Pledged Rights. All rights to receive profits or surplus of, or other Distributions (including income, return of capital and liquidating distributions) from, any partnership, joint venture or limited liability company, including any distributions by any such Person to partners, joint venturers or members. All such rights are collectively referred to as the "Pledged Rights".
Pledged Rights. All rights to receive profits or surplus of, or other distributions (including income, return of capital and liquidating distributions) from, any partnership, joint venture or limited liability company, including any distributions by any such Person to partners, joint venturers or members. All such rights are collectively referred to as the "PLEDGED RIGHTS".
Pledged Rights. Notwithstanding any provision hereof to the contrary, any party hereto shall have the right to pledge, mortgage or grant a security interest in its rights hereunder to secure the indebtedness of such party and the consent of the other party shall not be required in connection with the foreclosure of any liens, security interests created by any such pledge, mortgage or security agreement.
Pledged Rights. All rights to receive profits or surplus of, or other Distributions (including income, return of capital and liquidating distributions) from, any Pledged Theatre Subsidiary that is a partnership, joint venture or limited liability company, including any distributions by any such Person to partners, joint venturers or members. All such rights are collectively referred to as the "Pledged Rights".
Pledged Rights. 1.1 Party A shall set pledges according to the rights listed in the “List of Pledged Rights” of this Contract.
1.2 If the rights recorded in the List of Pledged Rights are not the same as the rights stated in the documents of title, pledge certificates, pledge certifying documents or the pledge registers of registration authorities as actually accepted by Party B, the pledged rights actually accepted by Party B shall be those as stated in the documents of title, pledge certificates, pledge certifying documents or pledge registers of registration authorities.
1.3 If the renewal of ownership rights or other entitlement certificates (proofs) of the pledged rights leads to discrepancies between the List of Pledged Rights of this Contract or the pledge certificates, pledge certifying documents as received by Party B and the above-mentioned new entitlement certificates (proofs) or the records of registers of registration authorities, Party A shall not use the discrepancies as reasons for not undertaking guarantee obligations.
1.4 Party A shall exercise the greatest care in maintaining the validity and value of pledged rights and shall prevent the invalidity or depreciation of pledged rights as a result of expiry of prescribed periods or the occurrence of any other reasons. In the event of increase in value of the pledged rights, the increased value shall remain the rights pledge guarantee of Party B’s creditor’s rights.
1.5 Derivatives from the pledged rights shall be collected by Party B. As part of the pledged rights, the derivatives are used as pledge guarantee for Party B’s creditor’s rights, but should first be used in settling the expenses for collecting the derivatives.
1.6 If the value of the pledged rights has already or may be diminished, affecting the realization of Party B’s creditor’s rights, Party A should provide new guarantee according to Party B’s request.
Pledged Rights. Nothing contained in this Article shall in any way prevent either Party from pledging or mortgaging its rights hereunder for security of indebtedness.
Pledged Rights. 3.1 The Xxxxxxx voluntarily pledges the right described in the “Pledge Voucher” No.:20110825013. The “Pledge List” is the inalienable part of this contract.
Pledged Rights. 5.1 See the List of Pledged Rights for detailed rights used for pledge under this Contract.
5.2 The value of the pledged rights agreed by Party A and Party B upon signing this Contract shall neither be deemed as the basis for appraisal when Party B disposes the right nor constitute any restrictions for Party B to exercise the pledge rights.
Pledged Rights. The Pledges constituted by this Agreement include the present and future rights to receive:
(a) dividends, if any, payable on the Pledged Shares;
(b) liquidation proceeds, consideration for redemption (Einziehungsentgelt), repaid capital in case of a capital decrease, any compensation in case of termination (Kündigung) and/or withdrawal (Austritt) of a shareholder of the Company, the surplus in case of surrender (Preisgabe) and all other pecuniary claims associated with the Pledged Shares; and
(c) the right of the Pledgor to subscribe for newly issued shares. Notwithstanding the pledges under (a), (b) and (c), the Pledgor shall be entitled to (i) receive and retain the payments described in (a) and (b) in respect of the Pledged Shares and (ii), subject to Clause 2.2(a) (Grant of Pledge over future shares) subscribe for newly issued shares except upon occurrence and during the continuance of an event which gives the Pledgee, the right to enforce the Pledge constituted hereunder pursuant to Clause 5.1 (Right of realisation). Table of Contents
Pledged Rights. 4.1 The Xxxxxxx voluntarily pledges the right described in the "Pledge List". The "Pledge List" is the inalienable part of this contract.
4.2 The value of the pledged right in the "Pledge List" shall not be regarded as the basis of the valuation, it causes no limitation on Pledgee to realize the pledge right. The final value of the pledged rights shall be determined by the actual value when the pledge rights are realized.
