Right of Pledge. 2.1 As security for the Secured Obligations, the Pledgor hereby agrees to grant and hereby grants to the Pledgee a disclosed right of pledge with a sixth priority (openbaar pandrecht zesde in rang) (on the date hereof) in respect of the Shares, which Right of Pledge the Pledgee agrees to accept and hereby so accepts.
2.2 The Right of Pledge is one and indivisible (één en ondeelbaar). The Right of Pledge shall not be affected by one or more but not all of the Secured Obligations being discharged or the Secured Obligations being amended. The Right of Pledge includes a right of pledge in respect of all accessory rights (afhankelijke rechten) and all ancillary rights (nevenrechten) attached to the Shares.
2.3 The Pledgor shall, if and when requested by the Pledgee in writing, execute such further encumbrances and assurances, and do all such acts and things as are reasonably necessary or as the Pledgee may reasonably require over or in relation to the Shares to maintain, perfect or protect the security rights created by this Pledge Agreement, such that this Pledge Agreement will continue to constitute a sixth priority right of pledge over the Shares, until payment in full of the Secured Obligations or termination of this Pledge Agreement in accordance with Section 8 of this Pledge Agreement.
2.4 By co-signing this Pledge Agreement, the Company acknowledges the Right of Pledge created by this Pledge Agreement, as provided in article 2:113 of the CCC.
2.5 The Company shall register in the Company’s shareholders’ register that the Shares are encumbered with a right of pledge in favor of the Pledgee and that, subject to Section 3 of this Pledge Agreement, the Pledgee has the Voting Rights.
Right of Pledge. To secure all current and future claims of XXXXXX and SPV against Client, Client agrees to be committed to providing sufficient security to DEGIRO and SPV at the first request and Client hereby provides a first disclosed fixed right of pledge (in Dutch: eerst openbaar pandrecht) to DEGIRO and SPV on all claims of Client against XXXXXX and SPV and all rights (including the accompanying ancillary rights) that are or will be administered on the Personal Page (including all Units).
Right of Pledge. The Pledgor pledges all of his Pledged Equity Interest in Shenzhen Xinbao to the Pledgee as a guarantee for all of his liabilities under the Loan Agreement. The “Right of Pledge” refers to the right owned by the Pledgee to be first compensated from the money converted from, or the proceeds from the auction or sale of, such equity interest pledged by the Pledgor to the Pledgee.
Right of Pledge.
2.1 As the security for repaying the Secured Liabilities, the Pledgors hereby pledge all the Pledged Equities to the Pledgee, and Party C hereby consents to the Pledgors for pledging the Pledged Equities to the Pledgee in accordance with the provisions of this Agreement.
2.2 The Pledgors undertake that, they shall be responsible for recording the equity pledge arrangement under this Agreement in the register of shareholders of Party C.
2.3 During the Term of Pledge, the Pledgee has the right to receive incomes (including but not limited to any dividends and profits) arising from the Pledged Equities. With the prior written consent of the Pledgee, the Pledgors may get dividends or capital bonuses with respect to the Pledged Equities. The dividends or capital bonuses attributable to the Pledgors on the Pledged Equities shall be deposited in an account designated by the Pledgee, subject to the supervision of the Pledgee, and used first to repay the Secured Liabilities.
Right of Pledge. As a guarantee for the performance by Party C and the Pledgors of their obligations under the Transaction Documents, each Pledgor hereby pledges all of the Equity held by it in Party C to the Pledgee. With the prior written consent of the Pledgee, the Pledgors may increase the capital of Party C. The amount of additional contribution made by the Pledgors in the registered capital of the company due to capital increase also falls under the pledged Equity. Where Party C shall be dissolved or liquidated according to the mandatory provisions of Chinese laws, any interests distributed in accordance with the law from Party C to the Pledgors after the completion of dissolution or liquidation of Party C in accordance with the law shall be at the request of the Pledgee (i) deposited into an account designated by the Pledgee to be supervised by the Pledgee and used for securing the obligations under the Transaction Documents and first for paying off the Secured Debts under the Transaction Documents; or (ii) without violating Chinese laws, unconditionally granted to the Pledgee or any person designated by the Pledgee.
Right of Pledge. 2.1 As the security for repaying the Secured Liabilities, the Pledgors hereby pledge all the Pledged Equities to the Pledgee, and Party C hereby consents to the Pledgors for pledging the Pledged Equities to the Pledgee in accordance with the provisions of this Agreement.
2.2 The Pledgors undertake that, they shall be responsible for recording the equity pledge arrangement under this Agreement in the register of shareholders of Party C.
2.3 With the prior written consent of the Pledgee, the Pledgors may make additional capital contributions to Party C. The additional contribution amounts in Party C’s registered capital due to the capital increase made by the Pledgors to Party C are also subject to the Pledged Equities. The Pledgors undertake to, within ten (10) working days from the capital increase, record the equity pledge with respect to the additional capital under this Article 2.3 in the register of shareholders of Party C, and apply for registration with the registration authority (as defined below).
2.4 During the Term of Pledge, the Pledgee has the right to receive incomes (including but not limited to any dividends and profits) arising from the Pledged Equities. With the prior written consent of the Pledgee, the Pledgors may get dividends or capital bonuses with respect to the Pledged Equities. The dividends or capital bonuses attributable to the Pledgors on the Pledged Equities shall be deposited in an account designated by the Pledgee, subject to the supervision of the Pledgee, and used first to repay the Secured Liabilities.
Right of Pledge. The Pledgor agrees with the Pledgee to grant and grants in favour of the Pledgee, to the extent necessary in advance (bij voorbaat) a right of pledge (pandrecht) over its Collateral and any accessory rights (afhankelijke rechten) and ancillary rights (nevenrechten) attached to the Collateral as security for the Secured Liabilities.
Right of Pledge. 2.1 The Xxxxxxx pledges all his Equity in N-S Digital TV to the Pledgee as security for the creditor’s rights of the Pledgee under the Loan Agreement (Appendix 1).
Right of Pledge. 2.1 The Pledgors pledge all Equities owned thereby in Target Company to the Pledgee as the guarantee for the performance of the Guaranteed Debt by Target Company. The Right of Pledge means the right enjoyed by the Pledgee to get paid in priority with the money converted from the Equities pledged by the Pledgors to the Pledgee or with the payment obtained from the auction or sale of such Equities; the effect of the Right of Pledge extends to the dividends generated by the Equities during the term hereof.
