Examples of Equity Pledge Agreement in a sentence
Therefore, the Pledgee is an associate of both Xx. Xx and Madam Yan and hence also a connected person of the Company at the subsidiary level and (i) the provision of financial assistance by the Pledgee to the Company in respect of the Outstanding Debts; and (ii) the transactions under the Equity Pledge Agreement constitute connected transactions of the Company under Chapter 14A of the Listing Rules.
In view of the above, the Directors (including the independent non-executive Directors) are of the view that the Equity Pledge Agreement and the terms of the Equity Pledge Agreement are fair and reasonable, on normal commercial terms and in the interests of the Company and the Shareholders as a whole.
Parties: CTV Media (Shanghai) Xx. Xxxx Xx. Xxx Pursuant to the Equity Pledge Agreement, the Legal Owners pledge their respective interest in the New Entity as well as any dividend generated from such interests to CTV Media (Shanghai) to secure the New Entity’s due performance of its obligations under the Operation Agreements.
The Equity Pledge Agreement is to secure the due performance of obligations of the New Entity under the Operation Agreements and to ensure that the Legal Owners cannot transfer their respective equity interest in the New Entity to the other parties unless with the consent of CTV Media (Shanghai).
With respect to the Collateral (as defined in the Equity Pledge Agreement) pledged to the Lender under the Equity Pledge Agreement, (i) the Pledgor shall have complied with Sections 2.3 and 2.4 of the Equity Pledge Agreement, and (ii) the Lender shall have received an Acknowledgment and Consent, substantially in the form of Exhibit B, duly executed by each Pledged Entity (an “Acknowledgement and Consent”).