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 has the meaning given to that term in the Amended Loan Agreement.
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Examples of Onshore Share Pledge in a sentence

  • When each of the Onshore Share Pledge Agreement and the Note Pledge Agreement is filed with, and approved by, the relevant Governmental Authority pursuant to Section 5(j) hereof, the security interests represented thereby will be perfected.

  • 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.

  • 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.

  • 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.

  • 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.

  • Berkeley Grimball Trustee Award: This award is given by the Board of Trustees in memory of former Headmaster Berkeley Grimball to recognize a senior who has shown a special commitment to the ideals of a liberal arts education.

  • The Option Holder is the Pledgee of the 66% of the registered share capital of the Company pursuant to the terms of a Onshore Share Pledge Agreement of even date herewith (“Onshore Pledge Agreement”) between the Grantor and the Option Holder.

  • 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.

  • 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.

  • If the PRC Governmental Authorities require any amendments, modifications or changes to the Onshore Share Pledge Agreement or the Note Pledge Agreement, as the case may be, as a condition to their approval of such agreements, then the Company shall use its reasonable best efforts to effect such amendments, modifications or changes to such agreements, as the case may be, to obtain such approvals from the relevant Governmental Authorities.


More Definitions of Onshore Share Pledge

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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Related to Onshore Share Pledge

  • Share Pledge means, in relation to the Borrower and each Vessel Owner, each first priority charge, pledge or mortgage or equivalent over the shares in the Borrower or Vessel Owner (as the case may be) to be given by: (a) in the case of the Borrower, the Guarantor; and (b) in the case of each Vessel Owner, the Borrower, in each case in favor of and in form and substance satisfactory to the Security Trustee and “Share Pledges” means all such share pledges.

  • 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 Pledge Agreement of even date herewith executed by Holdings in favor of Agent, on behalf of itself and Lenders, pledging all Stock of Borrower.

  • 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 the Issue Date, between the Equity Pledge Guarantors and the Collateral Agent, as amended, restated, modified, supplemented, extended or replaced from time to time.

  • 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.

  • Foreign Pledge Agreements means each pledge agreement, charge or collateral security instrument creating a security interest in the Capital Stock of the Foreign Subsidiary Borrowers and certain other first-tier Foreign Subsidiaries of the Company, in each case, in form and substance reasonably satisfactory to the Administrative Agent, as such agreements may be amended, supplemented or otherwise modified from time to time.

  • 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 the parent pledge agreement dated as of the Effective Date executed in favor of the Administrative Agent, for the benefit of the Secured Parties, by the Borrower, as amended or modified from time to time in accordance with the terms hereof.

  • Shareholder Debt means any shareholder loan made to the Issuer as debtor, if such loan:

  • Pledge and Security Agreement means the Pledge and Security Agreement to be executed by Company and each Guarantor substantially in the form of Exhibit I, as it may be amended, supplemented or otherwise modified from time to time.

  • Foreign Pledge Agreement means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

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

  • Subco means 0961994 B.C. Ltd., a company existing 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 Security Agreements, the Dutch Share Pledges, and each other agreement, document or instrument executed by any Loan Party governed by Dutch law which provides for a Lien in favor of the Agent as security for any of the Obligations.

  • Share Certificate means a certificate evidencing ownership of shares of Common Stock.

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • 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.