Terms of Pledge Sample Clauses

Terms of Pledge. The Shares shall be held by Pledgeholder in pledge subject to the terms and conditions of this Agreement. As long as no default exists as described in Paragraph 7 below, Pledgor shall have the right at all times to vote such Shares on any and all matters. Pledgor and Pledgee shall indemnify Pledgeholder and hold him harmless from any loss, expense or damage he may incur by virtue of his role as Pledgeholder, except for any breach of duty or negligence of Pledgeholder.
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Terms of Pledge. The Shares shall be held by Secured Party in pledge subject to the terms and conditions of this Pledge Agreement. As long as no default exists as described in Paragraph 7 below, Pledgor shall have the right at all times to vote such Shares on any and all matters.
Sample 1
Terms of Pledge. 4.1. The Shares and Assignments will be held by the Pledgeholder and are being pledged by Pledgor subject to the terms and conditions of this Agreement. As long as no Default (as defined in paragraph 8 below) exists under this Agreement, Pledgor will have the right at all times to exercise the voting rights in connection with the Shares and otherwise exercise the rights of ownership relative to the Shares, subject to the covenants contained in Paragraph 6, below. Pledgor shall indemnify, defend, and hold Pledgeholder harmless from and against any and all actions, causes of action, claims, demands, expenses, and liabilities that Pledgeholder may suffer or incur by virtue of its role as Pledgeholder under this Agreement; provided, however, the foregoing indemnification will not relate to any such matter arising out of the gross negligence or intentional misconduct of Pledgeholder. Pledgeholder will not be liable to Pledgor or Pledgee for any action taken or omitted to be taken by Pledgeholder except for Pledgeholder's own gross negligence or intentional misconduct.
Sample 1
Terms of Pledge. (a) The Pledge Agent shall not be liable for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith and in the exercise of its own best judgment, and may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Pledge Agent), statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Pledge Agent to be genuine and to be signed or presented by the proper person or persons. The Pledge Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Pledge Agreement unless evidenced by a writing delivered to the Pledge Agent signed by the proper party or parties and, if the duties or rights of the Pledge Agent are affected, unless it shall have given its prior written consent thereto.
Sample 1
Terms of Pledge. The Shares shall be held by Pledgeholder in pledge subject to the terms and conditions of this Pledge Agreement. Pledgeholder shall retain the Shares to secure Klitofsky's obligations to SVI under this Pledge Agreement. As long as no event of default exists as described in Section 6 below, Klitofsky shall have the right at all times to vote such Shares on any and all matters.
Sample 1

Related to Terms of Pledge

  • Rate of Pledge and Term of Pledge 3.1 The Rate of Pledge: The Rate of Pledge shall be 100% under this Agreement.

  • Term of Pledge 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

  • NOTICE OF PLEDGE 4.1 Subject to Clause 4.3 below the Pledgor undertakes that it will without undue delay, but not later than twenty business days after the date of this Agreement, and, in relation to any Account opened after the date of this Agreement, within ten business days after such new Account has been opened, notify each Account Bank and any other relevant third party of the Pledges by delivering a notification substantially in the form set out in Schedule 3 (Form of Notice of Pledge) by registered mail (Einschreiben mit Rückschein). The Pledgor shall provide the Collateral Agent with a copy of each such notification and of the corresponding return receipt (Rückschein). In addition, the Pledgor shall use all reasonable efforts to procure that each Account Bank promptly acknowledges receipt of the respective notification, and acceptance of the terms thereof, to the Collateral Agent and to the Pledgor.

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

  • Exercise of Pledge 8.1 Pledgee shall issue a written Notice of Default to Pledgor when it exercises the Pledge.

  • Termination of Pledge Agreement This Agreement and the rights hereby granted by Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of Pledgor under the Securities Contract and hereunder. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Security Interests and delivered to Pledgor by Secured Party, all at the request and expense of Pledgor.

  • Description of Pledged Collateral (a) The Pledged Collateral is described as follows and on any separate schedules at any time furnished by Pledgor to Secured Party (which schedules are hereby deemed part of this Agreement):

  • Release of Pledged Shares from Pledge Upon the payment of all amounts due to the Pledgee under the Convertible Debentures by repayment in accordance with the terms of the Note, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Convertible Debentures, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Convertible Debentures, by repayment in accordance with the terms of the Note, this Agreement and Pledgee's security interest and rights in and to the Pledged Shares shall terminate.

  • Authorization of Pledged Equity All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

  • DEFINITION OF PLEDGED PROPERTY For the purpose of securing prompt and complete payment and performance by the Company of all of the Obligations, the Company unconditionally and irrevocably hereby grants to the Secured Party a continuing security interest in and to, and lien upon, the following Pledged Property of the Company:

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