Common use of PLEDGE RIGHTS Clause in Contracts

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 Target Company to secure the Secured Indebtedness of Target Company. Pledge Rights shall mean Pledgee's ’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 Target Company the target company to secure the Secured Indebtedness of Target Companythe target company. Pledge Rights shall mean Pledgee's ’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).