Common use of Undertakings by the Pledgors and Party C Clause in Contracts

Undertakings by the Pledgors and Party C. 6.1. During the Term of Pledge, the Pledgors and Party C severally and jointly undertake to the Pledgee that: 6.1.1. Without the prior written consent of the Pledgee, the Pledgors shall not transfer the Pledged Equity Interest, create or permit to be created any security interest or other encumbrances on the Pledged Equity Interest, except for the performance of the Transaction Documents. 6.1.2. The Pledgors and Party C shall comply with the provisions of all the laws and regulations relating to the pledge of rights, and shall, within five (5) days upon receipt of any notice, order or recommendation issued or promulgated by the relevant competent authorities regarding the Pledge, present such notice, order or recommendation to the Pledgee, and concurrently comply with such notice, order or recommendation, or object thereto upon the reasonable request or consent of the Pledgee.

Appears in 4 contracts

Samples: Equity Interest Pledge Agreement (Tencent Music Entertainment Group), Equity Interest Pledge Agreement (Tencent Music Entertainment Group), Equity Interest Pledge Agreement (Tencent Music Entertainment Group)

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Undertakings by the Pledgors and Party C. 6.1. During the Term of Pledge, the Pledgors and Party C severally and jointly undertake to the Pledgee that: 6.1.1. Without the prior written consent of the Pledgee, the Pledgors shall not transfer the Pledged Equity Interest, create or permit to be created any security interest or other encumbrances on the Pledged Equity Interest, except for the performance of the Transaction Documents.; 6.1.2. The Pledgors and Party C shall comply with the provisions of all the laws and regulations relating to the pledge of rights, and shall, within five (5) days upon receipt of any notice, order or recommendation issued or promulgated by the relevant competent authorities regarding the Pledge, present such notice, order or recommendation to the Pledgee, and concurrently comply with such notice, order or recommendation, or object thereto upon the reasonable request or consent of the Pledgee.;

Appears in 4 contracts

Samples: Equity Interest Pledge Agreement (Tencent Music Entertainment Group), Equity Interest Pledge Agreement (Tencent Music Entertainment Group), Equity Interest Pledge Agreement (Tencent Music Entertainment Group)

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Undertakings by the Pledgors and Party C. 6.1. During the Term of Pledge, the Pledgors and Party C severally and jointly undertake to the Pledgee that: 6.1.1. Without the prior written consent of the Pledgee, the Pledgors shall not transfer the Pledged Equity InterestShare of Property, create or permit to be created any security interest or other encumbrances on the Pledged Equity InterestShare of Property, except for the performance of the Transaction Documents. 6.1.2. The Pledgors and Party C shall comply with the provisions of all the laws and regulations relating to the pledge of rights, and shall, within five (5) days upon receipt of any notice, order or recommendation issued or promulgated by the relevant competent authorities regarding the Pledge, present such notice, order or recommendation to the Pledgee, and concurrently comply with such notice, order or recommendation, or object thereto upon the reasonable request or consent of the Pledgee.

Appears in 2 contracts

Samples: Share of Property Pledge Agreement (Tencent Music Entertainment Group), Share of Property Pledge Agreement (Tencent Music Entertainment Group)

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