Pledge Security. If this will be a secured loan and the Lender will require that the Borrower provide collateral against the loan amount, then the “Pledge Security” statement should be selected. When marking the first checkbox in Section VII, the collateral the Borrower volunteers against the loan must be defined on the blank line labeled “Security.” For example, suppose the Borrower is listing his or her automobile as the security for the loan amount. In such a case, the automobile’s Manufacturer, make, model, year, color, title number, and VIN (vehicle identification number) should all be listed on this line. This option requires further clarification therefore, one of the next two items must be selected so that this one may be completed.
Pledge Security. The Borrower agrees to secure this Agreement by pledging the following collateral: _________________________________ (“Security”). In the event the Borrower defaults under this Agreement, the Lender shall obtain possession of the Collateral: (check one) ☐ - Not Pledge Security. This Agreement shall not be secured by any property or asset of the Borrower.
Pledge Security. Borrowers hereby undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the Domestic Company. Without Lender’s prior written consent, Borrowers shall not use their equity interest in the Domestic Company to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.
Pledge Security. If this will be a secured loan and the Lender will require that the Borrower provide collateral against the loan amount, then the “Pledge Security” statement should be selected.
Pledge Security. Borrowers hereby undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the Company. Without Xxxxxx’s prior written consent, Borrowers shall not use their equity interest in Beijing Le’An to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.
Pledge Security. If this will be a secured loan and the Lender will require that the Borrower provide collateral against the loan amount, then the “Pledge Security” statement should be selected. When marking the first checkbox in Section VII, the collateral the Borrower volunteers against the loan must be defined on the blank line labeled “Security.” For example, suppose the Borrower is listing his or her automobile as the security for the loan amount.
Pledge Security. (a) A pledge is created over a Warrant by way of a Security Notification from the Legal Owner of that Warrant, instructing DMCCA to hold that Warrant by way of pledge for the Tradeflow Finance Party named in that notification and to record the Security Notification in respect of that Warrant to that Tradeflow Finance Party by way of security in DMCC Tradeflow.
(b) Upon receipt by DMCCA, via DMCC Tradeflow, of a Security Notification from the Legal Owner of the Warrant described therein, DMCCA shall hold that Warrant for the benefit of the Tradeflow Finance Party named in the Security Notification.
(c) The Tradeflow Finance Party named in any Security Notification shall be deemed to have agreed to the appointment of DMCCA as holder of the Warrant described in that Security Notification for the purpose of the pledge contemplated thereby.
Pledge Security. Borrowers hereby undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the Company. Without Lender’s prior written consent, Borrowers shall not use their equity interest in Shida Ambow to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.
Pledge Security. Borrowers hereby undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the Company. Without Xxxxxx’s prior written consent, Borrowers shall not use their equity interest in Jinan LYZX to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.
Pledge Security. 2.1 Borrowers hereby undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the Company.
2.2 Without Lender’s prior written consent, Borrowers shall not use their equity interest in Intelligent Valley to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.
