PLEDGE RIGHTS. 2.1 Pledgors hereby pledge to Pledgee all of their Share Equity in Target Company to secure the Secured Indebtedness of Target Company. Pledge Rights shall mean Pledgee's priority right in receiving compensation from the sale or auction proceeds of the Pledged Property (including the dividends generated by the Share Equity during the term of this Agreement).
PLEDGE RIGHTS. 2.1 Pledgors hereby pledge to Pledgee all of their Share Equity in Fuhua to secure the Secured Indebtedness of Fuhua. Pledge Rights shall mean Pledgee's priority right in receiving compensation from the sale or auction proceeds of the Pledged Property (including the dividends generated by the Share Equity during the term of this Agreement).
PLEDGE RIGHTS. 2.1 The Pledgor hereby agrees to pledge the pledged equity to the Pledgee in accordance with the provisions of this Agreement as a security for the performance of the contractual obligations and the repayment of the secured debts. Party C hereby agrees that the Pledgor shall pledge the pledged equity to the Pledgee in accordance with provisions hereof.
2.2 Within the term of pledge, the Pledgee is entitled to receive bonuses or dividends arising from the pledged equity. Only when the Pledgee expressly agrees in writing in advance, the Pledgor may receive dividends or bonus in respect of the pledged equity. After deducting the income tax paid by the Pledgor, the dividends or bonus obtained by the Pledgor as a result of the pledged equity shall be (1) deposited into the designated account of the Pledgee, subject to the supervision of the Pledgee, and used to guarantee the contractual obligations and first pay off the guaranteed debts; or (2) unconditionally gift such bonus or dividends to the Pledgee or to a person designated by the Pledgee without violating the laws of the PRC.
2.3 The Pledgor can increase the capital to Party C only if the Pledgee expressly agrees in writing in advance. The increase in the number of shares of the Company’s registered capital contributed by the Pledgor is also a pledged equity.
2.4 If Party C is required to dissolve or liquidate in accordance with the mandatory provisions of Chinese laws, any interests legally distributed by the Pledgor from Party C after Party C has completed the dissolution or liquidation procedures in accordance with the law shall be, as required by the Pledgee, (1) deposited into the designated account of the Pledgee, subject to the supervision of the Pledgee, and used to guarantee the contractual obligations and first pay off the guaranteed debts; or (2) unconditionally gifted to the Pledgee or to a person designated by the Pledgee without violating the laws of the PRC.
PLEDGE RIGHTS. The Pledgors agree to pledge the interest they respectively hold, which in total is the 100% of the Equity Interest in the Company, to the Pledgee as a guarantee for their obligations under the Option Agreement as well as the Company’s obligations under the Service Agreements (“Pledge”). Pledge Rights shall refer to the Pledgee’s priority rights to receive compensation from the sale or auction proceeds of the Pledged Property (including the dividends generated by the Equity Interest during the term of this Agreement).
PLEDGE RIGHTS. 2.1 Pledgors hereby pledge to Pledgee all of their Share Equity in Shangtong to secure the Secured Indebtedness of Shangtong. Pledge Rights shall mean Pledgee’s priority right in receiving compensation from the sale or auction proceeds of the Pledged Property (including the dividends generated by the Share Equity during the term of this Agreement).
PLEDGE RIGHTS. 2.1 The Xxxxxxx pledges all the equity of the Target Company it holds to the Pledgee as a guarantee for the full performance of its contractual obligations under their transaction agreements.
2.2 The equity pledge guarantee covers: all the dues to the Pledgee under the transaction agreements, including, but not limited to, any borrowings, consulting service fees, penalties (if any), compensation, and expenses incurred by the realization of the creditor’s rights (including, but not limited to, attorney fees, litigation fees, preservation fees, appraisal fees, auction fees, material fees, evaluation fees, audit fees, and any other fees incurred by the realization of the pledge rights).
2.3 The pledge rights refer to the priority of compensation that the Pledgee enjoys to receive compensation from the price of the Pledged Equity pledged by the Xxxxxxx to the Pledgee by discounting, auctioning or selling.
PLEDGE RIGHTS. 2.1 The Pledgeor shall pledge all the equity interests of Oya Company to the Pledgee as the collateral mortgage for the loan under the LOAN AGREEMENT (Attachment 1).
2.2 Pledge rights refer to those rights enjoyed by the Pledgee to preemptively get paid at the price at which the equity interests pledged by the Pledgeor are converted into money, auctioned or sold off.
PLEDGE RIGHTS. 2.1 Pledgors hereby pledge to Pledgee all of their Share Equity in CFO Chongzhi to secure the Secured Indebtedness of CFO Chongzhi. Pledge Rights shall mean Pledgee’s priority right in receiving compensation from the sale or auction proceeds of the Pledged Property (including the dividends generated by the Share Equity during the term of this Contract).
PLEDGE RIGHTS. To guarantee repayment of the loan under the Loan Agreement, the Pledgor agrees to provide the Pledgee with the Collateral, which it legally possesses and has the right to assign, according to this Agreement, as the guarantee to the repayment of the loan under the Loan Agreement. If the loan under the Loan Agreement is not repaid on time, the Pledgee has the right to dispose the interests generated by the liquidation of the Collateral according to laws.
PLEDGE RIGHTS. 2.1 Pledgors hereby pledge to Pledgee all of their Share Equity in Decheng to secure the Secured Indebtedness of Decheng. Pledge Rights shall mean Pledgee’s priority right in receiving compensation from the sale or auction proceeds of the Pledged Property (including the dividends generated by the Share Equity during the term of this Agreement).
