Representations and Warranties of the Pledgors. Each of the Pledgors hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the Pledgors is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. Amended and Restated 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other parties at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgors and the execution and performance of this Agreement by each of the Pledgors does not violate any applicable laws or regulations. The representative of each of the Pledgors who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the Pledgors warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.
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Samples: Equity Interest Pledge Agreement, Equity Interest Pledge Agreement (YOUKU.COM Inc.)
Representations and Warranties of the Pledgors. Each of the The Pledgors hereby makes represent and warrant to the following Pledgee as follows upon the execution of this Agreement, and acknowledge that the Pledgee enters into this Agreement in reliance of such representations and warranties to the Pledgee execute and confirms that the Pledgee executes perform this Agreement in reliance on such representations and warrantiesAgreement:
4.1 5.1 Each of the Pledgors Pledgor is the legal owner of the its Equity Interest that has been registered in his/her name, Interests hereunder and is entitled to create a pledge Pledge on such the Equity Interest. Amended and RestatedInterests.
4.2 None 5.2 During the term of equity Pledge under Section 2.4 hereof, the Pledged Collateral Pledgee shall not be legally claimed by or duly interfered with any other party when the Pledgee enforces or exercise the Pledge will be interfered with by any other parties at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement.
4.3 5.3 The Pledgee shall be is entitled to dispose or assign enforce the Pledge in accordance with the relevant laws laws, regulations and this Agreement.
4.4 All necessary authorizations have been obtained for 5.4 Each Pledgor has all requisite corporate powers and authorities to execute and perform this Agreement, the execution and performance of this Agreement by each which will not constitute breach of the Pledgors and the execution and performance of this Agreement by each of the Pledgors does not violate any applicable laws or and regulations. The representative of each of the Pledgors who signs this Agreement is lawfully authorized signatory hereunder has full lawful and effectively authorizedvalid authorization.
4.5 Each of 5.5 Except for the Pledgors warrants that Pledge under this Agreement, there is no on-going other encumbrance or any security interests (including but not limited to pledge) in favor of any third party on the Equity Interests under the Pledge.
5.6 There is no pending or possible civil, administrative or criminal litigation or administrative punishment penalty or arbitration related to in respect of the Pledge of the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of Interests hereunder at the date of this Agreement.
4.6 5.7 There are no outstanding taxes, fees or undecided legal procedures related proceedings or formalities due and unaccomplished with respect to the Equity Interest as of the date Interests hereunder.
5.8 Each term of this Agreement.
4.7 Each stipulation hereunder is Agreement reflects the expression true intent of each Party’s true intention Pledgor and shall be has binding upon all the Partiesforce on it.
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Samples: Share Pledge Agreement (American Smooth Wave Ventures, Inc.)
Representations and Warranties of the Pledgors. Each of the Pledgors hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties:
4.1 Each of the Pledgors is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. Amended and Restated.
4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other parties pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement.
4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement.
4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgors and the execution and performance of this Agreement by each of the Pledgors does not violate any applicable laws or regulations. The representative of each of the Pledgors who signs this Agreement is lawfully and effectively authorized.
4.5 Each of the Pledgors warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement.
4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement.
4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.. Amended and Restated
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Representations and Warranties of the Pledgors. Each of the The Pledgors hereby makes the following representations represent and warranties warrant to the Pledgee and confirms that that, as of the Pledgee executes effective date of this Agreement,
6.1 The Pledgors shall be the legal holder of the Pledged Equity Interests subject to business registration;
6.2 The Pledgors have not created any other pledges or other encumbrances on the equity interests other than those created for the benefit of the Pledgee;
6.3 The Equity Interest Pledge under this Agreement shall constitute the primary security interest in reliance the Pledged Equity Interests;
6.4 A resolution on such representations and warranties:
4.1 Each of the Pledgors is the legal owner approval of the Equity Interest that Pledge under this Agreement has been registered in his/her nameadopted at a meeting of shareholders of the Company;
6.5 Upon the entry into force of this Agreement, it shall constitute a legal, valid and is entitled to create a legally binding obligation of the Pledgors;
6.6 The pledge on such Equity Interest. Amended and Restated
4.2 None of the Pledged Collateral or Equity Interests by the Pledge will be interfered with by any other parties at any time once the Pledgee exercises the rights of the Pledge Pledgors in accordance with this Agreement.Agreement shall not violate the laws, regulations and relevant rules of other government departments nor breach any contracts and agreements between the Pledgors and any third parties (other than the Company) or any commitments issued to any third parties by the Pledgors;
4.3 The 6.7 All documents and materials in relation to this Agreement which are provided by the Pledgors to the Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws authentic, accurate and this Agreement.complete;
4.4 All necessary authorizations have been obtained for the execution 6.8 The signing and performance by the Pledgors of this Agreement by each of the Pledgors and the execution and performance of this Agreement by each of the Pledgors does shall not violate or conflict with all laws applicable to it, any applicable laws agreements to which it is a party or regulations. The representative of each of the Pledgors who signs this Agreement is lawfully and effectively authorized.
4.5 Each of the Pledgors warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement.
4.6 There which are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement.
4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Partiesits assets, any court judgments, any arbitral awards of arbitration bodies and any decisions of administrative organs.
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