Common use of Pledge Term Clause in Contracts

Pledge Term. 3.1 The Pledge shall take effect as of the date on which the pledge of the Pledged Equity hereunder has been registered with the competent industrial and commercial authority and shall remain valid until all the Contractual Obligations have been fulfilled and all the Secured Debts have been paid. The Pledgor and the Domestic Company shall: (i) record the Pledge hereunder in the register of shareholders of the Domestic Company within three (3) business days from the execution of this Agreement; and (ii) submit an application to the competent industrial and commercial authority for the registration of the Pledge hereunder within thirty (30) business days from the execution of this Agreement. The Parties acknowledge that, for the purpose of registering the equity pledge contemplated hereunder with competent industrial and commercial authority, the Parties and other shareholders of the Domestic Company shall submit to the competent industrial and commercial authority this Agreement or an equity pledge contract executed in the form as required by the administration for industry and commerce at the place of the Domestic Company, and reflecting true information about the Pledge hereunder (the “Contract for Registration”), and matters not specified in the Contract for Registration shall be subject to terms of this Agreement. The Pledgor and the Domestic Company shall submit all necessary documents and complete all necessary procedures in accordance with the PRC laws and regulations and all requirements of relevant industrial and commercial authority to assure that the Pledge can be registered as soon as possible after submission of the registration application.

Pledge Term. 3.1 The Pledge shall take effect as of the date on which the pledge of the Pledged Equity hereunder has been registered with the competent industrial and commercial authority and shall remain valid until all the Contractual Obligations have been fulfilled and all the Secured Debts have been paid. The Pledgor and the Domestic Company shall: (i) record the Pledge hereunder in the register of shareholders of the Domestic Company within three (3) business days from the execution of this Agreement; and (ii) submit an application to the competent industrial and commercial authority for the registration of the Pledge hereunder within thirty (30) business days from the execution of this Agreement. The Parties acknowledge that, for the purpose of registering the equity pledge contemplated hereunder with competent industrial and commercial authority, the Parties and other shareholders of the Domestic Company shall submit to the competent industrial and commercial authority this Agreement or an equity pledge contract executed in the form as required by the administration for industry and commerce at the place of the Domestic Company, and reflecting true information about the Pledge hereunder (the “Contract for Registration”), and matters not specified in the Contract for Registration shall be subject to terms of this Agreement. The Pledgor and the Domestic Company shall submit all necessary documents and complete all necessary procedures in accordance with the PRC laws and regulations and all requirements of relevant industrial and commercial authority to assure that the Pledge can be registered as soon as possible after submission of the registration application.. Daxin Zhuohui Financial Information Service (Shanghai) Co., Ltd. Equity Pledge Agreement

Pledge Term. 3.1 The Pledge shall take effect as of the date on which the pledge of the Pledged Equity hereunder has been registered with the competent industrial and commercial authority and shall remain valid until all the Contractual Obligations have been fulfilled and all the Secured Debts have been paid. The Pledgor and the Domestic Company shall: (i) record the Pledge hereunder in the register of shareholders of the Domestic Company within three (3) business days from the execution of this Agreement; and (ii) submit an application to the competent industrial and commercial authority for the registration of the Pledge hereunder within thirty (30) business days from the execution of this Agreement. The Parties acknowledge that, for the purpose of registering the equity pledge contemplated hereunder with competent industrial and commercial authority, the Parties and other shareholders of the Domestic Company shall submit to the competent industrial and commercial authority this Agreement or an equity pledge contract executed in the form as required by the administration for industry and commerce at the place of the Domestic Company, and reflecting true information about the Pledge hereunder (the “Contract for Registration”), and matters not specified in the Contract for Registration shall be subject to terms of this Agreement. The Pledgor and the Domestic Company shall submit all necessary documents and complete all necessary procedures in accordance with the PRC laws and regulations and all requirements of relevant industrial and commercial authority to assure that the Pledge can be registered as soon as possible after submission of the registration application.. [Name of the VIE] Equity Pledge Agreement