Pledge Right definition

Pledge Right means the priority right the Pledgee owns, with respect to the proceedings arising from selling at a discount, auction of, or selling off the equity interests pledged by the Pledgor to the Pledgee.

Pledge Right means the security interest granted to the Pledgee by the Pledgors according to Article 2 hereunder, which is, the Pledgee’s right whereby the Pledgee may convert the Equity Interest pledged to it by the Pledgors into money or preempt the proceeds from the auction or sale of the said Equity Interest.

Pledge Right refers to the full content of Article 2 hereof.

Examples of Pledge Right in a sentence

• The Pledgee may exercise the right to dispose of the Pledge Right at the same time of or any time after the service of the Notice of Default.

• If the Pledgee decides to exercise the Pledge Right, the Pledgor undertakes to transfer all of his shareholder rights to the Pledgee for exercise.

• Party B fulfills the repayment as scheduled, the Pledge Right shall be terminated.

• At the time that the Pledgee decides to exercise its right to dispose of the Pledge Right, the Pledgors shall no longer own any right and interest in relation to the Equity Interest.

• The Pledgor shall, within five (5) days of the receipt of any notices, orders or recommendations given or made by the competent authority with respect to the Pledge Right, present the above notices, orders or recommendations to the Pledgee, and shall comply with the same or raise objections and make representations in respect of the above matters as reasonably required by or with the consent of the Pledgee.

More Definitions of Pledge Right

Pledge Right refers to the priority enjoyed by the Pledgee to receive payment in the form of the Pledged Shares pledged by the Pledgor to the Pledgee based on the conversion value thereof or any proceeds from the auction or sale of the Pledged Shares.

Pledge Right shall refer to all the contents as described in Section 2 below.

Pledge Right shall have the meaning as provided in Article 2 hereunder.

Pledge Right means the full content of Article 2 hereunder.

Pledge Right means the security interest granted by the Xxxxxxx to the Pledgee in accordance with Article 2 hereof, i.e. the right of the Pledgee to be repaid in priority out of the proceeds from the conversion, auction or sale of the Equity Interest.

Pledge Right means the guarantee interest granted by the Pledgors to the Pledgee in accordance with Article 2 of this Agreement, i.e., the right of the Pledgee to be compensated in a preferential way with the proceeds from the conversion, auction or sale of the Equity Interest.

Pledge Right means that the Pledgee is entitled to the preferential rights to receive payment out of discount or auction of equity interests pledged by the Pledgor to the Pledgee and change of such equity interests.