the Pledgee, regardless of whether the due payment of such fees is as a result of the arrival of the due date of payment, request of earlier payment or other reasons.
2.2 Once Party B makes additional capital contribution to Party C or further acquires any Equity Interest in Party C, which results Party B’s Equity Interest percentage exceeding its current percentage, Party B shall pledge all such exceeding part to the Pledgee, and shall assist and cooperate to execute relevant agreements and to deal with the Equity Interest pledge registration and record.
Pledge Right. 2.1 As security for the prompt and full performance of the Contractual Obligations and the repayment of the Secured Indebtedness by the Pledgors and Party C, the Pledgors hereby pledge their Equity Interest in Party C (including the registered capital of (amount of capital contribution to) Party C currently owned by the Pledgors and all Equity Interest relating thereto, and other registered capital of (amount of capital contribution to) Party C likely to be acquired by the Pledgors hereafter and all Equity Interest relating thereto) (“Equity” or “Equity Interest”) to the Pledgee by means of first priority pledge. As of the date hereof, the Equity Interest used by Party B for pledge is 100% Equity Interest in Party C held by Party B, representing 100% of the registered capital of Party C, i.e. RMB 10,000,000.
Pledge Right. 2.1 The Pledgors assign, convey to the Pledgee, for its benefit, a pledge over and security interest in all of their respective shares in the company to secure all and any Secured Indebtedness.
2.2 In order to avoid any misunderstanding, despite of the disappearance of party of the Secured Indebtedness, the Pledgors assign, convey to the Pledgee, for its benefit, a pledge over and security interest in all of their respective Shares in the company as a security of the remaining part of the Secured Indebtedness in accordance with the provisions of this Agreement.
2.3 Within the effective period of this Agreement, in case that the Pledgee exercise the Option and therefore obtains all or part of the Shares, the relative Pledge over that part of Share disappear in proportion as of the execution date of the Shares transfer and the Shares pledged by the Pledgors reduce in the same proportion. The Pledgee and the Pledgors shall effect the registration, or changing registration or record, as set forth in Article 4.2 hereunder, with the competent administration for industry and commerce.
2.4 The Pledge under this Agreement refers to the preferential rights enjoyed by the Pledgee in receiving proceeds from auction or sale of the Shares pledged by the Pledgors to the Pledgee
Pledge Right. The Pledgor hereby pledges all of her Equity Interest in Guanli to the Pledgee as security for the performance by the Pledgor and Guanli of all of their respective obligations under the Master Contract. Therefore, the Pledgee is entitled to the Pledge Right in respect of all the Equity Interest of the Pledgor in Guanli. The “
Pledge Right. 2.1 The Pledgor hereby pledges all the interests in shares held or to be held by it in Jiayin Finance to the Pledgee as security for the timely and full payment by Jiayin Finance of any and all amounts due to the Pledgee under the Master Agreements, including but not limited to all expenses (including legal costs), costs and payable losses, interests, default penalties, damages, costs for effecting the claims, and Jiayin Finance and the Pledgor’s liabilities to Party A arising from the invalidity of agreements, in whole or in part, for any reason (hereinafter referred to as “Obligations under the Master Agreements”), the maximum amount of which shall not exceed RMB37.34316 billion.
Pledge Right. The Pledgor hereby pledges all of her Equity Interest in Zhongguan to the Pledgee as security for the performance by the Pledgor and Zhongguan of all of their respective obligations under the Master Contract. Therefore, the Pledgee is entitled to the Pledge Right in respect of all the Equity Interest of the Pledgor in Zhongguan. The “
Pledge Right. 2.1 The Pledgor pledges all the equities held thereby in Dingyuan Company to the Pledgee as the guarantee for the Pledgee's rights and interests under the Agreements above mentioned. The equity pledge hereunder covers all the expenses (including legal fees) and expenditures that shall be paid by Dingyuan Company and/or the Pledgor to the Pledgee under the Agreements, losses, interest, liquidated damages, compensation and expenses arising from exercising claims that shall be undertaken, and liability that shall be borne by Dingyuan Company and the Pledgor to the Pledgee in case of invalidity of the Agreements in whole or in part due to any reason.
2.2 The pledge right refers to the priority right enjoyed by the Pledgee to obtain compensation paid with the proceeds from discounting, auctioning or selling the equities pledged by the Pledgor to the Pledgee.
2.3 Unless otherwise expressly agreed in writing by the Pledgee after the Agreement takes effect, the pledge under the Agreement can be removed only if Dingyuan Company and the Pledgor have properly fulfilled all their obligations and responsibilities under the Agreements and the Pledgee issues the written approval. If Dingyuan Company or the Pledgor still does not fully perform its/his obligations or responsibilities under the Agreements in whole or in part upon expiration of the period as stipulated in the Agreements, the Pledgee still enjoys the pledge right stipulated in the Agreement until the relevant obligations and responsibilities above are fully performed in a manner reasonably acceptable to the Pledgee.
Pledge Right. 2.1 The Pledgor hereby agrees to pledge the pledged equity to the Pledgee as a guarantee for the performance of the contractual obligations and repayment of the guaranteed debts in accordance with the Agreement. Party C hereby agrees that the Pledgor will pledge the pledged equity to the Pledgee in accordance with the agreement.
2.2 During the pledge period, the Pledgee has the right to receive dividends or bonuses generated from the pledged equity. The Pledgor may receive dividends or bonuses for the pledged equity only with the prior written consent of the Pledgee. After deducting the personal income tax paid by the Pledgor, the dividends or bonuses distributed by the Pledgor due to the pledged equity shall be (1) deposited into the designated account of the Pledgee, subject to the supervision of the Pledgee, and used for the guarantee contract and the first repayment of the guaranteed debts according to the requirements of the Pledgee; or (2) on the premise of not violating Chinese laws, such bonuses and dividends will be unconditionally presented to the Pledgee or the person designated by the Pledgee.
2.3 The Pledgor may increase the capital of Party C only with the prior written consent of the Pledgee. The capital contribution increased by the Pledgor in the registered capital of Party C due to the capital increase of Party C also belongs to pledged equity.
2.4 If Party C is required to dissolve or liquidate according to the mandatory provisions of Chinese laws, any benefits distributed to the Pledgor from Party C according to law after Party C completes the dissolution or liquidation procedures according to law shall be (1) deposited into the designated account of the Pledgee, subject to the supervision of the Pledgee, and used for the guarantee contract and the first repayment of the guaranteed debts according to the requirements of the Pledgee; or (2) on the premise of not violating Chinese laws, such bonuses and dividends will be unconditionally presented to the Pledgee or the person designated by the Pledgee.
Pledge Right. 2.1 As security for the prompt and full performance of the Contractual Obligations and the repayment of the Secured Indebtedness by the Xxxxxxx and Party C, the Xxxxxxx hereby pledge his Equity Interest in Party C (including the registered capital of (amount of capital contribution to) Party C currently owned by the Xxxxxxx and all Equity Interest relating thereto, and other registered capital of (amount of capital contribution to) Party C likely to be acquired by the Xxxxxxx hereafter and all Equity Interest relating thereto) (“Equity” or “Equity Interest”) to the Pledgee by means of first priority pledge. As of the date hereof, the Equity Interest used by Party B for pledge is 100% Equity Interest in Party C held by Party B, representing 100% of the registered capital of Party C, i.e. RMB 10,000,000.
2.2 The Parties understand and agree that the monetary valuation arising from or relating to the Secured Indebtedness shall be a variable and floating valuation until the Settlement Date (as defined below). Equity Interest Pledge Agreement
2.3 If any of the following events (each an “Event of Settlement”) occurs, the value of the Secured Indebtedness shall be determined based on the total amount of the Secured Indebtedness that are due, outstanding and payable to the Pledgee immediately prior to or on the date of occurrence of the Event of Settlement (the “Determined Indebtedness”):
(a) any other Control Agreement is terminated in accordance with its relevant provisions;
(b) the Event of Default set forth in Article 7 hereof occurs and fails to be resolved, as a result of which the Pledgee gives a Notice of Default to the relevant Xxxxxxx in accordance with Article 7.3;
(c) upon due inquiry, the Pledgee reasonably determines that the Xxxxxxx and/or Party C is insolvent or could potentially be made insolvent; or
(d) any other event that requires the determination of the Secured Indebtedness in accordance with relevant laws of the PRC.
2.4 For the avoidance of doubt, the date on which an Event of Settlement occurs shall be the settlement date (the “Settlement Date”). The Pledgee shall have the right, at its option, to realize the Pledge Right in accordance with Article 8 on or after the Settlement Date.
2.5 During the Pledge Term, the Pledgee shall have the right to receive dividends or bonuses with respect to the Equity Interest. The Xxxxxxx may receive dividends or bonuses with respect to the Equity Interest only with the prior written consent of the Pledgee...
Pledge Right. As the guarantee for immediate and complete payment and execution of any or all payment (including without limitation consulting and service fee payable to the Pledgee under the Business Cooperation Agreement) owed to Party C when such payment becomes due and payable, the Pledgor hereby pledges the shares it holds in Party C to the Pledgee.
