Pledgor definition
Examples of Pledgor in a sentence
The term “pledge” refers to the Pledgee’s priority right to be repaid with the proceeds from the sale, auction or disposal of the equity interests pledged by the Pledgor to the Pledgee.
Xxxxxx agrees that the Pledgor shall pledge the relevant equity interests to the Pledgee in accordance with this Agreement.
Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd or the increase in equity due to the acquisition of equity shall also be the Pledged Equity Interests.
When the Pledgee assigns its rights and obligations under the Master Agreement, a written notice shall only be given by the Pledgee to the Pledgor, and the Pledgor shall sign any agreements and/or documents in relation to the assignment at the request of the Pledgee.
In the event of the Pledgor’s death, the Pledgor agrees that its rights and obligations under this Agreement shall be immediately assigned to any persons designated by the Pledgee for succession.