Onshore Share Pledge definition

Onshore Share Pledge means the onshore share pledge executed on the Closing Date in the form attached to the Note Purchase Agreement as Exhibit 6.
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Onshore Share Pledge means the PRC law governed share pledge to be granted by ZHU Zhengdong （朱正家） in favour of the Transferee Lender on or about the date of the Second Supplemental Agreement over shares in Beijing Zhengbao Yucai Education Technology Company Limited by Shares （北京正 保育才教育科技股份有限公司 ）
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Onshore Share Pledge means the agreement on pledge of equity interest to be executed by the Cayman Holdco in favor of the Investor in respect of the 100% of the registered capital of the WFOE.
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Examples of Onshore Share Pledge in a sentence

  • Additional Interest and Delivery of Onshore Share Pledge Agreement.

  • The Company shall, and shall cause the relevant Group Companies to, (i) as soon as practicable after the First Closing, but in any event no later than 45 days after the First Closing, register the Initial Onshore Share Pledge with the relevant local counterpart of the State Administration of Foreign Exchange, the Ministry of Commerce and the SAMR, where applicable; and (ii) file or register the other Security Documents as provided for therein.

  • Without prejudice to the provisions of Section 9.3, the Security Trustee may (but shall not be obliged to), in the absence of any instructions to the contrary, take such action in the exercise of any of its powers and duties under the Initial Onshore Share Pledge as it considers in its discretion to be appropriate.

  • Except as disclosed in Schedule 6(k) of the Disclosure Schedule, when executed and delivered and subject to the approval by and filing with the relevant Governmental Authority, the Onshore Share Pledge Agreement will create valid and enforceable first-priority security interests in favor of the collateral agent appointed thereunder in all the equity interest in the PRC Subsidiaries which security interests will secure the repayment of the Notes and the other obligations purported to be secured thereby.

  • Following the submission of the Onshore Share Pledge Agreement in accordance with clause (i) above, the Company shall use commercially reasonable efforts to cause the Onshore Share Pledge Agreement to be approved and effective within 6 months from the date of such submission.

  • Present and future amounts owing in respect of this Agreement will be secured by the Share Charge, the Confirmatory Share Charge, the Additional Share Charge, the Confirmatory Additional Share Charge and the Onshore Share Pledge.

  • To facilitate the Company’s submission of the Onshore Share Pledge Agreement to the relevant authorities, Forum agrees to provide information and documentation as may by reasonably required to effect the application to MOFCOM (such information, the “Forum Information”).

  • When executed and delivered and subject to the approval by relevant Governmental Authority, the Onshore Share Pledge Agreement will create valid and enforceable first-priority security interests in favor of the collateral agent appointed thereunder in all the equity interest in the WFOE which security interests will secure the repayment of the Notes and the other obligations purported to be secured thereby.

  • For every Subsidiary that is or becomes a directly wholly foreign owned enterprise in the PRC, the Company will procure that any such Subsidiary and its parent company executes and delivers to the Collateral Agent an Onshore Share Pledge Agreement substantially in the form attached hereto as Exhibit D within thirty (30) days of the formation of such Subsidiary or the Company’s acquisition of the equity interests therein.


More Definitions of Onshore Share Pledge

Onshore Share Pledge has the meaning given to that term in the Amended Loan Agreement.
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Related to Onshore Share Pledge

  • Share Pledge means as defined in Section 5.1(g).

  • Share Pledge Agreement has the meaning given such term in the definition of Collateral and Guaranty Requirements.

  • Shares Pledge means the first priority pledge of the shares of and in each Borrower to be executed by the Shareholder in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means both of them;

  • Stock Pledge Agreements means each Stock Pledge Agreement of the Borrower and any of its Subsidiaries in substantially the form of Exhibit 4.1B, as amended, restated or supplemented from time to time.

  • Holdings Pledge Agreement means the Holdings Pledge Agreement, dated as of the Closing Date, among Holdings and the Collateral Agent.

  • Stock Pledge Agreement means a stock pledge agreement, in form and substance satisfactory to Agent, executed and delivered by each Borrower that owns Stock of a Subsidiary of Parent.

  • Equity Pledge Agreement means the Equity Pledge Agreement, dated as of May 15, 2018, among the Company, as pledgor, and the Collateral Agent, as security agent, pursuant to which the Company pledges all of its rights, title and interest in the equity interests in the Permitted Subsidiary to the Collateral Agent, for the benefit of the Secured Parties.

  • U.S. Pledge Agreement means the pledge agreement substantially in the form of Exhibit 1.01C (it being understood that the pledgors party thereto and schedules thereto shall be reasonably satisfactory to the Administrative Agent), given by the Domestic Credit Parties, as pledgors, to the Collateral Agent to secure the Obligations, and any other pledge agreements that may be given by any Person pursuant to the terms hereof, in each case as the same may be amended and modified from time to time.

  • State Pledge means the pledge of the State of Michigan as set forth in Section 10n(2) of the Securitization Law.

  • Company Pledge Agreement means the Company Pledge Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit XIII annexed hereto, as such Company Pledge Agreement may thereafter be amended, supplemented or otherwise modified from time to time.

  • Parent Pledge Agreement means that certain Pledge Agreement, dated of the date hereof, made by Parent in favor of Agent.

  • Pledge and Security Agreement means the Pledge and Security Agreement executed and delivered by the Borrower and each Guarantor on the Closing Date in form and substance acceptable to the Initial Lender and the Collateral Agent, as it may be amended, supplemented, restated or otherwise modified from time to time. For the avoidance of doubt, the terms of the “Pledge and Security Agreement” shall include the terms of all Applicable Annexes (as defined in the Pledge and Security Agreement).

  • Foreign Pledge Agreement means a pledge or charge agreement with respect to the Collateral that constitutes Equity Interests of a Foreign Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent.

  • Subco Shares means the common shares in the capital of Subco;

  • Subco means 1102209 B.C. LTD., a corporation incorporated under the laws of the Province of British Columbia;

  • Initial Pledged Shares means, collectively, with respect to each Pledgor, the issued and outstanding shares of capital stock of each issuer described in Schedule 11 annexed to the Perfection Certificate together with all rights, privileges, authority and powers of such Pledgor relating to such interests in each such issuer or under any Organizational Document of each such issuer, and the certificates, instruments and agreements representing such shares of capital stock and any and all interest of such Pledgor in the entries on the books of any financial intermediary pertaining to the Initial Pledged Shares.

  • Overseas Shareholders holders of Scheme Shares who are resident in, ordinarily resident in, or citizens of, jurisdictions outside the United Kingdom;

  • BVI means the British Virgin Islands;

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Share Charge shall have the meaning provided in Section 5.06.

  • Dutch Security Documents means the Dutch Share Pledges, the Dutch Intercompany Pledges and any other Dutch law security document creating security for the benefit of the Collateral Agent.

  • Share Certificate means a certificate representing the Shares purchased by and registered in the name of the Subscriber pursuant to the Offering;

  • Canadian Pledge Agreement means a pledge agreement in a form to be agreed upon, and to be executed in favor of the Canadian Administrative Agent, for the benefit of the holders of the Canadian Borrower Obligations, by the Canadian Borrower and each Canadian Guarantor, as amended or modified from time to time in accordance with the terms hereof.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Pledged Securities means any promissory notes, stock certificates or other securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral.