Common use of Pledge Security Clause in Contracts

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. Borrowers Borrower hereby undertake undertakes that the Loans loan 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 Borrower shall not use their its 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. Borrowers Borrower hereby undertake undertakes that the Loans loan 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 Borrower shall not use their his equity interest in the Domestic Company to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.