PLEDGE RIGHTS Sample Clauses

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 guaranteed 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 bonus 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 personal 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, as required by the Pledgee, (1) be 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 to the Pledgee or to a person designated by the Pledgee without violating the laws of the PRC.

PLEDGE RIGHTS. 2.1 Pledgors hereby pledge to Pledgee all of their Share Equity in CFO Shenzhen Shangtong to secure the Secured Indebtedness of CFO Shenzhen 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 Contract).

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 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. 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 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 As the security for the Pledgor’s timely and full repayment of the Secured Debts and the performance of the Contractual Obligations, the Pledgor hereby pledges its Equity to the Pledgee as a first order pledge in accordance with the provisions of this Agreement. Party C agrees that the Pledgor pledges the Equity to the Pledgee in accordance with the provisions of this Agreement. 2.2 The Parties understand and agree that the monetary valuation arising out of or in connection with the Secured Debts is a variable and floating one until the Final Settlement Date (as defined in Article 2.4). In case of any change in the monetary valuation of the Secured Debts and the Equity, the Pledgor and Pledgee may, by agreeing to amend and supplement this Agreement, adjust and confirm the maximum amount of Secured Debts to be secured by the Equity from time to time before the Final Settlement Date. 2.3 In case of any of the following events (“Cause of Final Settlement”), the value of the Secured Debts shall be determined based on the total amount of the Secured Debts due and unpaid to the Pledgee on the latest date before or on the date of the occurrence of the Cause of Final Settlement (the “Determined Obligations”): (a) The Business Cooperation Agreement, the Exclusive Option Agreement, the Voting Proxy Agreement, or the Loan Agreement is/are terminated according to their respective terms, which results in the Pledgee serving a written notice to the Pledgor requesting to determine the Secured Debts; ​ (b) Any Event of Default specified in Article 7 hereof occurs and is not resolved, which results in the Pledgee serving a Notice of Default to the Pledgor in accordance with Article 7.3; (c) Through due investigation, the Pledgee reasonably believes that the Pledgor and/or Party C have become insolvent or may be in an insolvent state; or ​ (d) Any other event that requires the determination of the Secured Debts in accordance with Chinese Laws. 2.4 For the avoidance of doubts, the date on which the Cause of Final Settlement occurs shall be the final settlement date (the “Final Settlement Date”). The Pledgee shall have the right to realize the Pledge Rights in accordance with Article 8 at its option on or after the Final Settlement Date. ​ 2.5 Within the Pledge Period (as defined in Article 3.1), the Pledgee shall have the right to deposit the fruits such as bonus, dividends or other distributable benefits arising from the Equity and use them to repay the Secured Debts to...

PLEDGE RIGHTS. 2.1 Pledgors hereby pledge to Pledgee all of their Share Equity in Chongzhi to secure the Secured Indebtedness of 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 Agreement).