Common use of Right of Pledge Clause in Contracts

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.

Right of Pledge. 2.1 The Pledgors shall pledge all Equities owned thereby by it in the Target Company to the Pledgee as the guarantee for the performance of the Guaranteed Debt by the 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 . The effect of the Right of Pledge extends shall expand to the dividends generated by the Equities during the term hereof.

Right of Pledge. 2.1 The Pledgors Pledgor pledge all Equities owned thereby by it in Target Company to the Pledgee as the guarantee for the performance of the Guaranteed Debt by Target CompanyTarget. 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 Pledgor 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.