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

Representations and Warranties of the Xxxxxxx. 5.1 The Xxxxxxx is the legitimate owner of the Equity and has the right to pledge the Equity to the Pledgee. 5.2 Unless otherwise provided herein, whenever the Pledgee exercises its Right of Pledge hereunder, it shall not have intervention from any other party. 5.3 Unless otherwise provided herein, the Pledgee is entitled to dispose of and transfer the Right of Pledge in manners provided for by laws, regulations and this Agreement. 5.4 Except the pledge hereunder, the Xxxxxxx does not create any other charge or third party security in any form (including but not limited to pledge) on the Equity. 5.5 There are no pending or contemplated civil, administrative or criminal proceedings or administrative punishment or arbitration relating to the Equity. There are no due and outstanding taxes, fees or required and unfinished legal procedures or formalities in respect of the Equity.