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

• Article 28, RA Law “On State Registration of Property Rights”In the end of a transaction, the Local Office of RA State Cadastre Committee issues a title certificate on Pledge Right in the name of Creditor.20 The other procedures are implemented as prescribed by the mortgage contract.The interviews with the Cadastre and bank management authorities21 reveal that actually mortgage transactions are carried out in compliance with RA legislation.

• The Parties jointly acknowledge that, for the purpose of completing Equity pledge registration formalities, the Parties shall submit this Agreement or an Equity pledge contract which is executed in the form requested by the administrative authority for industry and commerce in the locality of Party C and truly reflects the information regarding the Pledge Right hereunder (the “Pledge Contract for Industrial and Commercial Registration”) to the administrative authority for industry and commerce.

• Party C acknowledges the respective rights and obligations of the Xxxxxxx and the Pledgee hereunder and agrees to provide any necessary assistance to register the Pledge Right.

• This chapter covers aspects relating to: Pledge, Right of retention on of possession, Non-possessory security, security in intangibles, Transfer of titles, Retention of titles and Uniform comprehensive security.

• The Xxxxxxx and Party C shall submit all necessary documents and complete all necessary formalities in accordance with the laws and regulations of the PRC and various requirements of the competent administrative authority for industry and commerce to ensure the Pledge Right is registered as soon as practicable after the submission of application.

More Definitions of Pledge Right

Pledge Right refers to the guarantee interest granted by the Pledgor to the Pledgee as specified in Article 2 hereof, that is, the Pledgee’s priority of compensation by payment arising from the shares transfer, auction or sales.

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 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 full content of Article 2 hereunder.

Pledge Right refer to the priority enjoyed by Party A to be compensated with proceeds from evaluation or auction or sale of the equity pledged to it.

Pledge Right refers to the term set forth in Article 2.1 of the Agreement.