The Term of Pledge. 3.2.1 The Pledge shall be effective as of the date that the Pledge is recorded in the register of shareholders of the Company and shall remain effective so long as this Agreement remains in effect. 3.2.2 During the Term of Pledge, Party A shall be entitled to foreclose on the Pledge in accordance with this Agreement in the event that the Company fails to pay the Consulting Fees in accordance with the Service Agreement. 3.2.3 Except as otherwise provided hereunder, Party A shall be entitled to exercise, dispose of or assign the Pledge in accordance with this Agreement.
Appears in 9 contracts
Samples: Equity Interest Pledge Agreement (Recon Technology, LTD), Equity Interest Pledge Agreement (Recon Technology, LTD), Equity Interest Pledge Agreement (Recon Technology, LTD)
The Term of Pledge. 3.2.1 The Pledge shall be effective as of the date that the Pledge is recorded in the register of shareholders of the Company and shall remain effective so long as this Agreement remains in effect.
3.2.2 During the Term of the Pledge, Party A shall be entitled to foreclose on the Pledge in accordance with this Agreement in the event that the Company fails to pay the Consulting Fees in accordance with the Service Agreement.
3.2.3 Except as otherwise provided hereunder, Party A shall be entitled to exercise, dispose of or assign the Pledge in accordance with this Agreement.
Appears in 1 contract
Samples: Equity Interest Pledge Agreement (Zheng Hui Industry Corp.)
