Common use of Representations and Warranties of the Pledgor Clause in Contracts

Representations and Warranties of the Pledgor. 5.1. The Pledgor is the legal owner of the Pledged Equity. 5.2. At any time when the Pledgee exercises the rights of pledgee in accordance with this Pledge Agreement, there shall be no interference from any other party. 5.3. The Pledgee shall have the right to dispose and transfer the Pledge in accordance with the provisions of this Agreement. 5.4. Except for the benefit of the Pledgee, the Pledgor has not created any pledge or third party rights on the Pledged Equity. 5.5. The pledge of the Pledged Equity by the Pledgor hereunder neither violates any national laws, regulations or governmental policies, nor breaches any contract, agreement with or commitment made to any third party by the Pledgor.