Common use of Registration of Pledge Clause in Contracts

Registration of Pledge. 3.1 Within one (1) week from the date hereof, Guanli shall, and the Pledgor shall procure Guanli to record the Pledge Right specified in Article 2 above on the register of members of Guanli, and deliver a copy of the register of members of Guanli with its common chop affixed thereon and the original of the equity contribution certificate to the Pledgee for custody. 3.2 After the execution hereof, the Pledgor shall, at the written request of the Pledgee at any time, complete the notarization jointly with the Pledgee in respect of this Contract, as well as the Pledge Right of the Pledgee recorded on the register of members and the equity contribution certificate as set forth in Article 3.1 at a notary public office of the place where Guanli is located. 3.3 The parties agree that they will make their best effort to register, and cause the pledge hereunder to be registered with an industrial and commercial administrative department of the place where Guanli is registered. The parties also confirm that, unless the registration of the pledge hereunder with the industrial and commercial administrative department is mandatory in law, the validity of this Contract and the Pledge Right specified in Article 2 above shall not be affected even if the parties fail to register the pledge hereunder with the industrial and commercial administrative department of the place where Guanli is registered after the execution of this Contract.