Common use of Release of Equity Pledge Clause in Contracts

Release of Equity Pledge. After full and complete performance of all the Contractual Obligations and full repayment of all the Secured Indebtedness by the Pledgors and the Company, the Pledgee shall, at the request of the Pledgors, release the Equity Pledge under this Agreement and cooperate with the Pledgors to deregister and release the Equity Pledge with the administration for industry and commerce. The Pledgee shall bear the reasonable costs incurred in connection with the release of the Equity Pledge.

Release of Equity Pledge. After full and complete performance of all the Contractual Obligations and full repayment of all the Secured Indebtedness by the Pledgors and the CompanyCompany have fully and completely fulfilled all their Contractual Obligations, and have paid off all Secured Debts, the Pledgee shall, shall cancel the Equity Pledge hereunder at the request of the Pledgorsrelevant Pledgor, release and shall cooperate with the relevant Pledgor to cancel the registration of the Equity Pledge under this Agreement and cooperate with stipulated in the Pledgors to deregister and release shareholders’ register of the Equity Pledge with Company as well as the administration for industry and commerce. The Pledgee shall bear the reasonable costs incurred in connection with the release registration of the Equity Pledge, where, all reasonable expenses arising from the release of Equity Pledge shall be borne by the Pledgors only.

Release of Equity Pledge. ​ After full and complete performance of all the Contractual Obligations and full repayment of all the Secured Indebtedness by the Pledgors and the Company, the Pledgee shall, at the request of the Pledgors, release the Equity Pledge under this Agreement and cooperate with the Pledgors to deregister and release the Equity Pledge with the administration for industry and commerce. The Pledgee shall bear the reasonable costs incurred in connection with the release of the Equity Pledge.. ​