The Term of Pledge. 3.2.1 The Pledge of the Equity Interest under this Agreement shall take effect as of the date that the Pledge of the Equity Interest is recorded in the register of shareholders of Baisha Fire Control. 3.2.2 During the Term of Pledge, the Pledgee shall be entitled to foreclose the Pledge in accordance with this Agreement in the event that Baisha Fire Control fails to pay exclusive technical consulting and service fees in accordance with the Service Agreement.
Appears in 16 contracts
Samples: Equity Interest Pledge Agreement (China Yuan Hong Fire Control Group Holdings LTD), Equity Interest Pledge Agreement (China Yuan Hong Fire Control Group Holdings LTD), Equity Interest Pledge Agreement (China Yuan Hong Fire Control Group Holdings LTD)
