Pledgor’s Commitment and Confirmation Sample Clauses
Pledgor’s Commitment and Confirmation. 6.1. In the effective period of this Agreement, Pledgor promises to Pledgee that Pledgor will:
6.1.1. Not transfer pledged shares or add any collateral or other liabilities against the pledged shares without written consent of Pledgee except for conducting Exclusive Purchase Agreement signed among Pledgor, Pledgee and Party C.
6.1.2. Comply with and execute any laws and regulations about pledge rights. After receiving notification on pledge rights issued by relevant administrative departments, Pledgor shall present the said notification , guidance or suggestion to Pledgee within three (3) Business Days, follow the said notification, guidance, or suggestion, or put forward objections and statements in accordance with reasonable requirements of Pledgee or with Pledgee’s consent.
6.1.3. If Pledgor receives any events or notifications that will impact any equity or any partial rights, or will impact Pledgor’s commitments, obligations or execution of its obligations, Pledgor shall notify Pledgee in no time.
6.2. Pledgor agrees that the collateral rights obtained by Pledgee in accordance with this Agreement should not be interrupted or jeopardized by Pledgor or other persons through legal procedures. Pledgor guarantees to have made any proper arrangements and signed any necessary to ensure execution of this Agreement will not be adversely affected or hindered by Pledgor’ s successor, guardian, creditor, spouse or other third parties for Pledgor’ s death, loss of legal capacity, bankruptcy, divorce, or any other situations.
6.3. Pledgor guarantees to Pledgee that Pledgor will sign honestly and promote other relevant parties to sign all right certificates , covenant as requested by Pledgee and/or take actions and promote other relevant parties to take actions as requested by Pledgee, and to facilitate the execution of rights and authorizations granted to Pledgee, sign all documents about shares ownership with Pledgee or its designee, and provide Pledgee with all notifications, orders and decisions about collateral rights.
6.4. Pledgor guarantees to Pledgee that Pledgor will not take any dividends as of the pledged shares, such dividends should be deposited in designated bank account of Pledgor and will be used to pay off or charge against guaranteed liabilities in priority.
6.5. In the effective period of this Pledge Agreement, if Party C is liquidated or stops operation for any reason and allocated any properties or assets to Pledgor, such properties or assets sh...